The Effective CEO

Processes: The Good, The Bad and The “What Were You Thinking?”

Processes are an essential part of running an effective business. I’m pretty sure that’s something that every business owner knows. I mean, how else do employees know how to do repetitive tasks consistently? Are they left to just figure it out on their own? If so, there goes that whole consistency thing you were shootingContinue reading “Processes: The Good, The Bad and The “What Were You Thinking?””

Managing by the Numbers

Do you use your financial reports to help you make management decisions for your company? I’m talking about Profit and Loss Statements, Budget Variance Reports and things like that. Most business owners I work with say their primary goal is to increase their bottom line. My next question is always, “How do you plan toContinue reading “Managing by the Numbers”

What Legal Documents Do My Business Really Need?

When you say “legal documentation”, virtually everybody in business immediately thinks of contracts, especially sales and service contracts. Of course you need those, but what about using legal documentation to determine exactly how your business will operate, even in your absence? This is of course a complicated subject, but let’s explore a simplified version ofContinue reading “What Legal Documents Do My Business Really Need?”

The Importance of Protecting Your Business’ Assets

I know most asset protection articles out there focus on protecting personal property from business liabilities, but how do you protect your business’ assets? “Insurance” is the most common answer I get to that question, and I definitely agree. It is an absolute necessity to be adequately insured. BUT, that’s not the end all beContinue reading “The Importance of Protecting Your Business’ Assets”

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