How many of you have been completely overwhelmed by your business? You think you have it all under control until either rapid growth or problems change your mind. You find yourself so involved with every aspect of the daily grind that you can’t focus on solutions for the situations at hand. It’s a tough placeContinue reading “Run Your Business or It’ll Run You”
Author Archives: theeffectiveceo
Starting a Business – A Basic How-To Guide
You’ve made the decision, you’re tired of working for “the man” and you’re going to start a business, but where do you start? Do you set up a DBA and get a bank account? Do you create a LLC, LLP or Corporation? What about an operating agreement or your business plan? What’s your online presenceContinue reading “Starting a Business – A Basic How-To Guide”
How to Improve Your Business in These Difficult Times
Let’s get straight to the point, the world is a little crazy right now. For many of you that own small businesses, it’s absolutely terrifying. I know you’re wondering if you’ll ever recover, and if so, how. The uncertainty is smothering, but it doesn’t have to be that way. The question you should ask yourselfContinue reading “How to Improve Your Business in These Difficult Times”
How do you establish a united Company Vision and Culture?
Business owners, as a general rule, are very passionate about their companies and know exactly what their vision is for the future. They also want a culture that suits their business well. The problem is, with the daily grind, this often isn’t conveyed in full (or at all) to the employees. Not doing this canContinue reading “How do you establish a united Company Vision and Culture?”
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”