Success In The Bad Times – Profit From Chaos

There are stories of leaders and entrepreneurs that always seem to do well. They can advance in the good times as well as the bad. For example, when the stock markets are going down, there are almost always stocks going up. Likewise, other financial systems will benefit from a market downturn. We need to identify and embrace the signs of chaos and downturns to make the best decisions. It may seem counterintuitive. However, we can ride the turbulent waves to …

Payment Strategies – Finding a Comfortable Time Frame For You And Customers

One of the challenges all consultants face is setting up payment strategies for their customers. There is a need to keep revenue flowing while providing a reasonable amount of time for processing invoices. That is not as much a problem when there are multiple customers and they pay regularly. However, it can be crippling to a business when bill payments (or payroll) are delayed due to accounts receivable (AR) issues. A small company or individual consultant can struggle with this. …

The Mid-Year Review

A New Year always includes a flood of articles on planning and assessing for the year gone by and the one ahead. However, annual planning is not enough. That is why a mid-year review and adjustments are valuable. In particular, we need to adjust during the journey rather than wait until the end. They should also be much less investment than year-end as your course is set. It just might need some modification. Where Are We The middle of the …