Servicing SMEs Throughout Atlantic Canada
So often, employees are promoted because they are really good at what they do as individual contributors. The employee is efficient at what they do, they have a solid understanding of their role and often exceed expectations, they are a good team player and are looking for new tasks to challenge their thinking… The list…
Accounts receivable is your cash in someone else’s pocket and inventory is cash on a shelf. Cash collected is preferable to any interest bearing bank loan. The only sane method of consistently collecting money is to have someone consistently take on the “role of collector” and rigorously work the files. The benefit of aggressive collecting…
Supply Chain Management, and in particular the tasks associated with procurement activities, are often thought of as a “do-it-yourself” function by business leaders. Many organizations still believe that it is something that most people can do. After all, people buy cars, houses, and groceries, so they have years of experience in this area, right? The…
There are some things you can do throughout the year to be better prepared for your accountant when the time comes to prepare your year end file. This can save that long list of items to deal with at what always seems to be the worst time. Here is a good place to start. Create…
In underperforming operations, managers know there are issues but they are too busy putting out fires to focus on fixing the problems. Band aid solutions are put into place while the root cause of the initial problem hasn’t been addressed. Firefighting is no way to run an effective organization. The best place to start addressing…
A number of years ago Fram Filter (oil & air filters for our engines) had a great advertisement, “You can pay me now or you can pay me later”. You can buy a $7.50 Fram filter and change your oil now or pay for a $3,000 motor job down the road. The choice is yours…
Business owner/operators are often overwhelmed by the daily challenge of fierce competition, a difficult economic environment and having enough resources to weather soft periods. “Show me the money” Leaders often ponder, “How do I get my business to a better place”. If invited, specialized outside eyes would ask a series of questions to identify, analyze…