Resolutions do matter, but only if they are accompanied with a plan for their implementation. Here are a few new ideas:
1) Manage costs by constant attention to being more productive in everything you do.
2) Concentrate on learning more about your customers and providing them more value.
3) Use the tools of Financial Monitoring to improve your profitability regardless of economic conditions
Note: We have developed a Financial Management Toolkit for this purpose. Ask for details.
4) As a manager focus on the future not the present. Delegate the present managerial jobs to your staff.
Note: Training in personnel development processes can help you both in becoming comfortable with delegation.
First of all, what is ratio budgeting? It is the systematic monitoring of the relationship of costs to revenue. If revenue declines, maintaing profitable operations requires costs to be reduced so as to maintain the planned percentage relationship to revenue. If revenue rises, monitoring the typial upward movement of costs to revenue enables the firm to maintain control of profitability without costs escalating out of control.
A good idea.
What do you think?
This is the idea that an entrepreneur is a risk taker who develops a great idea and builds it into a successful small business.
The problem is that businesses require not just an idea but a process orientation to make it happen. There is much to do, and it isn’t all about risk taking. It is also about building an organization, and doing managerial work, as well as technical work, leadership, and many other things that need to be done.
What has been you experience in ‘getting things off the ground?’