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One of the early-developed lean tools, developed in the 1930’s, is The 5 Whys. It is a problem-solving technique developed by the founder of Toyota Industries Corporation, Sakichi Toyoda. It's also useful for solving your business problems, regardless of your industry.

I have had an exciting, intense and wonderful career as a management consultant and have worked with organizations around the world. I have worked with groups trying to chart their future, groups that were stuck trying to get to the future, groups that were locked in conflict, and all kinds of situations in between.

Download this guidance on action document for your nonprofit so that you can take now to prepare for the “new normal." Read more

Companies using a calendar year to do their financial statements need to take this time of the year to do budgeting for next year. Budgeting? Why would a company need that? Just do their thing – sell and hope for the best? That’s NOT a good way to run a company. Not good at all. All the big corporations budget everything – sales, expenses by category, cash flow, etc, etc. And, they do it on a quarterly basis. Why? One, they want a target that they believe they need to hit and so they then plan what they must do to hit that target. And, secondly, they use it for accountability – to measure the performance of each subsidiary or department that fed their budgets into the overall budget. Planning and accountability.

If you don’t have customers, you don’t have a business.  First things first, who’s going to buy what you’re selling?  And why buy your product, or service, instead of the competitions?

Find helpful business information and resources. SCORE Madison provides FREE business mentoring, consulting, and educational seminars and workshops to businesses and entrepreneurs... Read more

This invaluable guide on business planning basics will help get you on your way to making your entrepreneurial dreams come true. Read more

Hear how mentorship impacted three successful entrepreneurs along their journey to build and grow their companies.

Congress has allocated another $40,000,000,000 in EIDL grants (advances) in the new stimulus bill. Get advice on whether you qualify for these grants with an extended deadline. Read more

More PPP loans, EIDL grants, Pandemic Unemployment benefits, and other small business relief are coming soon. Here we do our best to explain the legislation that includes a new... Read more

But besides monetary contributions, what are some other ways that small businesses can give back to their communities? To unlock some unique ideas, we asked business leaders and small business owners about the ways their company gives back to the community. 

Real Estate remains an increasingly popular business choice for entrepreneurs. Use these suggestions to help ensure that you are not one of the 87% of new agents that fail after five years.