Businesses need mission statements to tell the public and especially their customers what it is the business does.
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.
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.
This event will include educational presentations and panel discussions that help both new and existing businesses to recover, adapt and innovate. Read more
September 28: Boom! Take Your Business to the Next Level Using Webinars, Podcasts, Live Streaming and Beyond
Take your business to the next level using powerful, affordable, yet easy-to-use digital tools. Read more
September 23: How Retailers Can Capitalize on Evolving Consumer Behavior with Payment, Fulfillment Models, and More
Learn how retailers are pivoting to provide more payment offerings, fulfillment models, and more to adapt to the demands of today’s new consumer. Read more
Learn how to grow your business, without increasing the time you work, by efficiently and effectively managing your time and delegating the work. Read more