Business Strategies

Accounting starts with the basics of money in – money out. But tracking that money can be fraught with problems, most often due to human error. It’s easy to be distracted in our busy business world and then lose focus on the accounting task at hand. That’s when these tiny errors often happen.

Most business owners love the work they do and usually have a good understanding of the financial operations in their companies. But, they don’t necessarily grasp the nuances of accounting and that can often cost them huge amounts of money. Here are the top five errors we have encountered.

Bowman’s Strategy Clock can help you understand how companies use strategy in the marketplace. By understanding these eight basic strategic positions, you can analyze and evaluate your current strategy.

So, your strategic planning process is complete and it’s time to execute. Uh,oh. Here’s where most companies fail.

Facebook and Apple are frequently touted as companies with strategies built on innovation and new product development.

#1. Bechtel: Started in 1898. Global engineering, construction and project management company.

“It’s never too early to start a succession plan,” states Dan Crowley of Peerless Business Solutions, a firm specializing in family business transitions. “The key is to plan the succession so everything transitions smoothly and is well-thought out because a family business many aspects to it.”

Family businesses are unique. They have opportunities and issues not found in other types of businesses: Family dynamics, or dysfunctions, for one. Patriarchal cultures, for another. But, that’s only if you look at the downside. Family businesses also have a huge upside.

There’s lots of confusion between the functions of Sales and New Business Development. Primarily because the differences are subtle; very subtle. But, the key difference is evident when we look at end goals.

New Business Development is often never seen by the marketplace because well-done deals happen in the “back room” more often than not.