Business Briefs: 5 ways to cut costs and improve cash flow

When business owners start to feel the choking effect of a slow cash flow, they often blame their customers. “Why aren’t we getting paid on time?!” But it’s important to remember that cash flow is affected by a variety of elements. For example: Operating expenses and...

Management Co-Sourcing

The business environment has changed and because of staff reductions and smaller budgets, businesses are forced to accomplish more with fewer resources.  Co-Sourcing, a business practice in which some portions of a function are performed internally by an organization...

Gross Profit Percentage

An eroding gross profit percentage is a dangerous position for a company to find itself in and is a leading indicator of future business failure.  Some causes of reduced profitability include: declining labor productivity increasing labor costs poor material usage...

Do You Have an Engaged Management Team?

As the CEO or President of your company do you sometimes find that the level of engagement within your management team is lacking?  That individual managers are only focused on their own functional area at the detriment of the entire organization?  Part of the issue...

Product Line Profitability

Over the years I have worked with a number of companies in the consumer products arena. One of the critical topics of discussion is always product line profitability. Which of our products truly contribute the most to our bottom line? In connection with the issue of...