As if managing your business wasn’t enough of a challenge, one day you wake up to find that your company needs a number of cars or trucks… and suddenly you are a fleet manager too. Buying a fleet is no small task and deserves some careful thought. Even having one car in the name of the business can trigger decisions and expenses you might not have imagined.
So how do you ensure
There are hundreds of ways to look our business – we can spend hours staring at financial statements and ratios. But financial statements alone won't help us make progress...what an entrepreneur really needs is a map.
A great "business dashboard" can be that map, showing us not just where we are, but also where we are going. (Financial statements tell us only where we’ve already been!)
Small business success means being more productive than the competition: Faster, better, cheaper. And there's no tool that will make a business faster, better and more productive than a tablet computer. If your business is not tablet-ized, now is the time.
Don't shudder when you think about splurging on a fancy gadget and learning new software. Instead focus on the areas of your business that
I'm embarrassed to tell you that I actually screamed at a salesman over the phone today. It takes a lot to get me worked up, but in this case I broke. I simply wanted to PAY this guy, and he could not take payment over the phone.
ME: "What? No invoicing? No credit card? No Paypal, SquarePay, or Intuit Payment Network?"
SALES GUY: "No. Cash or check only, payable on delivery."
Mobile devices are the busy entrepreneurs best friend. Just as mobile devices and apps have made it possible to take your operations on the road, the new generation of apps is making it possible to take your business finances too.
But its more than just being mobile. Smartphones and tablets are now doing some of the work of accountants, bookkeepers and statisticians. If you're looking for your
I've often said that you should not start any business without a business plan. So are you surprised that I put this strategy step at the end of my Business Tune Up Program?
There's a good reason. A "strategic growth plan" is entirely different than a start-up business plan, and plotting strategy takes a deep understanding of what drives your business -- and your profits.
If you've followed my
At lunch yesterday, I had the guilty pleasure of hearing “war stories” from a group of lawyers, accountants and bankers. Sometimes lunch with this crowd is yawn-inducing, but these guys were on a tear and each told of an unlucky client who had accidentally lost millions in a business transaction.
My favorite story was of a guy who bought a small company. The seller and he had agreed to
Its amazing how complicated you can make bookkeeping if you try. Apply for a handful of credit cards, get two or three bank accounts, and carry arround a checkbook ... and you're on your way to a life of late payments and bounced checks.
There's a better way. In fact, keeping your books straight in a small business should be as simple as "Just Say One."
So next time you are asked...
### UPDATE: Amazon has changed access to many of the apps featured in this article since December 2011, when this article was written. Our recommended apps were compatible with the Kindle at that time, but many are no longer compatible. We hope this article can inspire you to find similar apps that will help your business productivity, and that you'll share them with us in the comments section!
People say that writing things down creates a certain kind of magic.
It must be true. Some of the most powerful magic I've ever seen came from a 24" x 36" piece of paper and a colored marker that became my business dashboard. After I created a business dashboard, nothing was ever the same.
If you want your business to thrive you must know - and measure - the things that make it work.