Tag Archive: better business

Which Business Best Practices Do Top Notch Trusted Advisors See?

October 5th, 2017

In my ProVisors ODAM (Ontario-hosted Distributors and Manufacturers group – don’t you love the play on words?) meeting this month, we discussed business best practices we’ve seen with our manufacturing and distribution clients. It was a fascinating discussion as our group is diverse and consists of the most respected attorneys, CPAs, commercial insurance, business financial advisers, and consultants from around Southern California. Yet, we agreed rather quickly on core best practices. Thanks to Ron Penland for making the meetings engaging and trend-worthy.

Best business practices, this way….

Here are some of the top themes surrounding best practices:

  • Start by understanding financial statements and cost – it’s interesting how often this arises with our clients.
  • Look for the value add.
  • Find ways to scale without increasing costs. There are many options such as leveraging technologies, best practices, trade associations and more.
  • Leadership equals profit improvement. End of story.
  • Don’t start planning your exit “too late”.
  • Consider process improvement techniques such as lean manufacturing, SIOP (sales, inventory and operations planning), etc.
  • Be aware of your indicators and metrics.

More Best Practices

Are you reliant on figuring everything out yourself? We hope not! The most successful people find groups, attend seminars and conferences, engage with trade associations and interact with others who are up-to-speed on the latest trends and timeless success traits. If you think you might need to go a step further, feel free to contact us and we’ll suggest a few strategies for you.

 

Did you like this article? Continue reading on the topic:

100 Best Practices, Tips to Elevate Business Performance in Manufacturing

 



The Calm of Muir Woods and Why Disconnecting Works

September 12th, 2017

I've Been Thinking

 

Over Labor Day, I went to beautiful San Francisco for a weekend away, prepared for the “coldest winter ever spent is a summer in San Francisco“, and it turned out with record-setting temperatures over 100 degrees! So, after a food walking tour in the thick of the heat on Saturday in the Mission District, I thought my first visit to Muir Woods might provide some welcome relief on Sunday – and it did. Muir Woods is beautiful and calm. It can be a great way to get away from the rat race by going somewhere you can hear the babbling brooks and be a small speck among the majestic trees. How often are you able to get away where you can hear beyond conversations, traffic and phones?

Muir Woods

Majestic Muir Woods

 

One tip to implement this week: 

How often would a day – or even an hour – away to a place where you can hear yourself think be valuable? I find that most of the BEST ideas show up when you empty your mind. Unfortunately for most of us, we try to force ideas when we are in brainstorming sessions, talking with our manager or on the phone with a key customer. And many times, they are not likely to play by our tune. Instead, when we least expect an amazing idea, it shows up.

Have you ever kept working because you had to finish a critical project or report but the information just wouldn’t flow? Thirty minutes away, whether on a walk, playing with the dog or escaping into a TV show might do wonders. If you are at the office, you could walk to the other end of the building to check in on someone you haven’t seen in quite a while or you could go to a conference room or empty office and think. It doesn’t have to be an elaborate plan to be effective. Give it a try, and let me know how those ideas start flowing.

 

If you enjoyed this article, read more about how important getting a new perspective can be…