Business & Strategic Planning

Business Blind Spots – Find Them and Fix Them

Business Blind Spots

What questions should you be asking yourself to help identify blind spots that could be impacting the growth of your business? This list of questions hit my radar while reading an article in Inc. magazine a couple of years back and now seems a perfect time in our business climate […]

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COVID-19: Managing Risk

covid-19-managing-risk

We’re in the midst of a once-in-a-century pandemic, and uncertainty has never been greater.  Each week, and sometimes each day, presents a new challenge, and some of those challenges present issues that we may not be prepared to face.  But we persevere.  It’s been five months since the wave of […]

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Evaluating Business Risk

Risk management concept avoid, accept, reduce and transfer

One of the first things a CFO in a new situation should do is evaluate the risks that a company faces. Sometimes these risks are not obvious, but recent events demonstrate the continuing need to evaluate these issues carefully. INVENTORY The supply of inventory is vital to most businesses. One of the […]

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Your Business Recovery Plan After Covid-19

chess board game concept for competition and strategy

Most of you who are reading this did not have an action plan for responsiveness to a global pandemic.  The risk of this occurring was unlikely, remote or improbable.  But COVID-19 has swept across the globe and most business strategic plans for 2020 have been thrown out the window.  But, as the calendar […]

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How to Prepare Your Business for Coronavirus

Owners calculating bills

The news agencies have been quick to point out the effect of the Coronavirus on people and stock markets throughout the world. Just now, we are starting to hear about the proactive actions that some large businesses are taking to survive the Coronavirus – Disney is closing, airlines are scaling […]

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It’s Not Just a Budget, It’s a Plan

The management is checking the company earnings chart on the office desk.

We here at nperspective believe strongly in the need for businesses, of any size, to develop an operating budget and track their actual results against that budget. Many small and mid-size companies feel that developing a budget is too time-consuming and actual results are never close to budget anyway. A […]

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How to Prevent Small Business Failure

Failure in business

According to the Small Business Administration, roughly 20% of small businesses fail during the first year of operation. That’s a surprisingly low number considering the commonly held belief that most businesses fail within the first year. Longer term, half of small businesses survive for five years, and only one third […]

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How to Position Your Business for Significant Growth

Finances and budgeting, businessman stacking coins

Most small business owners follow a proven path of success by managing everything in their business. Specifically, they manage sales, marketing, business operations, human resources, and oversee the accounting and finance departments. Why? To keep costs down and maintain control over the business. Eventually, the business employs 15 to 30 […]

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Owner-Driven vs. Systems-Driven Business

CFO typing on computer

This month we’re going to discuss what it means to be an Owner-Driven business, how and why it occurs and the relative merits and challenges. We’ll then look at what it means to be Systems-Driven and compare and contrast. Owner-Driven When a business launches, the owner will work the most hours, […]

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The Importance of Strategic Planning

chess board game concept for competition and strategy

Successful business owners, executives and managers realize the importance of strategic planning. They know that an organization’s process of defining its direction, and making decisions on allocating time, talent, effort and finances to follow this approach is key to its ongoing growth. But what they may not have considered is how an outsider can […]

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