Data-driven decision making has been the mantra of most good CEOs and CMOs over the better part of the last decade. They want all marketing decisions to be based on solid data, which had previously not been available but is today in high amounts. But, data can be deceiving. It may lead you in one direction, when in fact the right answer may be completely in the opposite direction.
Chief Financial Officers are often the “gatekeepers” to the company’s cash coffers. And, as you can imagine, they have a lot of people tugging on their sleeves looking for investments into various projects within the company. But, CFO’s need to prioritize their spend, based on what is in the best interests of the company. This post will help you learn to think like a CFO and how best to pitch your business investment case with the highest odds of success.
I was recently introduced to Todd Zaugg, the CEO at Matrix Achievement, a consulting firm that helps companies improve their sales. In our discussions, Todd made it clear that optimizing your workforce is a vital component to maximizing your sales. So much so, that he actually created a workforce optimization algorithm that he believes all companies […]
Using accurate data is critical, and getting that is not always easy. And, if you don’t have accurate data, you may be making the wrong business decisions that could end up hurting your business, when you thought you were helping it. Allow me to explain.
It is perfectly acceptable and prudent to say no to a sale if there are high odds it will end up capsizing your boat. Read about George Deeb’s take on a specific deal he had to turn down for the best interest of his company.
What happens when millions of e-commerce stores are fighting to get discovered on only three primary websites (Amazon, Google, and Facebook) where consumers are looking for potential shopping solutions?
I recently met a business where the owner made 100% of her decisions based on how it impacts the immediate cash flow of the business. And I mean every decision! Whether it was hiring business professionals like accountants or lawyers that were advising the business. Or, making marketing decisions based on what drove revenues this […]
I have long thought movie stars and sports heroes were drastically overpaid in comparison to their contributions to society. For example, teachers are teaching future generations of kids, and get paid pennies in comparison. And, even well-paid doctors saving lives, are paid a small fraction of what a basketball star gets paid to simply play […]
Building successful startups is not easy. That is why only one in ten startups actually succeed. But, if you are going to have any chance of success, you need to K.I.S.S.—Keep It Simple Stupid.
Our brains have been wired to think about our careers going up the corporate ladder over time. A manager, becomes a director, becomes a vice president, becomes a president, etc. But, if you think about that structure, there are a lot fewer job positions the further you go up the ladder. An example typical company […]
All I can say to you entrepreneurs who are “floating in the wind” of poor time management is: unless you are doing at least one material thing each day to move your business forward, towards new revenue or profit heights, you are never going to grow your business as quickly as you could be.