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Improving Profits with Dashboards and Metrics This was originally published on Apr 06, 2011 by American Express OPENForum Idea Hub. Have you ever wondered why your business isn’t making as much money as you think it should be? Maybe you haven’t been asking the right questions. Before getting into the detailed metrics you should be tracking, let’s start with . . . → Read More: Improving Profits with Dashboards and Metrics  Opening the Book on Open Book Management By JoAnne Berg Originally published by American Express OPEN Forum on March 21, 2011 Note from JoAnne: I’m a big believer in applying the concepts of Open Book Management selectively in almost every business. If you’d like to discuss this concept in more detail, I am happy to talk to you about . . . → Read More: Opening the Book on Open Book Management  Comments are closed  Articles  Best Practices, Business Growth, Employee Compensation, Managing, Open Book Management, Values in Business Turn Your Annual Operating Plan into a Budget by JoAnne Berg originally published by American Express OPEN Forum on February 18, 2011 If you are like many entrepreneurs, budgeting is an annual exercise that you may prefer to do without. However, your budget is a powerful tool for ensuring the success of your business, so it’s worth the time . . . → Read More: Turn Your Annual Operating Plan into a Budget The Upside Of Incentive Compensation Plans by JoAnne Berg Originally published by American Express OPEN Forum on Mar 24, 2011 Incentive compensation is a practice by which employers pay their employees extra for performance “beyond normal expectations.” This is one of those practices that business owners have had widely varying experiences with. Sometimes incentive compensation plans work well and . . . → Read More: The Upside Of Incentive Compensation Plans Your revenue model is how you profitably match your product or service with your desired customers. No other business decision has more potential to make or break your business. In fact, your entire business will be structured around your revenue model. Comments are closed Articles Business Growth, Business planning, Marketing, Revenue Model, Starting a Business The Language of Accounting By JoAnne Berg Originally published on OPEN Forum on February 14, 2011 Did you ever look at a set of financial statements and wonder what it all meant? Would you like to know how to get more value out of the information? You’re not alone. Many business owners find that learning to read, truly understand, and . . . → Read More: The Language of Accounting Who Should Handle Your Business Finances? By JoAnne Berg Originally published by American Express OPEN Forum Every business has a Chief Financial Officer — the person who has overall responsibility for the financial management of the company. In your business, that person might be you! In a new business, it is not uncommon for the owner to take on all . . . → Read More: Who Should Handle Your Business Finances? Comments are closed Articles Accounting, Cash flow, Financial Statements, Managing, Second stage companies, Startups 6 Common Money Mistakes Small Business Owners Make by JoAnne Berg Jan 06, 2011 - We’ve all known businesses that appear to be doing well, but end up going out of business because they’ve made major mistakes in pricing, cost control or financial management. Here are some of the areas where these problems arise and some suggestions for how . . . → Read More: 6 Common Money Mistakes Small Business Owners Make Comments are closed Articles Accounting, Best Practices, Budgeting, Business Growth, Cash flow, Family business, Managing, Second stage companies Are you ready to start your new business, or jump start the one you have? You need a business plan! “Four Weeks to Your New Business Plan” is a highly interactive workshop designed and taught by JoAnne Berg. During the four weeks, here’s what you’ll develop: A clear and unambiguous description of the mission . . . → Read More: New Workshop: Four Weeks To Your New Business Plan Why Your Business Owes Taxes When It Didn’t Generate Cash By JoAnne Berg Your business has several silent partners: Uncle Sam and his state and local cousins. Many of the decisions you make on a daily basis will impact their take, so it’s wise to be at least somewhat familiar with the tax laws when you run your own . . . → Read More: Why Your Business Owes Taxes When It Didn’t Generate Cash Comments are closed Articles Accounting, Business Growth, Income taxes, Managing, Starting a Business |
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