Are you investing your cash flow for growth, or are you funding waste?  In this article, you will learn how to measure if you are investing cash to grow your business, or merely funding wasteful activities. In fact, tolerating poor business practices is a decision that is funded by your cash flow.

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Business owners and leaders often don’t understand cash flow, let alone manage it. The numbers can be so complicated that they almost serve no value to the business owner to run the business. Read this article to understand why it’s important to understand cash flow.   

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Not only are checklists useful in daily life, but checklists are also extremely helpful in business. Once you’ve identified and mapped the processes in your organization, you can bring them to life through checklists. Checklists are valuable for key parts of the 4 to 9 processes that drive the business, and help ensure that the right things happen.

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Have you ever had a key person leave, and no one really knew all the work they do and how they will survive without them? Or are you experiencing “floating leaders” or “floating work”? The good news is, what feels like a major issue, is really just misaligned expectations that can be cleared up pretty quickly.

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Simply stated, a Lean business is a business that maximizes value while minimizing waste. A Lean business model focuses on improving processes across the value stream to eliminate waste and deliver optimized value to the customer. Read this article to understand the basics of the Lean methodology.

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When a business gets above 50 employees, the organizational structure should be designed to align teams around projects, product groups, industry segments, and geographical regions. This is the start of what is commonly called a matrix organizational structure.

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New employee onboarding is the process of integrating a new employee with a company and its culture, as well as getting a new hire the tools and information needed to become a productive member of the team. Here are some tips for effective employee onboarding.

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Top talent are employees that are competent, have character and bring a chemistry with them that will help make the team and the company successful. To attract top talent, companies need to use creative ways in their recruitment efforts. 

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Core customer should always be the most important word in your business vocabulary. Because it is the life blood of your company.  Therefore, you should constantly be asking: Who is my customer? Where is my customer? How do I reach my customer? Moreover, these are building blocks not only for your marketing strategy, but also for your One-Page Strategic Plan (OPSP).

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Branding is all about owning a piece of the mind-space of your target market, whether it’s in your local neighborhood, an industry segment, or the world.  As a senior business leader, you must identify the words you own. What are the words that come up in the minds of your core customers when they think about your brand?

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