Productivity Tip | 4 Ground Rules to Make Sure You Reach the Summit

Break the impasse. Reach the Summit.

Too often we set these BHAGs (“Big Hairy Audacious Goals”) but don’t create the milestones and timelines that give us a chance of achieving them. Put these 4 Ground Rules into action to make sure you reach the summit. 

Set up Base Camps to Reach your Goal
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Today is one of those occasions when I’m not sure what this article is about … so I’m going to let you decide.

[pullquote]“Thankfully, perseverance is a good substitute for talent.” — Steve Martin[/pullquote]

Is it about resolve, our ability to persevere, to vigorously pursue an idea, uncover its value to our business and set out to relentlessly apply it?

Or, is it about execution, our ability to follow proven processes to implement sustainable change in our business?

Didn’t Mom teach us to take small steps?

It was probably our moms who first taught us to break down a big task … like cleaning our room … into smaller steps, like “hang up your jacket, put your shoes in the closet,” so that we would ultimately accomplish the bigger goal.

Did we need that coaching because we hadn’t resolved to do it in the first place and mom was on to us?

Or were we so overwhelmed by the enormity of the task that we didn’t know how or where to start? (more…)

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Read more about the article Business Finance | What’s the value of my company?
The Big River series is a 12 part installment about a company desperately seeking cash to fuel their growth and the struggles they face trying to find it.

Business Finance | What’s the value of my company?

A Weekly Business Finance series for Non-Finance Executives!

“Financial Adrenaline” is a term we love around here because it reflects our commitment to help you turbocharge your business with practical tips and techniques to improve free cash flow, the lifeblood of business. As a further extension of our Financial Adrenaline program, we’re going to share a new Business Finance Tidbit every Wednesday specifically for those business executives who don’t have a finance background. Our current Big River series started with We’re Making Money. Why are we broke? … then No Cash? Can we borrow what we need? and What if our loan collateral doesn’t cut it? Last week, we talked about the need for outside investors.

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“All intelligent investing is value investing — acquiring more than you are paying for. You must value the business in order to value the stock.”

~ Charlie Munger

How important is valuation?

John Wilson, CEO of Ace Business Stuff, spent the last few weeks preparing for his meeting with Lary Blogger. He called a few days ago to follow up on his recent conversation with his attorney, Frank Lee Documents, when they spoke about investors, DilutionA reduction in earning per share of common stock that occurs through the issuance of additional shares or the conversion of convertible securities and ValuationThe process of determining the current worth of a company. An analyst valuing a company may look at the company's management, the composition of its capital structure, prospect of future earnings, and market value of assets. Judging the contributions of a company's management would be more subjective, while calculating intrinsic value based on future earnings would be an objective technique..

Valuation is the bedrock for investors

“Hi, Lary. I appreciate your coming by to meet in person to talk further about some of the issues we discussed a few weeks ago. Can we talk about valuation first, since that seems to be the foundation for conversations with prospective investors? (more…)

Continue ReadingBusiness Finance | What’s the value of my company?