In small, growing companies, the CEO is usually the founder. The founder is the one who conceived of the business idea, took the risk, and got it going. Founders come from all sorts of backgrounds. They could be engineers or developers who took their innovations to market. Or they could simply be anyone who has […]
Company Culture
How would you define your company culture? Is it one of trust and integrity? Do your co-workers look forward to coming to work? Do your customers feel well cared for? Is there the impression that senior management truly cares about its co-workers and its customers? Company culture, as a concept, was something I thought very little […]
Lean Accounting: Should Your Company be Doing It?
What is “Lean Accounting”? It is the dedication to essential accounting purposes, while at the same time spending as little as possible on accounting functions. Its core principles include minimal resource usage, maximizing cash flow, enhanced financial analysis, and rapid reporting. I’ve preached for years that most companies spend way too much on the accounting […]
Alternative Business Management Gone Awry
In my last blog, I described the best form of company management, which that of “benevolent dictatorship.” I will now discuss a case study of an alternative form of management, and how it went awry. It may surprise you to know that there are enterprises that offer consulting in the implementation of alternative forms of management. […]
The Best Form of Company Governance
As we move further into the new millennium, we are more aware than ever that innovation is key in staying competitive and profitable. Many companies are tempted to experiment with innovations in company culture and management structure as a means of gaining a competitive edge. Be clear, there is a big distinction between company culture […]
Confident Bookkeepers: Don’t be Fooled
Most bookkeepers do not have the necessary education in accounting to produce reliable financial statements. Additionally, few have little concept of good internal controls, nor do they understand the necessity of it. Yet, many business owners blindly place confidence and trust in them. It is easy to understand why this happens; most people are intimidated […]