Archive for March, 2006
The Hidden Costs of Employee Turnover
Mike Ullman, the CEO of J.C. Penny since late 2004, estimates the company has saved over $400 million annually by implementing programs to reduce the turnover of valuable talent. Mike has further quantified this cost per employee leaving. Each one costs J.C. Penny about one third of that employee’s annual salary to replace. If J.C. [...]
Blogging Is An Essential Part of Business Development..Do It Right
Blogging is a communication tool that will help your business if you follow a couple basic guidelines. The majority of blogs on the Internet are free services. The most popular one is Blogger by Google. I started blogging with a Blogger account and still have an active account. However, a number of blogs that I [...]
The General Motors Financial Staff Skipped Accounting 101
Don’t Worry, The Multi-millions Spent On Accounting and Board of Director Leadership Are Undoubtedly Well Spent. I can’t wait for The New York Times Best Selling Book in the fiction category titled “How General Motors Did Not Know They Were Screwing Up Their Numbers” This began, according to the press, in 2000. What about a [...]
Cash Is King: If You Are Out of Cash, You Are Out of Business
Cash is the ultimate thermometer. The closer you get to $0.00, the more you sweat and the colder your business becomes. When you hit $0.00 for any length of time – you’re business is dead. If your business is struggling, you are living the stressful impact of little or no liquidity. Even if you are [...]
Your Business Plan Could Be Worthless In A Second
Assuming You Have One, Your Business Plan Is Worthless Unless You Have Addressed This One Threat: If you have an updated annual business plan and a management system in place to monitor the progress against that plan, you are in the top 10% of all companies operating today. Even if like most owners, the plan [...]
Discover Three Programs Convenience Stores Can Implement Right Now and Win The Market Wars With Specialty Product Stores Like Starbucks and New Format Stores.
The key to success is winning customer loyalty before your competition has a chance to change buying behavior. How do you do that? Every retailer reading this article already has the answers. This short report will review those answers and provide a roadmap for implementation. Roadmap To Successfully Compete With Specialty Stores and New Competitors: [...]
Increase Restaurant Revenue With Controversial Ads: CKE Filmed Paris Hilton
Have you seen the Paris Hilton ad for Carl Jr’s Too Hot BBQ $6.00 burger? I have and I received it as a link in an email from my brother. Did I watch it? Yes and in addition to the very nice visuals I noticed there is a link for a screen saver, photos you [...]
Section 404 of Sarbanes-Oxley Should Not Be Exempt For Smaller Companies
Section 404 of Sarbanes-Oxley Should Not Be Exempt For Smaller Companies Section 404 should be expanded to include privately held companies with bank debt. Section 4040 should be modified for smaller companies to delete the requirement for external auditors to attest to management’s report. Background: What Is Section 404? From the SEC’s Final Report: “SUMMARY: [...]
Develop A Customer Data Base, Communicate With Them And Beat 85% of Your Competition!
Maybe you don’t want to work that hard, or maybe you have been burned by consultants or maybe you already have a measure of success. No matter what position you are in, if you Do This One Thing you will beat 85% of your competition. If you are in the 15% category already, please email me with a sentence or [...]
