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Ask Mackey Episode 5 | 2018

By | 2018-05-09T17:22:19+00:00 May 9th, 2018|Categories: Business Wise|Tags: , , , , , |

Entrepreneurs are born with a “Fire Now” gene. The Ready and Aim of it all is lost on us. The good news is we are wired for action.  The bad news is we often fail to think through the unintended consequences of our action or take the time to gain consensus with our team. Some of [...]

Planning Is Everything

By | 2018-05-03T20:02:29+00:00 May 3rd, 2018|Categories: Business Wise|Tags: , , , , , |

Entrepreneurs are born with a “Fire Now” gene. The Ready and Aim of it all is lost on us. The good news is we are wired for action.  The bad news is we often fail to think through the unintended consequences of our action or take the time to gain consensus with our team. Some of [...]

Garbage In, Garbage Out

By | 2018-04-26T14:04:06+00:00 April 25th, 2018|Categories: Business Wise|Tags: , , , , , |

The concept of garbage in, garbage out is used in computer science when flawed, or nonsense input produces nonsense output or “garbage”.  I use this phrase a lot when I am working with clients on analyzing and improving accounting procedures.  If you do not have the proper procedures in place you will not get the data [...]

Ask Mackey Episode 4 | 2018

By | 2018-04-12T15:21:45+00:00 April 11th, 2018|Categories: Business Wise|Tags: , , , , , |

It is easy to talk about accountability and responsibility when it relates to others.  When you turn the mirror on yourself, it can be painful. Our cultural norms are to look outside of ourselves.  For validation, for blame, for comparison, for finding our place in the world.  But the power shift comes when we begin to [...]

Holding Yourself Accountable

By | 2018-04-05T19:06:14+00:00 April 4th, 2018|Categories: Business Wise|Tags: , , , , , , |

It is easy to talk about accountability and responsibility when it relates to others.  When you turn the mirror on yourself, it can be painful. Our cultural norms are to look outside of ourselves.  For validation, for blame, for comparison, for finding our place in the world.  But the power shift comes when we begin to [...]

What’s The Value?

By | 2018-03-27T16:28:01+00:00 March 27th, 2018|Categories: Business Wise|Tags: , , , , , |

We are a society obsessed with finding a “good deal”, which is why customers today place such a heavy emphasis on pricing. This leaves the business owner with plenty of questions: What should I charge? What profit will I achieve at $x price? How much is too much? Pricing has traditionally been reliant on a more [...]

Is It Your People or Your Process?

By | 2018-03-14T14:29:10+00:00 March 14th, 2018|Categories: Business Wise|Tags: , , , , , |

When there is a problem with quality, timeliness, or efficiency in a small business environment, it is often thought of as a people problem. I believe this is due to the fact that many small businesses have one person per role. There aren’t enough data points for an owner or leader to know the system is [...]

Analyzing the Good Stuff

By | 2018-03-21T20:13:04+00:00 March 8th, 2018|Categories: Business Wise|Tags: , , , , , |

When I set a clear intention, the universe always conspires with me to help me create it.  That’s the good news.  The other news is the help often comes where I am least expecting it. At Mackey Advisors we have been on a path of learning how to see our services through the eyes of our [...]

Cash Is King!!

By | 2018-02-22T21:20:07+00:00 February 22nd, 2018|Categories: Business Wise|Tags: , , , , , , |

“Cash is King” is an expression that is widely used in analyzing businesses.  Why is it something that you, as a business owner, need to manage?  Well, without cash you could not do the things required to stay in business, for example, purchase inventory or pay your employees. A lot of business owners only concentrate on [...]

Change is Hard. 4 Ways to Make It Easier

By | 2018-02-21T15:07:31+00:00 February 20th, 2018|Categories: Business Wise|Tags: , , , , , |

My favorite W. Edwards Deming quote is “It is not necessary to change. Survival is not mandatory.” If you work in an entrepreneurial business like I do, then you know that change is a constant. Some changes are big, like adding a new service offering. Some are small, like leveraging an existing technology to streamline a [...]