What could make you? What could break you? Neither should be a straw on the camels back. A company’s Make-or-Break is the one thing your company must do exceptionally well in order to achieve its vision. Your Make-or-Break can be anything. Here are some examples: You are a manufacturing firm that sells your products through manufacturers’ representatives [...]
A 2016 Robert Half report found that 25% of privately held companies share all their financial information with their employees, an increase in 18% from just four years prior.[1] This trend demonstrates that financial transparency is moving from a fringe practice to a mainstream one . . . because it works! Choosing transparency builds a culture [...]
After meeting with thousands of small-business owners in my career, my experience is that less than 2% of them have an annual plan. Yet when I ask clients what stands out about our work together, while each has a different laundry list, they all include the annual planning process as one of the most transformative [...]
Last year, I was helping Colleen, a new client, explore her company’s expansion into the craft brewery business. She had two location options, both of which were very lucrative. One was a dock from an abandoned grocery store—an ideal location for a local watering hole. This location was in Colleen’s hometown, and she could envision herself [...]
When I started my business, I also wanted to begin a family. I made a decision that my role as business owner would be flexible and secondary to my role as mom until my child was in kindergarten. My husband agreed with my intention, and I moved forward, building my business in my home office. By [...]
My team at MACKEY™ took a business that was at a loss of $385,000 in April of that year and by the year end had a profit of $160,000. No, it wasn’t a loan. It wasn’t an unpredictable spike in the economy. It was the result of strategic implementation that was recommended by my team that resulted [...]
Even with slowing economic growth, 2019 proved to be a banner year for both stocks and bonds. Favorable policy developments occurred that helped buffer the global manufacturing recession sparked by the trade war. Key takeaways from the prior year show the U.S. is firmly in the late-cycle economic phase. In the U.S., private investment growth is [...]
