Planning

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What’s your Plan B?

By Anna Masker In standard11th May, 2009

Inc. Magazine had a great interview with Jack Stack, CEO of SRC Holdings and author of the book The Great Game of Business. SRC Holdings is managing well even in this environment—chalk it up to Stack’s constant paranoia and always having a Plan B. Here’s how to develop a Plan B: Be paranoid. Stack is

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Where did all my money go? Having a cash plan

By Anna Masker In standard29th January, 2009

The single most important financial step that business owners must take in 2009 is having a cash plan, also known as a cash flow forecast. Why should you go the extra step and forecast your bank balance? One word– LIQUIDITY. Never in recent history has cash been so tight for businesses. Between late-paying customers, banks

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And they’re off! Setting your strategy for 2009

By Anna Masker In standard7th January, 2009

The beginning of the new year always makes me think of the the start the Kentucky Derby. Some horses eagerly line up, others cajoled, and others are pushed into the starting gates. You can feel the energy and anticipation in the air as the final gate closes behind the last horse. Everyone holds their breath

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Play defense with a good offense

By Anna Masker In standard22nd December, 2008

I am not a huge football fan, much to my husband’s dismay, but I do follow Peyton Manning, quarterback of the Colts. If you have ever watched Peyton play, then you know that he studies the formation of the defensive team and adjusts his plays accordingly, often seconds before the ball is snapped. Similarly, as

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Have a plan

By Anna Masker In standard19th December, 2008

When shopping for some outdoor furniture, I received a recommendation to go to a particular store. When I arrived, I walked into the shabby retail location feeling very unimpressed. However, after speaking with the business owner I found that his retail location resulted in only a mere fraction of his sales and that the majority

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