by Jim | Jun 7, 2022 | Managing
Applying the TOTE principle to business. In personal development work, the TOTE principle is an iterative problem-solving strategy using feedback loops. This principle can be applied equally well to business. The First T is for Test. Test the environment and identify...
by Jim | Jan 17, 2020 | Managing
The financial management capability of Irish SMEs varies significantly. I have been working with many Irish SMEs over the past 20 years. During this period I was helping them to assess and improve their financial management capability. Over time, I have observed a...
by Jim | Jan 3, 2020 | Managing
Have you ever been presented with a set of accounts where you get unexpected financial results? It’s really frustrating. Maybe you’ve had a very busy period with strong sales and you are expecting to see a very healthy profit in your accounts. In contrast, you have...
by Jim | Mar 30, 2017 | Managing
One of the most common problems for self-employed people is achieving or maintaining a good work/life balance. I recently had a client who was finding that he was overwhelmed by the amount of work that had to be done and was seriously considering pulling back from the...
by Jim | Mar 10, 2017 | Managing
Do you know much it costs you to open your doors in the morning? Thats the easiest way to predict your business costs. There is a friend of mine, a retired banker who describes business owners in control of their business as ‘they know exactly how much it costs them...
by Jim | Dec 16, 2016 | Managing
In one of my recent blog posts, I mentioned the need for a business to create an annual budget. One of my readers contacted me, saying “I don’t really know why I’d need a budget if I’m already doing the basic bookkeeping”. So, in this post, I’m going...
