by Dave Harlos | Dec 7, 2018 | Advisory
Opportunity cost does not show up in your financial statements, but it is something that all businesses should monitor “I can’t afford to hire anyone” – most likely, the reality is you cannot afford NOT to hire someone How much profit does a customer generate? How...
by Dave Harlos | Nov 4, 2018 | Advisory
Do you know the “real” acquisition cost of getting a customer? How much money will that customer generate? Is it worthwhile spending the money/resources to acquire the customer? Be sure to include the full cost – if using sales people or owner, be sure to assign...
by Dave Harlos | Oct 20, 2018 | Advisory
Many businesses operate by the “marginal” principle – If margin is positive, then it is good business – Not necessarily. It depends. (Gross Margin is calculated – Revenue less Cost of Goods Sold. Net Contribution is Gross Margin less other costs...
by Dave Harlos | Oct 10, 2018 | Advisory
How do you climb Mount Everest? The old adage, “One step at a time”, is the only way. The steps are not just the physical steps: Dream/Set Goals, Plan, Execute Dream/Goals Do really want to do this? Passion to achieve? Plan...
by Dave Harlos | Sep 11, 2018 | Advisory
This latest buzz word, has been around since the beginning of the first barter – simply it means any information about your business generate/obtain accurate information trust the information only after vetting process acting on wrong information can be catastrophic...
by Dave Harlos | Aug 9, 2018 | Advisory
Create a business plan Define your Mission Statement; Core Values Strategic Analysis (Strengths, Weaknesses, Opportunities and Threats) Create Budgets and Forecasts Document specific actions needed to achieve budget Execute the plan Be Accountable – measure results...
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