Planes are late often. Passengers miss connecting flights too often. This issue was brought to mind on this week’s trip to and from Boston. I’m an efficiency expert and I was struck with a brilliant idea last night right after I missed my flight home. I am surprised the brilliant industrial engineers and managers at every airline have not implemented this very simple system to reduce missed connections. I can’t believe this idea has not crossed someone’s mind before.
I suspect people will be even more careful, now as the economy begins to recover, how they spend their money. I know I will. Therefore, if we are expecting to make an impact in our niche, the value to our customers must be absolute and tangible.
It occurs to me, in the grand spectrum of enterprise from the solo-preneur to the multi-national Fortune 50 companies, that some of the smaller entrepreneurs are like underdeveloped countries.I’m not trying to be unkind or judgmental.It’s just that our small businesses do not have or use the tools and expertise like the “big boys.”Why not?Why don’t you have clean water and sanitation?No society can flourish without these essentials.
I have a small tribe. Five children, four of them married with wonderful spouses and five grandchildren, so far. My Mom came from a family of eleven and my Dad from a smaller family, only nine. That's eighteen aunts and uncles, then their spouses and then cousins. Every Sunday we were at one grandmother’s or the other. A small home jam packed with people and a table piled high with food. Forget about it! A good Italian tribe spawned in New York City and now spread all over the country. However, most members are still within 100 miles of the Big Apple. So what, you say.
The Wall Street Journal headline today (August 12, 2009), page A2, was “Productivity Leaps as Companies Reduce Costs”. Does that include you?
The US productivity had the highest gain during the second quarter in over five years. Many have been effected by other company’s reducing costs. It may even effect your revenue. Yet, as you work to increase your revenue are you balancing that out by paying an equal amount of attention to the other half of the profit equation? Expenses. Remember, profit equals revenue minus expenses. As Robert Kiyosaki, the author of Rich Dad, Poor Dad has written, it’s not important how much you make but how much you keep. If you reduce your expenses, you can keep more of what you already have. Increasing revenue is not the only answer to increasing your profit.
Planes are late often. Passengers miss connecting flights too often. This issue was brought to mind on this week’s trip to and from Boston. I’m an efficiency expert and I was struck with a brilliant idea last night right after I missed my flight home. I am surprised the brilliant industrial engineers and managers at every airline have not implemented this very simple system to reduce missed connections. I can’t believe this idea has not crossed someone’s mind before.
I suspect people will be even more careful, now as the economy begins to recover, how they spend their money. I know I will. Therefore, if we are expecting to make an impact in our niche, the value to our customers must be absolute and tangible.
It occurs to me, in the grand spectrum of enterprise from the solo-preneur to the multi-national Fortune 50 companies, that some of the smaller entrepreneurs are like underdeveloped countries.
I have a small tribe. Five children, four of them married with wonderful spouses and five grandchildren, so far. My Mom came from a family of eleven and my Dad from a smaller family, only nine. That's eighteen aunts and uncles, then their spouses and then cousins. Every Sunday we were at one grandmother’s or the other. A small home jam packed with people and a table piled high with food. Forget about it! A good Italian tribe spawned in New York City and now spread all over the country. However, most members are still within 100 miles of the Big Apple. So what, you say. 
The Wall Street Journal headline today (August 12, 2009), page A2, was “Productivity Leaps as Companies Reduce Costs”. Does that include you?