In my experience, poor financial management is what causes most underperforming small businesses to fail or not achieve their objectives. Often it is a lack of understanding of how basic business finance works that inhibits owners and leadership teams. You need to fully grasp what makes your economic engine work to make the right investments and calculate appropriate risks.
Improving the financial literacy of your leadership team can provide significant benefits to your small business, including better decision-making, improved financial performance, and increased strategic alignment. Here are 20 ways to increase the financial acumen of your organization: Provide financial education: Provide your leadership team with financial education resources such as articles, videos, webinars, or
It has certainly been an interesting time to be a in a business leadership position these last few years. Every time you thought you had something figured out a new challenge arose. It was hard enough dealing with COVID-19 then we had to deal with a broken employer-employee model. In addition, economic conditions have been
Courage still matters in business and in life. Many of us avoid the difficult decisions or talk ourselves out of taking risks. We strive for comfort where only pain and discomfort exists. It’s better to bet on yourself and your business and accept the consequences then to live in someone else’s shadow or become another fish in the pond of mediocrity.
Tony Robbins
Read moreBernard Marr
Read moreMihir A. Desai
Read moreYou wrote a business plan to launch your company. To say goodbye to it, you need an exit plan to get the maximum possible return and to limit any future exposure to what happens to the company after your departure. But years of experience teach you that nothing in business is predictable — and that’s […]
Read moreInvestors have poured billions into AI-related companies, but adoption is moving slowly across American firms. According to the Census Bureau, just 5% of American businesses have used AI to produce goods and services over the last two weeks, highlighting that market enthusiasm is not yet matching the real economy. Despite this slow progress, AI has the […]
Read moreFor years, the simple answer was that the CFO leads a company’s finance function. But the role has expanded tremendously. Today’s CFO is a key colleague across businesses and functions, and is the CEO’s strategic partner in maximizing value creation. The CFO helps with shaping portfolio strategies, undertaking major investment and financing decisions, and communicating with […]
Read moreThis is a platform that provides valuable insights and analysis specifically tailored for mid-sized businesses. The site covers a wide range of topics, including market trends, investment strategies, industry challenges, and leadership tips, all designed to help business owners and executives in the middle market grow and succeed. It’s a great resource for staying informed […]
View moreKPI.org is an online resource for KPI practitioners sponsored by the Balanced Scorecard Institute (BSI), a Strategy Management Group company. BSI provides consulting, training, and professional certification services to commercial, government, and non-profit organizations worldwide. BSI specializes in helping organizations: Become a high-performance organization Increase focus on strategy and results Improve organizational performance by measuring what matters Align the […]
View moreThe CPI inflation calculator uses the Consumer Price Index for All Urban Consumers (CPI-U) U.S. city average series for all items, not seasonally adjusted. This data represents changes in the prices of all goods and services purchased for consumption by urban households.
View moreCreated by Ray Dalio this simple but not simplistic and easy to follow 30-minute, animated video answers the question, “How does the economy really work?” Based on Dalio’s practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, […]
Ed facilitates panel of successful Maryland-based CEOs (for Founder City) to share their experiences as a founder and offer some valuable lessons learned for others who are following in their path, or are already in the midst of their own journey.
Ed’s books on Leadership, Life and Business will elevate your knowledge and give you the confidence to apply it to your personal and professional life.