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20 Financial Management Tips For Small Business Owners

Running a small business is as challenging as it is rewarding, especially when it comes to financial management. As a business advisor, I’ve observed many common errors that can jeopardize a small business’s success. Here’s a breakdown of 20 of these pitfalls and practical advice on how to steer clear of them. 1. Maintain Accurate

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Leadership Thought #442 – A Few Basic Truths About Business

Here are a few basic truths abut business to help ensure your success: It all starts with simple math.  The formula is pretty straightforward: Revenue – Expenses = Profit.  You need to sell enough of something and price it properly so that it exceeds your costs of doing business.  Knowingly taking work at a loss

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The Frustrating Business of Healthcare From A Patient’s Perspective

At what point did healthcare become about the less about what’s best for the patient and more about the business of delivering care and maximizing revenues? It’s easy to blame the insurance companies (and they certainly deserve their share of criticism), but the profit motive is certainly alive and well with healthcare delivery professionals. Patients are overbooked and herded through waiting rooms. We get very little time with the actual doctor/dentist and it often feels like they are seeking the shortest/easiest route to a diagnosis.

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    Recommended Reading

  • The Slight Edge

    Jeff Olson

    Book SummaryView the Book

    Why is it that some people make dream after dream come true, while others just continue dreaming and spend their lives building dreams for someone else? One simple reason, those that are “successful” have found their SLIGHT EDGE! This book is not just another self-help, motivation tool of methods you must learn in order to […]

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  • How To Be A Leader

    Martin Bjergegaard and Cosmina Popa

    Book SummaryView the Book

    This book is an insightful guide that delves into the essential aspects of leadership. The book emphasizes that leadership is not merely a position but a choice that individuals make in their everyday lives. The authors argue that leadership starts with personal development, self-awareness, and aligning one’s actions with their purpose. The book is divided […]

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  • Leading with Questions: How Leaders Discover Powerful Answers by Knowing How and What to Ask

    Michael J. Marquardt and Bob Tiede

    Book ReviewView the Book

    In this newly revised third edition of Leading with Questions, renowned global leadership consultants Michael Marquardt and Bob Tiede describe how to ask powerful questions that generate short-term and long-term results and success. They show you how effective leaders use questions to encourage participation and teamwork, foster creative thinking, empower others, create relationships with customers, and […]

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    Favorite Articles

  • The ‘inside out’ leadership journey: How personal growth creates the path to success

    In a new book, four McKinsey senior partners show why leaders must connect with themselves first before they can inspire and empower their organizations.

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  • Lead at your best

    When we think of leadership, we often focus on the what: external characteristics, practices, behavior, and actions that exemplary leaders demonstrate as they take on complex and unprecedented challenges. While this line of thinking is a great place to start, we won’t reach our potential as leaders by looking only at what is visible. We need to […]

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  • Onboarding New Employees in a Hybrid Workplace

    As you’re navigating hybrid work, it’s a good moment to assess how your onboarding processes enable or empower your new hires to thrive. Researchers at Microsoft have conducted and identified studies that suggest that onboarding to a new role, team, or company is a key moment for building connections with the new manager and team […]

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    Helpful Websites

  • Center for Creative Leadership

    Ever since our founding in 1970, our mission has been to advance the understanding, practice, and development of leadership for the benefit of society worldwide. Driven to serve with purpose for nearly 6 decades, we’ve shaped the industry and partnered with leaders globally to take on their most pressing challenges. By expanding human potential, we invest […]

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  • McKinsey & Company – 100 Articles on Generative AI

    Since generative AI (gen AI) burst onto the scene in late 2022, it’s captivated business leaders and society at large. The excitement is well deserved: McKinsey research indicates that gen AI could add the equivalent of $2.6 trillion to $4.4 trillion of value annually—and redefine the way people work and live. Over this period, McKinsey […]

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  • Claude

    Claude.ai is a fascinating AI-powered tool that can help you generate human-like text based on the input you provide. Imagine having a super-smart writing assistant that can help you craft compelling content, summarize long documents, or even create entire articles for you! With its advanced language processing capabilities, Claude.ai can help you: Summarize long documents […]

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    Reading Excerpts

  • A Sense of Urgency – John Kotter

    A Sense of Urgency – Book Excerpt (Click on this link for the Word document)   Chapter 1 – It All Starts With A Sense of Urgency …Go check, then you find people running, and they are stressed out. But this man (leader), and almost everyone else around him, is mistaking the enormous amount of […]

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  • The Truth About Leadership by James M. Kouzes and Barry Z. Posner

    The Truth About Leadership – Book Excerpts   The Truth About Leadership By James M. Kouzes and Barry Z. Posner Book Excerpts   Introduction – The Ten Truths The first truth is that you make a difference. It is the most fundamental truth of all. Before you can lead, you have to believe that you […]

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  • High Performance: Lessons From The Best on Becoming Your Best

    Please click on link to download a copy of this summary   SECTION 1 – HIGH-PERFORMANCE MINDSET  Lesson 1: Take Responsibility He (Albert Badura) speculated that when people don’t believe they have what it takes to complete a task successfully, they would see little point in making an initial effort. When these people did attempt […]

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Interested in learning more about leadership?

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.