Keys to Performance Metrics -Graphical Dashboard
With a 12 month rolling metric any change in slope is significant because a current month replaces a past year month. Any change represents a change in the month’s activity rather than waiting for YTD to get to the 4th quarter.
Collaboration and Teamwork – Mr. Harutos Zen Garden
Your work performance is greatly enhanced when you allow yourself to want to change for the good. It is also important to avoid those situations that put you in the direct path of a confrontation. Steer your team away from focusing on the problem, and ask them to work toward a positive pro-active approach instead. You know the problem, and you need to help guide your team(s) to constructively move toward a goal. Discover what unknowns might have been overlooked, and learn from them. But do not allow negative thinking to bring your team down.
Build Value for High Exit
Build Value for High Exit – Financially, Operational and Strategically: Let’s say I am a startup, what’s my cost of capital? 20-80%. Growth rate? 15-40%. Mature companies? 10-25%.
That can create a large error. Before and after-tax rates. If you don’t use the right rate, that creates an error. This one, most people don’t know nor have heard about. Does anybody not want to be in business longer than 5 years?
Rolling 12 Month Graphs
A 12-month rolling metric tracking system can work on most performance metrics. With a 12 month rolling metric any change in slope is significant because a current month replaces a past year month. Any change represents a change in the month’s activity rather than waiting for YTD to get to the 4th quarter.
Common Valuation Errors
A business valuation typically uses five years of financial data but the business may operate for another 20 years. What credit do you get for the 6-20 years out in the five-year business model? NONE!
Errors occur when a five-year discount cash flow is analyzed without consideration, for an ongoing business. To consider the future operation, a terminal value is calculated. If you use Before Tax Financial data with an After Tax Discount Factor, it will create a large value-over-statement error.
With the same example above data points of $500k to $1.4M benefit stream, if you mix before tax financials with after-tax discount factor it could create an overstatement of value, of $1.8 Million.
Connected – Internships for Teens
Companies that allow youth to shadow and lay hands on a portion of a project – is the best education ever. It builds self-esteem, it’s engaging, and keeps youth motivated to return to your business or organization summer after summer until graduation.
Another way to help is to provide scholarships within a specific field that match your company’s goals and helps you retain this new trusted employee. Offer training packages if youth will sign on with your organization after college. There are endless options, if you really want to retain an employee and help foster their careers.
Productivity Pyramid ® and Systems
The rule of thumb is if you lose an “A” performer, it takes you 3 years of salary to get them back. Your management team is important as long as we go to the next step which is Scalable. Scalable means you can take your system and it can be duplicated in other cities or other areas. You’ve got a system. If this: Goals – Coaching – Accountability – Reward system is implemented employee productivity and company profits will soar.
Performance Enhancement Concepts
Try to incorporate all of the characteristics used in my last article for a good coach. Employee Performance/Productivity Monthly Coaching Dreading those annual reviews? Looking for a better solution? Productivity Pyramid ® Annual Employee Reviews – Why They Don’t Work – And What You Can Do. PRODUCTIVITY METRIC
One way to track the progress of the productivity increase is to create the Productivity Metric. Track monthly by department, division, and company. Go back three to five years and see what is was before and then continue tracking the goals – coaching – accountability – reward system is implemented
PRODUCTIVITY METRIC : = REVENUE/FTE
Boy Scouts – Leaders of Tomorrow
Your Donation to these youth shows your own appreciation for their service, no matter how young they are. Your change can change lives. Your change can make a change. Fundraising is the gentle art of teaching the joy of giving. – Henry Rosso
When we give out of our own business resources, we are helping to be a part of a change in the world, even if it is only in our own back yards; our own communities. Most business owners do not give because they have too, they do it because of the way it makes them feel when they do it. Knowing that their donation to a worthy cause might help make things better for someone else who is struggling in their community, has its own intricate value. Once in a while, we even give out of our own needs.
Improve Value & Performance with a Business Valuation
Valuation is a simple term to define; it is the process of estimating what something is worth. This could refer to you personally, your business, or even a patent. In finance, valuation analysis is required for many reasons including tax assessment, wills and estates, divorce settlements, business analysis, and basic bookkeeping and accounting. Since the value of all things will fluctuate over time, valuations are as of a specific date. Valuations do not last forever; you will need to get them whenever a big event comes up. Remember value always changes.
Reoccurring or Recurring Revenue
Reoccurring or Recurring revenue occurs when a company is able to resell products or services repeatedly to the same customer. If you sell an asset try to sell a consumable product or maintenance contract along with the asset. Reoccurring or Recurring revenue occurs when a company is able to resell products or services repeatedly to the same customer. If you sell an asset try to sell a consumable product or maintenance contract along with the asset.
80/20 Customer “Gold Program”®- Performance Improvement
80/20 Customer Gold Program®-Performance Improvement: You have a customer base that is an absolute gold mine. If you wait for them to call in, you are losing probably double the revenue that you could have.
Keeping The Christmas Traditions Alive
The history of Christmas has a long and winding past, through generations, continents, and cultures. For the history buffs, it’s a study they enjoy. We have Christmas cards, poinsettias, mistletoe, and of course the Christmas Tree. Christmas Tree? Where did we get a tree? And why do you use it? Who first discovered its use?
Productivity Pyramid® To Improve Performance
Have you ever had a good COACH? This often occurs on an athletic team. What are the characteristics of a GOOD COACH? Productivity Pyramid® Nate, Portland, OR will implement this concept to improve performance. He learned other key business concepts from Dale Richards’ presentation on Business Valuation Principles – How to Increase Your Business Value, Financially, Operational and Strategically.
Business Valuation Basics Washington CPA Tiffany Couch
If your company is getting to the stage where you want to buyout a company or maybe complete a merger. You will need a valuation. In finance, valuation analysis is required for many reasons including tax assessment, estates, divorce settlements, business analysis, and basic metrics on business performance. Since the value of all things will fluctuate over time, valuations are as of a specific date. Valuations do not last forever; it is recommended that a business valuation be completed every two to three years or whenever the need arises. Remember value changes.
Elements to Increase Value Part VI
Year-to-Date (YTD) financial statements are almost useless until the 4th quarter. Year-to-Date (YTD) financial statements are almost useless until the 4th quarter. Almost all financial software programs have YTD as their standard. A much more effective tool is a 12-month rolling history which can also be used to create a 12-month budget monitor.
A 12-month rolling metric tracking system can work on most performance metrics.
How Will Your Company Give Back This Holiday Season
Sometimes the greatest need is fulfilled in the act of giving itself. Connect with worthy causes, it can be done even on a small scale and can translate to part of your brand identity. If you connect to worthy causes you help build trust and a sense of community. You also help build brand loyalty by reaching out and helping with shared concerns.
There are any number of ways one can help, whether it’s with oversized checks or shoeboxes filled with gifts, there is always something that can be done for those less fortunate. Research through the internet revealed a list of 30 ideas that others have shared and used to help promote like-minded causes during the holidays.
Part V – Elements to Increase Your Company Value – Financially
Cash Flow: If there is a negative cash flow, you feel sad and wonder where it went. If you have positive cash flow then you smile but a monthly view is not very effective. If you graph cash flow and all of its elements, such as, A/P, A/R, Inventory, capital expense, bank accounts, etc. for the last two years, it becomes much easier to project 12 months into the future and see trends that may have happened in the cash flow area.
After Hurricane Matthew: Employee Volunteer Programs
Employee Volunteer Programs. There are always ways to help even if you are not part of, or your company does not have an employee volunteer program.
The American Red Cross For those who want to volunteer by donating blood. Please donate where you are, in whichever state you reside. There is always a need.
Emergency Management Services Check into the services nearest you and see where you can help.
For those who are inclined to deal with ongoing humanitarian needs around the world please check out this website Top Humanitarian Aid Needs
Part IV Increase Company Value
You can use account payables (A/P) as a means of financing for your business. You can usually go to 45 days and no one will scream at you. SECRET: Invoice your statements with the date that is 10 days from the date of the invoice.
Common Sense – Work and the Professional Volunteer
Part IV Increase Company Value. Listing your goals and identifying causes that match your organization is called strategic planning. You have to think in terms of “how can this cause benefit my organization and give me a personal outlet to express myself”? It is true that your personal time is your time, but if it involves doing things that disrupt the company image – you might want to switch causes, or at least tame it down a bit.