Pinch Hit for Pareto
Major league baseball misuses the 80/20 rule, suggesting heretical potential changes on extra-inning games, which might drive length of extra-inning games but not affect other games.
29
03, 2017
19
01, 2017
Partnering for Growth: Tap into the Power of Your Supply Chain
Small and mid-sized manufacturers (SMEs) have a secret weapon: it is easier for them to partner for growth by tapping into the power of their supply chain
5
01, 2017
Back to Basics: How To Make More Money Now
Many small manufacturers ignore the improvement strategies that could improve profits now, while positioning themselves for growth tomorrow. Here is why that is not the best idea.
5
10, 2016
Were You Profitable TODAY?
By Alec Pendleton, Big Ideas for Small Companies How much does it cost to operate your business for a day? I have two companies, a manufacturer and a wholesaler. It costs $34,000 each day to operate the manufacturing company, and $3,200 to operate the wholesaler. Why is that important? It serves as an instant indicator of profitability, and gives me the earliest possible warning of developing problems. The numbers are calculated very simply. They are the total annual cost of EVERYTHING BUT THE MATERIALS WE USE, divided by the number of days the business operates in a year. They [...]