Fiscal Doctor

Dramatically Accelerate Correct Fiscal Leadership Decisions!

business plan

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Goldilocks and the Three Lists of Business Priorities

In the classic children’s story, Goldilocks, hungry and under duress, enters the house of the three bears searching for a bowl of porridge that is heated to her liking. As a leader in your organization, you too must find the right balance. Where does your organization place its attention?

When Goldilocks samples the first bowl, she finds the porridge “much too cold.” An organization with a blank list of key priorities is like a ship without a rudder – simply at the mercy of every wind and current that comes along.

Goldilocks moves on the second bowl. She finds the gruel “much too hot.” Practically speaking, an organization which replaces zero priorities with a hundred priorities still has no priorities. Running around with your hair on fire doing a hundred things may give you a sense of urgency and importance, but in a world of limited time and resources, this will not allow you to get the job done.

An organization can’t be all things to all people. You should concentrate your organization on five to seven key but manageable priorities As Goldilocks finds in her third bowl of porridge, you may find that focusing on just a few key priorities “just right.”

I look forward to continuing our relationship in the next year and beyond, and also look forward to your success stories by implementing these upcoming year strategies.

Sincerely, Gary

Or is there a focus?
Or is there a focus here?

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How to Create the Modern Business Plan

Every entrepreneur or small business owner knows he/she needs a business plan, but it’s no one’s favorite part of finally pursuing your dream. As a result, most small business owners never get around to putting together a plan, and a year later their visions and their businesses have stalled. Four out of five small businesses will fail, but you improve your chances of being the one that succeeds when you take the time to develop and create an effective business plan

But where do you start? There are countless blog posts and articles on the web about how to create a business plan. There are even some that say you shouldn’t create a business plan. How do you know which strategy to trust?

Trust the people who have built successful small businesses.

On Wednesday, June 15, at 2 pm EST, Grasshopper is hosting a Fireside Chat event, “How to Create the Modern Business Plan for your Startup.” Registration is open and free at http://grasshopper.com/firesidechat/.

These live, online events bring together small business experts and successful small business owners/managers to discuss strategies and ideas that will actually help entrepreneurs. Red Rocket is excited to sponsor this Fireside Chat, which will explore:

  • What factors should be present in every business plan.
  • When you should get a patent.
  • What story an executive summary should tell.
  • What to include in industry and company analyses.
  • What goes into an operations plan.
  • And much, much more.

Guest panelists for this roundtable will be:

Jesse Lear, the Co-Founder of VIP Waste

Grasshopper is a Massachusetts-based brand that provides a virtual phone system that helps entrepreneurs sound more professional and stay connected from anywhere. Founded in 2003, Grasshopper now serves over 150,000 customers.

FiscalDoctor exists to translate tested business insights into success and growth for your business, which is why I am excited to co-sponsor Grasshopper’s Fireside Chat event, “How to Create the Modern Business Plan for your Startup.” This free, online event will take place Wednesday, June 15, at 2 pm EST.

The event is a live, roundtable discussion that will explore the structure and content of a modern business plan, how to write it, how to turn it into practical action, and much more. If you are an entrepreneur or small business owner, you won’t want to miss this opportunity to hear from successful small business managers. If you’ve been putting off that business plan—this is your opportunity to knock it out of the park.

Registration is open at http://grasshopper.com/firesidechat/.

risk assessment to uncover opportunities to accelerate and risk to minimize
risk assessment to uncover opportunities to accelerate and risk to minimize

 

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Board members aren’t prepared for a crisis – comment posted

Economia has a provocative article posted asking which companies are not prepared to handle a crisis

http://economia.icaew.com/news/february-2016/companies-not-prepared-to-handle-crisis?success=anonymous#comments

My post asks?

How much of this do you think comes from the now almost standard policy to “do more with less” which saves money up front, but can cost much more later?

Could these results be created from decisions made which (1) limit funding for the risk management / internal audit initiative, (2) too sharply limit the scope up front, or (3) limit funding to have in-house experienced enterprise risk management and operational risk management expertise in the team deployed?

The good news is that report spotlights a not too unexpected result, which at least starts the discussion toward a solution. You may be pleased to learn there are passionate experts out there, including myself, who love to spotlight Million Dollar Blind Spot© risks in time to be addressed and tackled.

Call the FiscalDoctor at 678-319-4739 to talk about your specific situation. www.FiscalDoctor.com or for an ebook / workbook free link on Getting Governance Right

http://www.expertclick.com/NRWire/Releasedetails.aspx?id=76790

Consider the value when you: Find your blind spot before it finds you.
Consider the value when you: Find your blind spot before it finds you.

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Fiscal Clinic Wealth Roadmap Download

Glad to share this 3 minute self assessment for you to add value to your equity and business. It is meant for leaders who are looking to improve sustainable profitable growth- helping you grow top line revenues, keep more of the bottom line or just make life more fun.

Consider this a self directed strategic workshop you can review offsite instead of a full blown enterprise risk management overview, risk management assessment, or even a business assessment.

Fiscal Clinic Wealth Roadmap

A related more corporate 5 questions self assessment where you can email me a note is available at https://fiscaldoctor.com/fiscal-quiz/

Or call me at 678-319-4739 to briefly pick my brain.
 

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How to Manage the Global Business Plan

Welcome, I’m Gary Patterson, the fiscal doctor. Today, we’re going to talk about how the global business plan. Think of this simply as global operations require some different changes from if the situation that if you only operated in one country and what are the biggest issues in this? The first one is just the issue of to what extent do you standardize across the globe as a whole versus where do you say there are differences we need to make sure of to meet ethnic cultural different situations. The second item becomes our friends at the Internal Revenue Service because pricing between entities transfer pricing and taxes are always huge and the third issue on this one becomes the issue of how will you do the really best you can on marketing because if you had 50 marketing programs for 50 countries, not very effective. So balance between what you need to do globally because the up side in the opportunity is that the US is only a small part of the world. Thank you for joining us today.

http://smallbusiness.chron.com/manage-global-business-plan-78095.html