Category: Insight to Business

How Institutions Survive


Never give a problem to someone who will be harmed if they solve it. If you do this, the organization or department tasked with solving the problem, will make the problem bigger and harder to measure. That is how they can justify their continued… Continue Reading “How Institutions Survive”

Invisible Works


Mark Carney, governor of the Bank of Canada recently resigned and moved to the Bank of England as their governor.  The most common response to this news, was, “Who’s he?”  That speaks well for him. If you are a referee, umpire, manager, parent, spouse,… Continue Reading “Invisible Works”

Employee Count


40 years ago, I moved to a new office in the accounting firm.  A year or so later, I happened to run into a former client whose business had been growing quickly when I left.  I asked, “How many people are working for you… Continue Reading “Employee Count”

Qualitative vs. Quantitative Growth


Every business has a right size. Probably several. You should discover these sizes and work towards them.  Size is an important element of strategy. Right-sized businesses are efficient. The overhead matches the output required. Near full utilization with a cushion. Quality is tested and… Continue Reading “Qualitative vs. Quantitative Growth”

On Delegation


If you can have only one skill, pick the ability to delegate effectively. It will save you the most time and free you to do the things you do best. Many, if not most, people think “to delegate” means “to assign tasks.” Delegating is… Continue Reading “On Delegation”

What Is “Insurance Poor”?


Anyone can be insurance poor. Maybe everyone is. You could be insurance poor by paying too much premium each month. Or, it could be your future self or estate who is insurance poor because the claim received because of your death or disability is… Continue Reading “What Is “Insurance Poor”?”

Three Numbers Matter


All important management occurs on the margin. The rest is administration not management. On the margin, management decides when and how to change. One important measure of change is by the numbers. In businesses there are three important numbers. None, few and many. A… Continue Reading “Three Numbers Matter”

Half The Advertising Money Is Wasted!


“Half our advertising money is wasted,” is a common whine. There are four problems with that. Nobody knows which half, It is not the same half all the time, It is not the same half in all markets It is not the same half… Continue Reading “Half The Advertising Money Is Wasted!”

Mike Caro’s Law of Loose Wiring


Mike “The Mad Genius” Caro is a professional poker player, theorist, author and casino executive. His “Law of Loose Wiring” serves him well at the table and it is workable for all of us in other places. Its definition is: “When choices are not… Continue Reading “Mike Caro’s Law of Loose Wiring”

Dealing With Professionals


The real world changes too fast and it is too complicated to know everything you need to run your business or your financial plan. You need skilled help.  Accountant, lawyer, banker, investment adviser, and financial planner are the common ones. The problem is finding… Continue Reading “Dealing With Professionals”

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