Strategic Planning

Continually Improving

2023-04-07T20:31:26-05:00October 6th, 2022|Tags: , , |

As a new father, I found it difficult to consume five hours of family time just to play golf. Twin brothers, Steve and Dave Jolliffe, from the UK, also noted these barriers to golf.   They also realized that new microchip technology could make golf more interesting. In 1997, they courageously launched TopGolf to address these issues.   For twelve years ...

Eliminating The CLowns

2023-04-01T18:58:56-05:00September 7th, 2022|Tags: , , |

Olathe Kansas Fire Chief, Jeff DeGraffenreid, recently shared that part of the fire department’s role is to help educate children on fire safety. Years ago, the Olathe Fire Department decided to use clowns to better engage with the children.   For years, the program was successful, until recently when clowns became viewed as creepy.   Jeff decided to eliminate the clown ...

New Competitors

2023-02-10T21:55:27-06:00July 21st, 2022|Tags: , , |

When I was in banking, we occasionally complained about competing with credit unions and savings and loans. At least they were local, however, and we could compete using a more convenient location.  In today’s world, banks, and most other industries, are now competing with online alternatives. Leaders who refuse to seek counsel beyond their traditional industry consultants run the ...

Preparing for the Storm: Part II

2022-06-29T13:29:51-05:00July 12th, 2022|Tags: , , , |

In this series, we’re discussing preparing for economic storms. With inflation and interest rates soaring and the stock market crumbling, the storm clouds appear to be rolling in.   One of my favorite indexes is the National Federation of Independent Business Optimism Index. Because it’s a survey of small business owners’ perceptions, it has helped predict economic storms.   In ...

Spirit-Led Marketing

2022-05-25T15:44:20-05:00June 3rd, 2022|Tags: , , |

When Jill Donovan, founder of Rustic Cuff’s, launched her jewelry business in Tulsa, God led her to some very creative marketing ideas that worked brilliantly. So, when Jill opened a store in Dallas, she decided to use the same approach with no traditional announcements or marketing.   But customers never materialized. Jill told me she learned the hard way that ...

The Side Hustle Curse

2022-04-04T14:24:15-05:00April 18th, 2022|Tags: , , |

A big surprise many new entrepreneurs experience is their first-year tax bill! For example, a new social media influencer on TikTok receives money from TikTok each month. Many spend that money without considering taxes.   What many new entrepreneurs don’t realize is that the money they received throughout the year isn’t really theirs. A significant percent of money earned is owed ...

Fulfilling Your Promises

2022-04-01T21:32:08-05:00March 30th, 2022|Tags: , , |

During the pandemic, the US Government offered tax credits to help small businesses weather the troubling times. The government, however, seems to have forgotten to plan and fund the additional support the IRS needs to distribute the funds.   Many businesses filed for these credits early in 2021 and have yet to receive any monies.    In business, it’s easy to ...

Changing Loyalties

2022-03-21T11:40:44-05:00February 23rd, 2022|Tags: , , |

As I’ve reviewed dozens of job applications lately, it’s not uncommon to see applicants with five jobs in just a three-to-five-year period. Brevity of time on a job reflects in part our cultural changes to loyalty. There was a time when loyalty was valued by both the employer and the employee. My father was loyal to General Motors for his ...

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