When we sit in meetings there is a moment when someone uses one of the old saws below. As these are heard so often, they are usually ignored, but today we will consider their truth and try and throw in the odd business tip.
Another Day, Another Dollarlways be on the lookout for another dollar. It can be revenue. It can be cost savings. At the end of each day ask yourself "where did I make my dollar today?".
Low Hanging Fruit
Quick, easy and instantly rewarding defines low hanging fruit. For example, how about get your receivables in on time. Speaking of receivables, a quick phone call will bring better results than e-mails. Hard to do sometimes, but you need the personal touch.
Measure Twice, Cut Once
Obvious right! Then why don’t you do it? How many times do you look at an Excel spreadsheet prepared by someone else and it is wrong and the reason is obvious. Excel is fickle. Check your work, include checks and balances, and please remember Excel does not substitute for common sense and it has no gut feel for the numbers.
Assumption is the Mother of All (you complete the sentence)
Assumption is never worth the time you thought it saved. It is the lazy way out. Empiricism is the foundation of decisive action. You can never avoid the risks but do not build your own extra risks in by way of assumptions.
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