TOTALING FOR PRECISION

This paper seeks to re-assure CEOs that approximate budget figures will provide better accuracy than expected in forecasting.  The accountant or CFO may be uncomfortable with the process but a total of ‘guesstimates’ is magically accurate.  The principle of “Totaling...

Is Business Planning an Answer?

We at CCCC strongly advocate annual business planning. Perhaps this idea is new to you. If so, with reason you might ask, “Why get into planning at my company?” Perhaps you have no complete idea of what planning could offer you or perhaps you feel you don’t need...

The Power of Many

Last week, I conducted a corporate strategy session with 15 people. Each person calculated that they came to the meeting with an average of 5 ideas (namely 75 ideas in total, assuming each person’s ideas were unique). By the end of the meeting, we had over 200 ideas...

Family Or Not?

As a person who is guiding companies, I have faced, over time, quite a few family businesses within our CCCC client portfolio. Most of these situations contained a confrontation stemming from some serious family issues. Is it possible to reduce the family tensions? We...

BARRIERS TO SUCCESS

The early success of any enterprise assures its ability to move forward, to thrive and to eventually prosper.  Unfortunately there are two fundamental barriers to quick success that are based on choices made by the company at its founding and not on how well-run the...

The Greeping Grey Hoard

I travel about once a month and usually pick up one or two books in an airport bookstore to accompany me during long flights. In October, in the Houston airport, I came across “Wake Up America” by Eric Bolling1 which carried a germane message, one that fits in with a...