In this episode Tom’s guest is Marilyn Sanford, a serial entrepreneur and a CEDIA Fellow. Tom and Marilyn discusses the differences between bookkeeping system and business operating systems.
Bookkeeping vs. Business Information Systems
Most small businesses hire a bookkeeper to keep track of the details and ensure that the business information is properly recorded, as well, that the financial records are maintained. This does not, however, provide business insights. “Bookkeeping serves as more of a preliminary function through the straightforward recording and organizing of financial information” Note Small firms can rarely ...
Episode 106: Balanced Scoreboard
In this episode Tom’s guest is Marilyn Sanford, a serial entrepreneur and a CEDIA Fellow. Tom and Marilyn discusses using the balanced scoreboard to implement growth.
Balanced Scoreboard
What is a balanced scoreboard? Most people understand scoreboards. For a business it is a valuable tool. It ensures that stakeholders have timely metrics, or indicators, to inform about key business elements, whether within or outside of tolerance. Knowing what metrics to track and getting that information on a timely basis is the key to a meaningful scoreboard. "The framework ...
Episode 100: Dynamic Feedback Loops
In this episode Tom’s guest is Marilyn Sanford, a serial entrepreneur and a CEDIA Fellow. Tom and Marilyn discuss dynamic feedback loops as a way of keeping everyone on the same page and achieving continuous improvement.
Dynamic Feedback Loops
Agile Workflow In 2017, I launched a start-up, LincEdge. My goal was to create a fast, dependable, high quality, source of JIT labour in the Construction Industry. That’s when I was introduced to Agile, which I’d incorrectly understood was confined to software development. Agile is a rhythm of workflow, that is rigid and disciplined and that creates feedback loops ...
Episode 94: Building Communication Pillars
In this episode Tom’s guest is Marilyn Sanford, a serial entrepreneur and a CEDIA Fellow. Tom and Marilyn discuss methodologies to improve communications throughout a company, keeping everyone engaged.
Building Communication Pillars
A sustainable business depends on effective communications. Company values, vision, purpose and mission are foundational. They provide clarity and alignment. However, the Integrity and effectiveness of the foundational principles are upheld through and depend on communications. “When brands test, teach and learn along with employees on the go, you will not only solve the current problem but also future-proof your ...
Episode 88: Why Do Businesses Fail?
In this episode Tom’s guest is Marilyn Sanford, a serial entrepreneur and a CEDIA Fellow. Tom and Marilyn discuss the root causes of why businesses may fail and provide insight on how to ensure success.
Why Do Businesses Fail?
Unfortunately, business failure is common: About 20% of small businesses fail in their first year, only half make it through their fifth year and a staggering 70% of businesses don’t make it past 10-years. As for the remaining, it does not necessarily mean they succeed – it means that they’ve survived. So why do businesses fail? According to Dun & ...