Obtaining Operating Information: Crucial For Effective Management

Operating a small business requires a mix of skills and knowledge. However, “control” is the one essential ability that every small business owner requires. Control means the ability to quickly and accurately determine the condition of the business. To often owners is think this means involvement in everything. This is wrong. A major fault of many owners is trying to do too much-wearing too many hats. While many entrepreneurs are experts in their specific business activity, they are often overwhelmed by the reality of the day-to-day operations. Instead of focusing on basic business practices, too many get caught up in the minutia and lose their dreams. The solution is to adopt systems and procedures that provide the essential information about the operation. With efficient systems feeding information, the owner can effectively manage. Without these systems, small business owners will forever feel like there are never enough hours in a day. The owner senses that the business has become a monster- it runs the owner running the business. Efficiently tracking key measures of a business allows a tremendous amount of control that continually surprises many owners.

The Smell of Leather – The History of Rochester Shoe Stores

With things going along so good most owners would leave ‘well enough alone.’ Not Jack Rubenstein though. With an eye to the future he was unsure if he knew what steps to take to assure the continued success and growth of the business. His team of confidants – his lawyer, accountant, and friends – suggested that he talk to a professional consulting firm to analyze his business.

Whenever Jack decided to do something he usually did it first class. He was true to form when he met with Mr. White, a representative of the George S. May Consulting Company. Mr. White explained that his company was international in scope, providing clients with proven business methods for cutting waste, reducing costs, and increasing profits.

Jack said, “Didn’t you leave something out? How about doing more business?”

White said, “Of course.”

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William Fisk Harrah – The Life and Times of A Gambling Magnate

“We grew just as businesses that start with six employees and get to thousands.”

“But on the management end, we still tried to operate the old way and we knew we were spinnin’ our wheels.” It could very well have been Maurice Sheppard’s Daily Report that triggered the notion of rationalizing management: at any rate it was becoming clear that something had to be done if Harrah’s were to be run in Harrah style. There was a problem with that – Harrah didn’t know how to do it. So he did what was coming to be instinctive: “I think I read about the George S. May Company in TIME. They were called ‘business engineers.’
“So we got in touch with them. They came in and they really turned us around. I mean – we were doing so many things just like a bunch of little kids. It’s just what evolved, just hit-and-miss.

“Our chain of command and our management chart – we were just terrible.” Certainly by the time of the business study, Harrah’s was committed to the idea of bringing in consultants on most major decisions. It is Maurice Sheppard’s view that these consultants served a dual purpose. The substance of their reports was important, of course. But they were also there to make recommendations reinforcing decisions that Bill Harrah had already made. In many cases this entailed acting as Cassandra, for surely if there was one part of his job that Harrah hated, it was being the bearer of bad tidings.

“We must have had four or five or six or eight (consultants). We’ve learned (that) every two, three, four years (they) should come in and take a look. “They’re super, and that’s why we are as efficient as we are. We get credit for being very efficient and our accounting system and all that, which, of course, is our doing. But the incentive came from these concerns, these business specialists.”

Introduction
QuickBooks from Intuit Corporation is the most widely used business accounting and management software by small and mid-size businesses. Since its introduction, QuickBooks has increased in popularity. However, the usefulness of QuickBooks depends on one key element – the accuracy of the information that the user inputs. Many small and mid-size business, which are the primary users of QuickBooks, are not getting full value from their investment of money and time because of data input errors. In accurate information in QuickBooks results in inaccurate reports being generated by QuickBooks. These bad reports can result in poor management decisions.

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It isn’t all that unusual to have family ownership of a landscaping and irrigation business. What sets apart the two companies – Bailey Enterprises and Alternate Rain Company, owned by husband-and-wife team Doug and Jackie Bailey of Elkhorn, Neb. – is the fact they began the business in their teens and now it’s more than 20 years old.

Their companies started as Doug’s junior high school mowing enterprise to earn extra money. Today, with an eye toward diligent customer service and a management consultant’s help in organizing the growing business, their operation has become one of the major businesses of its type in the Omaha area. The companies employ more than 25 people in summer. The Bailey companies began as a way for Doug to earn money when he was 13. By the time he graduated from high school in 1979, Doug had his father and grandfather working for him while he was at football practice and his then-girlfriend, Jackie, taking over the bookkeeping duties. Through the college years, getting married, having six children (one girl and five boys), and acquiring three dogs, the entrepreneurial couple has always tried to keep their lives in balance. They use a sharp eye on the business aspects of their lives, while enjoying the pleasures that their hard work has earned them and their family.

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Huntsville, Alabama: Every town needs people like Janet and David Milly. As a business they light the stars; as a passion, they light their town. In this show you will meet all kinds of people who love Huntsville, who love Janet and David Milly, and love the stuff of making their community a great place to live. How does one get to where these two are today? We tell much of this story through David’s eyes. He started early. When he worked in a grocery store, he learned he wanted to be the boss. He also observed a neighbor just a few doors down the street who had started his own business in his garage; it was called SpaceCraft, Inc.. Olin King’s company became SCI and today has 33,000 employees in 19 countries … one of the largest businesses in Alabama.

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Dan Hall went from being janitor to owner of Church Brothers Collision Repair, but it took a little help from his wife, Rhonda, to put the company on top of the auto body world. It takes guts to make light of going to church, especially when making money is the driving force. But to Dan and Rhonda Hall, owners of Church Brothers Collision Repair, live radio spots of local celebrities sanctimoniously testifying before Billy Graham Cracker and billboards preaching “Go to Church” are piddling compared to the risks they’ve shouldered since 1974.

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At Napa Food Center in Napa, Calif., there are, certainly, concerns about turnover of the store’s stock of fresh fruit, meat and baked goods. In reference to employees, however, turnover is a relatively moot issue. In an industry where turnover rates can soar past 125 percent a year in some regions, Napa Food Center is an exception. Granted, the full-service store employs only 17 people and last year lost six of its 14 young employees five to college and one to a better job.

Still, the store earns high praise from the Napa community and especially its employees who are quick to confirm they love their jobs. Most acclaim goes to the boss, Jeff Obranovich, who with his wife, Darlene, owns and operates the 42,000-square-foot store. According to one employee, Obranovich is more than a boss; he is also a mentor, role model and friend. Surely Obranovich hides a secret for instilling job satisfaction and keeping turnover rates low.

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“Of course, what bothers me is that if we really do seek God’s guidance on every day’s activity, on every project” “What you’re saying is a business God runs doesn’t need the counsel of an efficiency expert?” “I guess so, except” “Except what?” “Put it this way,” I tired to explain. “I’m human. Though I try to follow God’s guidance, I’m not immune to making mistakes.” Juanita looked at me but did not comment.

“It’s the stewardship side that concerns me,” I went on. “Every additional hundred dollars we can turn in profit means that much more we can give. I want to be sure I’m not doing things which might hinder profits. Nobody’s pressuring me. We aren’t running into any obvious problems of any sort. But the idea of getting some counsel has been on my heart for some reason.” “Maybe that’s because you should do it,” my wife said. “You’ve always been on your own. You don’t have the usual type of corporation board for counsel. You never had a chance to pick up executive experience from an employer the way many men do. Maybe an efficiency expert could give some helpful suggestions.”.

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