Anchor and Nooses: Two Big Drains on Your Business

Business is a tough game. Continually we need to operate in three areas to ensure we produce consistent outcomes. The businesses we work with are challenged to:

  • Tend to the business. We operate our business daily, tend to the issues and the pressing needs as they arise.
  • Prune the business. At times we all need to prune. Whether it is a process, a product or a person, this is a needed part of ensuring that you obtain the best result and investment is made in what is best in your business.
  • Grow the business. We continually need to look for ways to grow our business. This can be growing your core business or sowing new seeds.

To work these areas, our owners progress through a process to reflect and review. We take them “out of their business” to work on their business. We acknowledge that we all need to be in the business, but we need to have time ongoing to work on the business.

All businesses are unique, however, we find a few things in common. We find most businesses have anchors and nooses. Let me explain.

Anchors

Anchors hold businesses (and people) back. They are wide and varied but the common ones are listed here.

  • A business relationship that takes too much resources relative to the level of business.
  • A product line that the business has emotional investment in, but is now not providing the return for it’s current level of investment.
  • A team that is failing to see the link between sustainable business and their positions.

These are the main three, although we do see more. On every occasion we create a strategy to release the anchor and start the business moving again.

The biggest part is to be able to identify the anchor and work through a process to cut the chain.

Nooses

Nooses are, similarly, an impediment to business growth, but this time the business is impacted by a tightening pressure. Often this is due to the following:

  • Unreasonable supplier or customer terms creating unnecessary pressure on cash flow.
  • Inadequate planning, be it business, financial or marketing which pressure ongoing investment in these areas.
  • Constant complaints from customers on service or product quality.
  • Pro-bono or special consideration business taking resources away from your best customers.

The key, again, is to identify it, and then work to achieve a strategy to reduce the pressure and then eliminate.

Strategy

We work with clients to build strategy to help them gain control and bring growth back to their business. Once awareness is gained from the business owner, the strategy starts to form. Having a fresh set of eyes helping you through this maze.

Some businesses simply don’t ask for help. Often it’s a lack of awareness of the situation and of a feeling of normality, as they have become comfortable with the situation.

It is important to gauge the situation, once you have become aware of it, with a set of fresh eyes. In the words of Einstein:

“We cannot solve our problems with the same level of thinking that created them”

Don’t be afraid to ask for help. We do see pride get in the way with some businesses. Don’t be the proudest person in the morgue.

9 HOT Debt Management Tips

1. Four top tips: Four highly recommended methods for managing debt are to track your expenses, cut spending, pay cash and establish an emergency fund.2. Make timely payments: If payments to your DMP and creditors aren’t made on time, you could lose progress you’ve made on paying down your debt.3. Know the differences: Debt management companies come in many forms, including debt consolidators, credit card companies internal departments (ironically), credit counseling organizations, and settlement attorneys.

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4. Exercise due diligence: Research debt management services very carefully; the FTC has found that some organizations that offer DMPs have deceived and defrauded consumers.5. One-stop shop: Credit counseling agencies advise you on managing money and debts, help you develop a workable budget, and offer free educational materials and workshops.6. Never hurts to ask: A quick call to a credit card issuer often results in reduced interest rates; if not, convey that you’re considering transferring balances.7. It’s up to you: No debt management solution will work if a consumer can’t responsibly handle credit cards and control daily spending habits and routines.

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8. Lose the loans: non-profit community service organizations can often provide confidential financial guidance, free consumer credit counseling services, educational resources, and debt management assistance.9. Helpful articles: Many consumer debt-management companies offer online newsletters with weekly educational tips for balancing your budget, making ends meet, and achieving your financial goals.

The Energy Healing Power of Natural Medicine

Natural medicine is a system that uses a variety of therapeutic or preventive health care practices such as homeopathy, naturopathy, chiropractic, and herbal medicine. Alternative medicine is also known as traditional, naturopathic, natural or holistic medicine. Proponents of alternative medicine are not refuting the validity of discoveries in and the practical uses of conventional medicine, but are merely trying to put some things into perspective. Due to the widespread interest in natural medicine along with the disappointment and disenchantment with Western medicine, many people, especially in the United States and Europe, where conventional medicine has taken a dominant foothold, are seeking the advice and treatment from naturopathic physicians. These practitioners include herbalists, acupuncturists, naturopaths, chiropractors, and others, who advocate preventative health measures as well as recommend wholesome foods and nutritional supplements for their patients and clients. Considering the growing popularity and effectiveness of alternative health treatments and products, certified and licensed professional practitioners of such medical practices should be given their rightful and respectful place in medical society. Natural medicine has been proven not only to be safe, but more effective than Western medicine in treating many chronic illnesses such as diabetes, hypertension, asthma and many other diseases as well

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The history of Natural Medicine and its roots can be traced back thousands of years to ancient cultures such as India and China. Ayurvedic (E. Indian) and Chinese medicine, along with their diagnostic and herbal systems, are still used in these countries extensively, as well as in the United States, especially in Europe, where alternative medicine is well respected. Chinese herbal medicine has a documented history of over 2500 years in China, and is now widely used by practitioners all over the world. It has been legally practiced in the United States. since the mid seventies by licensed acupuncturists. Homeopathy is also a well-known form of alternative medicine discovered in the 18th century by German physician Samuel Hahnemann, but was practically stamped out in the U.S. in the late nineteenth century by the American Medical Association. In 1938, though, the U.S. Food, Drug, and Cosmetic Act finally recognized homeopathic pharmacopoeia as the legal equivalent of allopathic medicine.Another more contemporary and popular form of herbal medicine, called Western herbalism, can be traced back about two hundred years in America. Samuel Thomson, born in 1769, is considered the father of Western herbalism. He discovered over sixty different medically effective native plants by clinical testing, and on the basis of these findings, devised a theory of disease and botanical drug action. Randy Kidu, D.V.M., Ph.D., writes in his articled entitled A Brief History of Alternative Medicine: “The history of herbal medicine is interesting because herbs have been a part of our diet and pharmacy since man began roaming the earth. Coprophytic evidence (seeds and other plant part(found in preserved fecal pellets) points to herbal use by cavemen. Early herbalists practiced their trade since before recorded history in all parts of the world including China, Egypt, Greece, Rome, Africa, England, the Americas, and Europe. Many herbs are also mentioned in the Bible. Today, based on sheer numbers of folks who use one form of herbal medicine or another, it remains the most-used medicine worldwide.”Twenty-five hundred years after the advent of allopathic medicine, modern medicine is still grappling with the idea that herbal medicine could be an effective treatment, and not just quackery, although thousands of years of recorded history has proved its efficacy. A new model of understanding in medicine needs to be incorporated into the existing allopathic model. Because of the growing popularity and effectiveness of natural medicine, practitioners may eventually be given their deserved place in medical society. The incorporation of natural medical practices into the existing model of conventional Western medicine, including the training of new medical doctors, is now called Complimentary Medicine. In order to solve our health problems, this modern paradigm for treatment in medicine must be promoted. This can only truly emerge when bias, self-interest, greed and discrimination is discarded and diverse medical knowledge is promoted and shared, not only between university trained scientists and medical doctors, but among Alternative Medicine practitioners, philosophers, metaphysicians, and other intelligentsia of society as well.

Skip The Lines – Bring The Amusement Park Right To Your Own Back Yard

There’s no shortage of things to do in Atlanta. From professional sports to amusement parks, there’s something for everyone. In fact, Atlanta is proud to house some of the nations largest amusement attractions, including the ever popular Six Flags Over Georgia. Children (and adults) love the thrill and adrenaline rush of the large roller coasters. However, one thing most people don’t like about amusement parks is the long lines. By the time it’s all said and done, you can spend several hundred dollars for your family to have an afternoon of fun, and only get a few rides in. This year, instead of spending the day waiting in long lines for short rides, why not bring the fun right to your back yard? With today’s technology, you can literally do just that! One of the advantages of living in a large city like Atlanta is that we have large rental companies that can make your special event feel just like a trip to Six Flags… complete with a train and an ice cream cart!

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If you’re trying to replicate the amusement park feel, there are definitely specific items that you’ll want to be on the lookout for. As mentioned previously, ice cream carts and trackless trains help make the special event feel more like a day at Six Flags.In order to make your next special event more special, try some of the following tips:

Head online to do some research on the party rental company that has the selection your looking for. If you want an ice cream cart to complete your theme park adventure, look around until you find what you’re looking for.

Don’t settle for the first website you see. There are literally hundreds of inflatable party rental companies in Atlanta. Keep looking for a website that offers a wide variety of rental items that you’re looking for.

It’s better to rent everything from one company. Renting in bulk can help you save money. Larger companies will offer discounts for larger purchases of multiple units and rental items.

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Having a day of amusement park fun is cheaper and easier than ever before. By bringing the amusement park to your front door by using a party rental industry, you can include more people at a lower price. So next time you’re planning a special day, instead of spending tons of money for just a few people and braving the long lines of amusement parks, invite the whole neighborhood and bring the amusement park right to your own back yard!