Recent Articles

Efficiency

A business term meaning delivering the product or service with the least amount of resources thereby keeping the cost as low as possible.

Business Dynamics of Hauling

01/18/2016

One of the industries in the transportation sector is materials hauling.  This is your dump truck industry.  All of us see these trucks out on the highway usually hauling gravel or dirt.  To profit well, efficiency is the primary business [...]

Operate Within Your Range of Production

02/13/2013

One of the basic business concepts is range of production.  It means maximizing the capacity (range) of the assets in your operation.  When the business operation goes beyond the maximum production range, costs associated with the marginal [...]

Develop a Position Profile

01/06/2013

The primary goal of the Human Resources Department is to match the best person to the job in the company. This maximizes both effectiveness and efficiency for the company.  In order to achieve the best matching of resources to the positions in the [...]

Find the Bottleneck

01/05/2013

In every business no matter production or service, there exists a bottleneck.  Your job as the owner or manager is to find it and fix the problem.  Once this one is found and resolved; move onto the next one.  There is always a bottleneck to find [...]

The True Cost of Labor

01/01/2013

I laugh at the definition of labor costs because in my opinion the so called experts only have it half right.  Labor costs are more than just gross wages and benefits.  It should include the costs of insurance, employer taxation, human resources [...]

A Story About Great Production

12/12/2012

When I started out in accounting I had a job as a controller at a restoration contractor.  They would provide emergency mitigation for water damage jobs, mostly residential damage.  Every now and then we would get a call for a larger commercial [...]

Production – Where the Rubber Meets the Road

12/12/2012

There is no other way to say this other than to outright say it directly:  All the rest of the business issues I write about mean zilch unless you have great production.  This is the one area that you as the business owner need to devote your [...]

Introduction to Human Resources Management

12/12/2012

Matching the right person to the right job is the primary objective of any human resource manager. If you had a company of highly trained, well informed, and happy staff, you would control the best place to work in the whole wide world. So to me, [...]