Tax Tip of the Week | No. 456 | Your Most Valuable Resource
Tax Tip of the Week | April 18, 2018 | No. 456 | Your Most Valuable Resource
Time is free, but it is priceless. 
You can’t own it.But you use it.You can’t keep it.But you can use it.Once you’ve lost it, you can never get it back.-Harvey MackayNothing on our planet is more valuable than our time.The following was taken from a presentation made by Dave Sullivan. It involves a new way of strategic planning using a technique that we shall call:Make or BreakMakes:Where must we succeed?Examples:1. Breaking down Company goals into individual goals2. Geographical expansion3. Expanding product linesDay to day focus:Examples:1. Safety2. Quality3. Inventory control4. On-time delivery5. Reduce rejects6. Improve efficienciesBreaks:Where we must prevent failure.Examples:1. Owners must unify goals2. Product Research and DevelopmentNote: Owners should be spending their precious time and energy on the Make or Break situations. They should not be worried about the day to day focus. It should be taking care of itself with the right systems and processes (although not perfectly). Trust that you have the right people to do so; if not find them. Too often owners are spending time on the minutiae instead of the all important “Make or Break” issues. This is where the rubber meets the road.Be a better leader every day.Thank you for all of your questions, comments and suggestions for future topics. As always, they are much appreciated. We may be reached in Dayton at 937-436-3133 and in Xenia at 937-372-3504. Or visit our website.This week's author – Mark Bradstreet, CPA--until next week.
You can’t own it.But you use it.You can’t keep it.But you can use it.Once you’ve lost it, you can never get it back.-Harvey MackayNothing on our planet is more valuable than our time.The following was taken from a presentation made by Dave Sullivan. It involves a new way of strategic planning using a technique that we shall call:Make or BreakMakes:Where must we succeed?Examples:1. Breaking down Company goals into individual goals2. Geographical expansion3. Expanding product linesDay to day focus:Examples:1. Safety2. Quality3. Inventory control4. On-time delivery5. Reduce rejects6. Improve efficienciesBreaks:Where we must prevent failure.Examples:1. Owners must unify goals2. Product Research and DevelopmentNote: Owners should be spending their precious time and energy on the Make or Break situations. They should not be worried about the day to day focus. It should be taking care of itself with the right systems and processes (although not perfectly). Trust that you have the right people to do so; if not find them. Too often owners are spending time on the minutiae instead of the all important “Make or Break” issues. This is where the rubber meets the road.Be a better leader every day.Thank you for all of your questions, comments and suggestions for future topics. As always, they are much appreciated. We may be reached in Dayton at 937-436-3133 and in Xenia at 937-372-3504. Or visit our website.This week's author – Mark Bradstreet, CPA--until next week.