If you are as busy as a bee, are you as smart as one? 

There are three ways to make profit: gross margin, expense control and productivity. I’ll bet your CFO has the first two all sewed up. And the third one? I’ll bet again that he or she can’t give you a straight answer on how to raise it. That is because they are better at things like numbers, inventory, assets, than intangible things…

The Day the Crocodile Almost Had Me

One Sunday night ago on Nat Geo Wild,  a special aired called “Okavango Underwater”. I spent some time underwater while exploring the Okavango Delta in northwestern Botswana in July, 1979 with five companions. A freak incident put our lives in dire jeopardy. Our outboard stalled in a papyrus forest. I tilted the motor to see if…

How Profitable is Your Business?

If you own or manage a business you know how important it is to have a healthy profit margin on your product or service. It is also important to control expenses. A well-managed business only nets about 7% of revenues as profit. Higher operating or material costs quickly erode the 7% to zero or into…