International Executive Consulting

  The Who, What, and How of Business Change | Know with IE Consulting LLC   As we prepare for the second part of one of the strangest years of our lives, most of us have transitioned from reactive mode and are making our way to the more proactive mode of doing business. There is no doubt that the business landscape has changed, but the big question is for how long.   Regardless of which expert you listen to, most businesses are looking at a complete business cycle. The work we are doing now is no longer a temporary shelter, but a structure that will last for at least 18 months. As business leaders, we are making some drastic decisions on whether to stay the course, axis or shift.   Siris states in Morrow Crisis Leadership, that there is a significant difference between pivoting and shifting. He explains it as an axis that takes you to where you are and you are looking in different directions to change your direction. A change requires you to take a step a...

A cash flow statement is about documenting where the money is going in your business and whether you’re suffering a loss or making a profit. Business Trends contacted a variety of experts to get the lowdown on how to calculate cash flow and prepare a cash flow statement which combines the numbers from any financing, operations and investing your business does. Cash flow is the lifeblood of a business — In fact, a study found over 80% of business failure can be attributed to poor cash flow issues. How to Calculate Cash Flow Here is how you can start to put those numbers together into a statement using these three simple steps to understand formulas. Operating Cash Flow: This is one of the fundamental formulas that you’ll need in order to get everything else right. It’s an important number that small businesses can use to determine whether they have enough finances to expand or if they need outside help. Simply put, this is the amount of money your business makes fro...

Cost cutting has an immediate impact on sales and revenue. In modern work environment, there is a strategic need to cut cost, instead of adopting a slash and burn approach.  Simple efforts like renegotiating the rent, cutting the shipping costs by sending packages in bulk, reduce the entertainment expenses of clients can drastically help in reducing overhead. However, when cutting costs businesses have to make sure that they have the right people in place performing the job, they are using technology to its full potential, they are leveraging on all the opportunities to automate and streamline manual procedures and processes. Companies are taking help of strategy consultants to understand what is important and where the resources can be aligned. Here are some golden rules used by organisations for rapid cost reduction . Rules to Cut Cost in the Most Productive Way ·     The travel expenses are being reduced as the meetings are conducted via video-conference. Nearly 90% ...

Tight cash flow, decreased revenue and increasing competition? If all this sounds familiar, it’s time to rethink your business strategy. When a business is performing poorly for an extended period of time, it requires fundamental change to bring financial recovery. A successful turnaround requires analysis, planning and the right management consulting. These are the important steps organisations can take for turnaround business transformation USA . Step # 1 Create a Business Plan As a first step towards turnaround, businesses have to build a long term growth plan for sales, marketing and operations. You must track and monitor your operations in terms of costs, performance, products, workers and payroll ratios. Embrace your core mission and come up with a realistic business plan accordingly. Step #2 Organise a Company Meeting Once you have identified the pain points and build a turnaround strategy, share it with the employees. Include them in the business plan on the...