Vol. 50- Why punt? Go for it on 4th Down!

The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco – from the Golden Gate bridge north, including the Wine Country of Sonoma and Napa counties.

This page provides the Print-Friendly Version of the article, as published.

Any related materials or articles referenced in the column, or otherwise applicable, will also be referenced below:

The electronic version of the article, as published, may be found here.

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Article published -October 5, 2009larykirchenbauerhdr

 

Building a Business: Do you punt on fourth down because you always do?

Sure it’s normal, but what’s normal about his economy?

Two roads diverged in a wood, and I … I took the one less traveled by, and that has made all the difference.”

– Robert Frost

Several years ago when my father was in his final days, his bonhomie in full bloom, I sat in the room while the doctors administered a few basic tests to assess his cognition.

“What country do you live in,” they asked and Dad answered correctly.

“What city do you live in,” they asked. Dad answered “Grand Rapids,” correct again.

“What state do you live in,” they continued. Dad, ever alert, laughed and responded … “Discombobulation.”

I think my father would agree that the “state of discombobulation” is still a pretty good word choice today. So, maybe it’s also a good time for some fresh thinking … to shake things up, tip them upside down, to innovate … in other words, take a few calculated risks to see if we can generate some new ideas.

I read recently about Kevin Kelly, a high school football coach in Arkansas, who has developed a few football rules that most of us would find ludicrous, to wit:

1. His team hasn’t punted since 2007, when it did so as a sportsmanlike gesture in a very one-sided game.

2. They don’t kick field goals. (more…)

Continue ReadingVol. 50- Why punt? Go for it on 4th Down!

Vol. 49-Sinful Excess – Greed, Gluttony, Lust

The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco – from the Golden Gate bridge north, including the Wine Country of Sonoma and Napa counties.

This page provides the Print-Friendly Version of the article, as published.

Any related materials or articles referenced in the column, or otherwise applicable, will also be referenced below:

The electronic version of the article, as published, may be found here.

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Article published -September 14, 2009larykirchenbauerhdr

 

Gluttony, greed, lust not the ingredients for principled organization

Temperance and labor are the two best physicians of man; labor sharpens the appetite, and temperance prevents from indulging to excess.”

– Jean-Jaques Rosseau

You’ll recall that last time, we catalogued the perils of pride and envy in the pursuit of business success, but alas, we’ve barely dented the list of Seven Deadly Sins.

During this economic tumult, we’ve seen excesses like never before in our lifetimes … excessive credit card and mortgage debt, inflated housing prices, financial malfeasance, Ponzi schemes, egregious compensation plans and much more. It’s no surprise, then, that three of these seven misdeeds are offenses of excess in various incarnations.

Gluttony appears on the list and is defined as the “inordinate desire to consume more than you require,” which originated with concerns for wasting food in the midst of poverty. Thomas Aquinas, a medieval religious thinker, even identified six ways to commit gluttony, including consuming too much, too soon, too eagerly or too expressively – maybe the perfect expression of the runaway consumer spending that brought our economy to its knees.

“Qu’ils mangent de la brioche,” famously translated as “Let them eat cake,” is arguably attributed to Marie Antoinette on the eve of the French Revolution, hailing the ignominious end to another age of excess. (more…)

Continue ReadingVol. 49-Sinful Excess – Greed, Gluttony, Lust

Vol. 47: Building a Business: Hey, I’m profitable; so why don’t I have cash?

The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco – from the Golden Gate bridge north, including the Wine Country of Sonoma and Napa counties.

This page provides the Print-Friendly Version of the article, as published.

Any related materials or articles referenced in the column, or otherwise applicable, will also be referenced below:

**********************************************************************************

Article published -Monday, August 3, 2009

Building a Business: Hey, I’m profitable; so why don’t I have cash?

By Lary Kirchenbauer

Businesses must focus on inventory, accounts receivables to get answer

“Only when the tide goes out do you discover who’s been swimming naked.” — Warren Buffett

Victory … Defeat. Won … Lost. Revenues … Expenses. These are well-understood concepts among business executives. Profits … Cash? Oops, sorry. That may be the biggest conundrum among business leaders: If I’m making all these profits, why don’t I have more cash? My company generated $500,000 in profits this year, and we have only $10,000 in cash. We can’t pay bonuses or contribute to benefit plans without cash – where did it all go? (more…)

Continue ReadingVol. 47: Building a Business: Hey, I’m profitable; so why don’t I have cash?

Do you find yourself always asking, “Where Are We?”

man-and-money-question-marks“Where are we” is a question I hear all the time.

Usually, the questioner is looking for some answers about the business landscape and where we might be in the trough between recession and recovery.

A challenging question but one that usually prompts a series of my questions:

Where are you, and how well are you and your company prepared for the rest of this journey?

Is Your System Foolproof?

Make sure that you have a foolproof system that holds your team accountable so that they know … that you know … what they need to get done, and that you’re measuring and tracking those initiatives to make sure they don’t slip through the cracks.

How have you gotten this far? (more…)

Continue ReadingDo you find yourself always asking, “Where Are We?”