“Horror at the Harmon” How the Lack of Proper Systems Puts a Contractor at Risk And Created “The Nightmare on Las Vegas Boulevard” for MGM

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Any construction project can result in a loss if the company does not have the proper methods, systems, controls and procedures to ensure the quality of its work. Construction companies are at much greater risk than many other small businesses because of the large financial impact that a failure in having the right systems in place can have on their liability if their failure to adhere to best practices causes a large financial loss.

We all saw how the failure to have the proper system in place at the 2017 Oscars caused Warren Beaty and Faye Dunaway to…

Was the Reason for McDonald’s Success Because They Created a Better Hamburger or Because They Created a Better System for Their Business?

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The fast food industry today has grown from over $6 billion in sales in 1970 to over $100 billion today in the United States. It employs over 4 million workers. And, 25 percent of the American population eats fast food on a daily basis.

While Burger King may proclaim to be the King, we all know that Ronald McDonald is no clown when it comes to wearing the crown as to who really is the king of fast food—every second of the day McDonald’s sells 17 Big Mac’s and 7 Happy Meals, and too many French fries to…

Why a Business Analysis Is Critical to Business Success

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It has been said that there are only two ways to learn from mistakes: you can learn from your own mistakes or you can learn from the mistakes of others.  And, it is a lot more expensive to learn from your own mistakes!

More importantly, having an objective, third-party analysis of the business is a proven, cost-effective way to minimize one’s own mistakes in business. A business analysis not only gives the business owner an opportunity to gain valuable insight into his own business so that he can avoid making costly mistakes, but at the same time it…

A Change In Wage Culture

What does a business owner do when his customer service ratings plummet, when his employees’ morale drops, and when the company productivity declines? Some companies take an extremely radical course and give their employees a raise. Guess what; their strategy worked! It was recently reported that Walmart (with 1.3 million people employed in the United States) did just that.

For the first time in its long history, Walmart began experiencing a decline in sales in 2014. They had also received a damning negative stock recommendation from Wall Street analysts, who projected a steady decline in corporate profits.  Walmart, under…

Incivility And The Message

Who Turned The Lights On?

Over the past ten years, the business world has exploded with the creation of companies that utilize an incredibly wide array of innovative, world changing ideas. These companies soared to the top of market capitalization value faster than businesses in the United States had ever grown, and their growth is only just beginning.

They have redefined business models, business practices, as well as asset and personnel utilization. A veritable business and social revolution has occurred.

On-line retailers, like Amazon.com, have changed how America goes shopping. Anything and everything a person would want is now available on-line and offered by thousands…

What Are My Chances?

 

In 2014 Warren Buffett, the billionaire investor, challenged the betting world by announcing his own bracket contest for the Annual March Madness; The NCAA Men’s Basketball tournament. He offered $1 Billion to anyone who correctly picked the winner of each of the tournament’s 63 games. Each year hundreds of thousands of people make their picks in brackets offered a variety of different places—from the office pools to the March Madness junkies, through major newspapers and sports channels. Mr. Buffet’s bracket challenge had an extremely large payoff, but only for perfection. There are winners in the rest of the pools,…

A Skill For Success

 

A philosopher long ago, proffered, “We wander through life not really knowing our neighbors, and then, by something they do by some word they uttered, as if through a bolt of lightning, their inner soul is momentarily laid open and we see who they really are.”

This trip we take every day, through our personal, working and social lives, entails interfacing with people, many who we do not know well, and some not at all. Life, both personal and business, is all about human interdependency and connectivity. As a result, a person’s ability to perceive, understand and respect the…

“Not Now!”

“As soon as I finish this, we’ll address that issue.”

“I’ll do that tomorrow.”

I haven’t decided yet.”

“That can wait.”

“I’ll get to it when I can.”

“If I only had more time…”

Have you ever caught yourself using one of these excuses? Or heard your boss use them with you or a colleague? If you answered yes, you are not alone. We are all guilty to varying degrees of this common, but costly practice of putting things off. Everyone procrastinates at one time or another. When a particular task seems unpleasant or undesirable, we tend to put it…

Global Resources Reviews: I Had Taken My Business As Far As I Could…

Global Resources Reviews

Situation

The client owned a luxury used car dealership and he hired Global Resources for an operations tune-up to assist him in managing the growth of his business.

“I have been running my company since 2008 and have grown the business to $8MM turnover, since then.  When I was contacted by Global Resources, I was at the point where I felt that I had taken my business as far as I could.

I was being held back by limited business systems knowledge and had issues with procedures, pathways and delegation.”

Process