Tag: strategic planning

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The Dirty Dozen of Profit Leakage

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12 Hidden Issues that Could Be Hurting Your Business Revenue

As a business management consultant, I’ve had the privilege of collaborating with many types of owners to uncover problems and create healthy growth in their businesses. One common problem I see in companies of all sizes is profit leakage — areas where money is steadily flowing out of the company, unnoticed and unchecked.

To help owners and leaders identify these silent leaks, I developed a method to pinpoint the sources of profit loss.

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"What's Wrong with Your Business" podcast with Grace LaConte Episode 11, Why Foundational Staff Have Strategic Value

Why Foundational Staff Have Strategic Value [Podcast]

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What do lowest-paid employees have to offer, and why should we ask them to help make strategic decisions? This episode starts with an eye-opening (and humbling) discovery. You’ll find out who Foundational are, the #1 question to ask them, why a Fight-Flight-Freeze response is not effective… and which response can add tremendous value to your organization.

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Doing a Post-Flight Check of Your Business

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The pilot skillfully descends, hits the tarmac smoothly, and taxis to the hangar. What happens after the plane lands?

Rest & relaxation would be nice, but pilots always do a post-flight inspection of their aircraft. Not only do they make sure that everything is in working order, they also inspect every system for signs of possible malfunctions that could affect the next flight.

Business owners can avoid potential loss or harm by conducting both a Pre-Flight Check of events or projects yet to occur, as well as a Post-Flight Check. Let’s take a look at what you can do once a project ends. 

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Airplane taking off runway and title "Completing a Pre-Flight Check of Your Business"

Completing a Pre-Flight Check of Your Business

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An airplane pilot has the responsibility to conduct safety inspections—both before they take off and after they land. Diligent maintenance checks can help to avoid things going wrong: equipment failure, accident, injury, or a catastrophic crash.

Before launching a project or initiative, risk intelligent business owners can identify potential vulnerabilities by conducting a Pre-Flight Check. This evaluation can reveal valuable information that is both quantitative (numbers) and qualitative (experiences and sensations).

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"What's Wrong with Your Business" podcast with Grace LaConte Episode 8, SWOT Analysis

Using the SWOT Analysis [Podcast]

Published on by Grace LaConte1 Comment

This simple tool is a great way to evaluate problems in your organization through an objective lens. Grace will explain how to identify your Strengths, Weaknesses, Opportunities, and Threats, when to use the PESTEL tool, and which steps you can take to get the most out of this tool.

Keep reading for a full transcript of this episode (with bonus images and links!)

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Photo of person typing at laptop with open book and title "How to Bounce Back After Your Business Closes"

How to Bounce Back After Your Business Closes

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This is a guest post written by Carla Lopez, owner & CEO of Boomer Biz.

When a business venture doesn’t go quite the way you planned, you may be left feeling as though you’ve failed, which can be difficult emotionally.

You may even feel the onset of depression or anxiety, and many entrepreneurs have found that their self-esteem took a hit once they were forced to admit to themselves that they couldn’t make things work.

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My Experience at Washington State Medical Association’s 2019 Annual Meeting

Published on by Grace LaConte2 Comments

I had the pleasure of spending an entire day with physicians at the Washington State Medical Association (WSMA) annual conference in Seattle on Saturday, October 12.

In addition to the fantastic speakers who talked about medicolegal issues, technology, and population health, I also heard about policy development with the House of Delegates and new legislative issues at the state and federal level.

Here are my take-aways from the experience.

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HBO’s Chernobyl, Risk, and the Devil’s Advocates who Kept Us Safe

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The Chernobyl nuclear disaster, which affects millions of people to this day, is now available as a 5-part HBO mini-series.

Here is what it taught me about having the courage to speak up.

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Why a Niche Will Make Your Healthcare Practice More Successful

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The natural health industry is booming.

With rising costs of conventional medicine, consumers are increasingly receptive to trying alternative healing methods—many of which are finally getting well-deserved recognition for their scientific validity.

Even with this tremendous opportunity in the vast healthcare industry, many practitioners make the mistake of offering services that are broad, generalized, and non-specific… which leads to a practice that is forgettable, even in a booming market.

In this post, I’ll explain why choosing a niche can help your practice stand out and succeed.

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