FORUM WORKSHOP
Forum Workshop
Are you doing business on trade? Have you
lections, keeping
8
track of and manag0 sold an enormous amount on credit and failed
to collect? Have you expanded so fast, or hired
ing cash flow and
•
so many people, that you are short of cash –
credit – you will be
tempted to hire
A are unprofitable?
U
someone to do
G What are you doing? Stop doing it! Cut back.
those chores. You
Y
U Mend your ways and get back to business. The
see them as chores,
S
and as such you
T purpose of business, remember, is to make
money.
wonʼt assign the re2
sponsibility that goes along with the chores, just
0
DON’T DELEGATE
1
the chores. The “chore” is writing figures in a
4
MANAGEMENT CHORES
ledger, or typing numbers from sales contracts
into a computer then printing out aging charts.
As your business grows and your bottom line The “responsibility” is the power and authority
tells you that you have money available to hire to decide when and how to use the money that
Y
help, be careful which chores you delegate. If flows through your company. Youʼll still want to
you are your companyʼs best salesperson and do that part, but youʼll begin to do it part-time,
dislike management – hiring, firing, bidding, col- which is not often enough.
continued..
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