 Are Business Strategies Obsolete? Does it Matter?
My wife and I have started a new hobby of collecting and reselling small antiques. We really enjoy “the hunt,” but one of the most rewarding aspects is our increased knowledge of 100 year old household tools. One such item was a nickle/steel handle with a cone cup on the end. The cone cup had a butterfly handle on the end of the cone that turned blades inside the cone, scraping the sides.
Almost nobody guessed its function, which was a Delmonico ice cream scoop.
Today, the basic operation of the Delmonico ice cream scoop is the same, scoop it up, and scrape it out.
Business Plans Can Be as Entertaining as a Russian Nesting Doll
Are you thinking about starting a new business? Whether you are starting a new business or wanting to expand your current business using investors, you will need a business plan. But how should you go about it? Hire a financial consultant? Or maybe buy the expensive software that churns out business plans? Join Brandon and Rick as they go through the steps of building a business plan and the pitfalls that many stumble into when doing so.
 Strategic Thinking: Don’t Confuse Tactics for Strategy
“There’s nothing worse than a sharp picture of a fuzzy concept.” -Ansel Adams
“There is nothing more wasteful than becoming highly efficient at doing the wrong thing.” -Peter Drucker
Mike Michalowicz’s article The 90-Day Method: A Strategy For Business Growth in Difficult Times offers some suggestions for business to strategize. He says that a business owner should ask what they have done in the last 90 days that has brought results, and then replicate those things that were successful. Even though these may sound like sage advice, they can be interpreted as tactics instead of strategy.
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 We hope our articles were informative. All questions, comments,and feedback are welcome.
Sincerely,
The LA CPA
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