Advising, Consulting and Mentoring Greater Houston area business since 1986
February 2015
 
   


 
From The Editor... 

 

When you are not feeling well you likely make an appointment with your doctor and have a check-up to find out what is wrong. If your car, truck or van is spitting and sputtering you probably take your vehicle to an auto mechanic and have a diagnostic test done. When you come home from work in the summer and the inside of your house is hotter than it is outside, you immediately call your a/c guy to come and check it out.

Well what do you do when your business is having problems? Hope things get better? Go to your bank and try to borrow your way out of trouble? Sell your products or services at a loss just to get some business in the door? Slow down paying your suppliers? Use federal tax withholdings to cover your operating expenses? If you have done any of these things, it has likely led to even worse problems.

When your business is experiencing trouble, why not turn for advise and support to someone, that has years of experience in running a business. A Silver Fox Advisor can be that person.

We encourage you to visit our Web-site at www.silverfox.org or www.silverfoxadvisors.com to select a Silver Fox Advisor and also to learn more about the Silver Fox Advisors, our Associates and their businesses, as well as our great programs and community outreach endeavors.

 

Richard T. Hendee, Editor

The Silver Fox Advisor

Operations Managers Make The World Work; But There Is A Catch

By Bruce Andeson, A Silver Fox Advisor

Operations managers make sure that the right thing gets to the right place at the right time. They work in all areas of commercial enterprise including manufacturing, transportation, construction, and warehousing as well as almost every other industry.

Think about what it takes for a commercial airliner to take off. Crew, passengers, food, fuel, a well-maintained aircraft all must come together ata specific time for a specific destination. And, all additional logistics, such as air traffic control, are required to have the entire enterprise run smoothly. When you think about it, it's actually astonishing.

Amazon has emerged over the last two decades along with Costco and other retailers as operations dynamos. The other day I ordered protein powder, a book and an electronic hotspot from Amazon and two days later they all came in the same box. How do they do that?

So we can say that as a general rule, most operations managers know what they are doing and perform to a high-level of excellence.

So what's the catch?
 

Read more...
 

Biggest Excuses They Use...And You Should Avoid

Rationales and Reasons Why Businesses Fail

By Hank Moore, Corporate Strategist™

Some people and organizations go to great extremes to place spins, rationalize or save face. Often, sweeping generalizations involve making far-fetched excuses or scapegoating someone else.

Criticizing others may be cloaked as a subtle or even polite dialog. Yet, behind these often-voiced expressions lie fallacies in reasoning, the wrong facts, jealousy, animosity, personal self-defeat or cluelessness of the speaker.

When people pose the following questions or statements, there often lurk sarcasm or hidden agendas behind the "seemingly innocent" comments.

Failing to make investments in future company success:

I'm building a new house right now. Just took a vacation. Got to send the kid to college.

(or some other personal reason)

We just bought a piece of computer software.

Have to make cuts everywhere else to pay for rising production costs.

We make a good product...that should be enough.

Why must we spend time on things other than our core business?

We can dispense with all that employee training and professional development.

We just cannot afford to make the investments.

Read More... 

 

 

Silver Fox Advisors 

 

Silver Fox Advisors are current and former business owners, entrepreneurs and executives dedicated to assisting business owners to improve their enterprises through mentoring and consulting. Advisors have been sharing their knowledge, experience and skills since 1986.

To work with a Silver Fox Advisor, please visit our website at  www.silverfox.org and select your advisor.

Books by
Silver Fox Advisors
  

Several Silver Fox Advisors have written books sharing their business experiences and expertise. These books contain information that you may find helpful to you and your business. We encourage you to visit our web site and click on the Resources link to find a listing of all books that are available.

 

This Month's Featured Book 

 

 

 
 

Lunch & Learn

February 26, 2015

 

Speaker Bill Fisher, Managing Director, Higgenbotham

 

"The Affordable Care Act's Impact on Individuals and Businesses"


 

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Silver Fox Advisors  713.467.5900  executivedirector@silverfox.org