Why Capital Is Not Your Growth Problem

  Growth is one of the most crucial factors entrepreneurs face throughout the life cycle of their business. Many business owners experience stagnation and turn to the securing of capital as a remedy. However the lack of cash is not the cause of their stagnation but simply one of the symptoms. Do you find yourself constantly reacting to cash flow shortages? Does your productivity always require an increased effort in order to grow? Sustainable growth depends upon a scalable business structure and operation that will continuously improve profit while avoiding costs and input increase.   Plan your growth As a business expands its footprint, more and more opportunities present themselves but they are not necessarily the right ones for any given time. Also entrepreneurs are creative people by nature. Every day, before noon, they have probably come up with dozen of ideas for a new service or product. This kind of constant demand and creativity can distract them from their bread-and-butter business. The solution? Planning! Business planning is a comprehensive process for determining a business future and how it can best achieve its goals. It audits the full potential of a business and explicitly articulates the business’ objectives, the actions and resources required to achieve them. Desired outcomes come from intentional vision, intentional actions and intentional planning.   Make adjustments Making a few key adjustments can improve the scalability of a company. Reviewing business processes is a good way to ‘trim the fat’ by reducing unnecessary redundancies and increasing efficiency. The employees executing these tasks may provide interesting insights to improve the current processes. In a business providing services...
Altima Business Solutions Nominated for the Spirit of Enterprise Award 2016

Altima Business Solutions Nominated for the Spirit of Enterprise Award 2016

Altima Business Solutions is proud to be nominated for the W.P. Carey School of Business Spirit of Enterprise Award 2016. The Spirit of Enterprise Award is Arizona’s premier celebration of entrepreneurship. Each year, for the past 20 years, the W. P. Carey School of Business at Arizona State University has recognized businesses that positively impact our economy while exhibiting ethics, energy, and excellence in entrepreneurship. At Altima Business Solutions, we create a better everyday life for small businesses and communities. Our business model is centered around our Arizona prosperity initiative which focuses on the growth of the small businesses which constitute our economic engine. Our clients tend to grow exponentially, creating local wealth not only through their increased revenue but through the higher-paying jobs they create. This has a direct impact on the community economic health and people lifestyle. Our success is your success! We succeed because we help our partners, team members and clients alike, to succeed with enthusiasm and energy. Our motto is “Our blessings come from helping others. At some point in our life, each one of us have received, consciously or subconsciously, help from family, friends, colleagues, mentors or complete strangers. A word, a smile, a compassionate ear, advice, etc. We pay it forward! We serve as mentors for the Arizona Small Business Association, director of the board for the National Kidney Foundation of Arizona, Peer Collaborator for the Nelson Mandela Fellowship, volunteer for the MS Foundation and more. We are grateful for your continued...

How This 10-Minute Routine Will Increase Your Creativity

How This 10-Minute Routine Will Increase Your Creativity “Your subconscious mind works continuously, while you are awake, and while you sleep.”– Napoleon Hill Your subconscious never rests and is always on duty because it controls your heartbeat, blood circulation, and digestion. It controls all the vital processes and functions of your body and knows the answers to all your problems. What happens on your subconscious level influences what happens on your conscious...

Stop Being Busy, Start Being Productive: Operations versus Profits

Managing a business relies on a network of systems and processes that are efficient yet flexible. They require careful scrutiny and evaluation to insure they include the right methodology and procedures. The art of accurately evaluating and tweaking your processes to improve your operations profitability is critical to building success and staying competitive. Systems and processes are put in place to keep companies on course toward their profitability goals and to minimize surprises along the way. They provide a clear and consistent blueprint for how business is done on a daily basis and how decisions are made. Inefficient systems and processes are costly in terms of dollars, waste, rework, delays, resource utilization, whereas ineffective ones are pricey as well because they are not reliable. They don’t do what they are meant to do.   Use the right metrics Management can’t comprehend the extent to which their organizations and processes are efficient and effective unless they choose and use the right metrics. The results of those measurements will help them improve the processes and the overall organization. This includes management processes as well as lower-level work processes. Some process efficiency measures are: resources (dollars, time, labor) expended per transaction of unit; cost of poor quality result and rework; percent of time items were out of stock when needed; percent of on-time delivery. Some effectiveness measures are: how well the output of the process meets the requirements of the end-user or customer; how well the inputs from the external suppliers meet the requirements of the process. By contrast, measures of ineffectiveness include: defective products; customer complaints; decreased revenues. For each of the metrics chosen,...