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Tag Archive for: business management

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5 Minute Daily Meeting Infographic
Infographics

5 Minute Daily Meeting

One of the easiest ways to boost communication on your team is a 5 minute daily meeting.  This is regardless of size of organization, department or level of organization.  Often called a daily standup, it’s a quick way to set priorities, celebrate wins and identify areas for improvement.

It really takes a few simple things, but when done consistently helps achieve tremendous clarity and improvement.

5 Minute Daily Meeting Infographic

White board

White board can be an actual white board, a board with sticky notes, a screen with an Excel spreadsheet, a view of scheduling software or a BI dashboard.  The point is to include a few simple things on it:

  1. What were we trying to accomplish yesterday? (in list or numbers)
  2. What are we trying to accomplish today? (in list or numbers)
  3. What’s our metric for the week or month?

5 minutes

The point is that this is quick.  Get your team committed to showing up, start on time and keep the balance between encouraging bringing challenges up and trying to solve them right then and there.

Good questions

A few good questions will get the conversation going?

How did yesterday go?

(If things went well) What did we do well to hit our plan?  This is also a chance to acknowledge people that went above and beyond.

(If things did not go well)  What unexpected challenges did we hit?  Were we set up for success?  Ideas on how to do better?

It’s critical here to encourage people to speak up, and then if a topic requiring attention comes up that we (1) acknowledge it needs addressing and (2) decide who will follow up, how and by when.  Don’t try to have a 30 minute problem solving session right there and then with everyone.

Next question – are we set up for success for our plan today?

(If not) Assign responsibilities to address shortcomings right there or immediately following the meeting.

(If yes) Great!  And be sure to reference that tomorrow if things don’t go according to plan – “what unexpected challenges did we hit?”

Final note – acknowledge the weekly or monthly metric.  Doesn’t need a lot of time, but especially if the team is doing well, this is the opportunity to applaud the team’s effort month to date at the end of the meeting.

Things to not do:

  • Don’t go line by line over a schedule – that should be visible for everyone to see otherwise.
  • Do all the talking yourself – remember to ask good questions and engage your team.
  • Try to solve all the problems right there – make a plan to work on it, and report back the next day.
September 29, 2024/by Ryan Knaack
https://peakcfocoo.com/wp-content/uploads/2024/09/5-minute-daily-meeting.png 10583 4167 Ryan Knaack https://peakcfocoo.com/wp-content/uploads/2025/05/peak-business-navigation-reversed.svg Ryan Knaack2024-09-29 09:48:312024-09-20 12:11:395 Minute Daily Meeting
The Goal Book Review
Books We Love

Book Review: “The Goal” by Eliyahu Goldratt and Jeff Cox

Written in 1984, The Goal is a management classic. Written in a unique fictional narrative form, it mixes principles critical to any manufacturing or distribution business with the personal life story of the main character, Alex Rogo. Alex handles serious marital issues while he seeks to save his company’s plant from closing in his hometown. Along the way, Alex enlists the help his friend and mentor Jonah to change the way he looks at his business.

Why we love this book

Anyone who focuses in the weeds on increasing percentage margin deal by deal, or focusing too much on the efficiency of every machine or business unit in their facility will benefit from reading this. The core of the book is about identifying and planning around bottlenecks, which is more professionally called “The Theory of Constraints”. Along the way this creates a shift in mentality from what financial statement oriented cost accountants call cost of goods sold to a different way of looking at growing a business.

As the book lays out, what’s most important is increasing overall throughput (producing and selling the most product) in the form of incremental contribution margin dollars while reducing costs and reducing inventory spend. It’s a great reset away from getting lost in the weeds of percentages. At the end of the day we take dollars to the bank, not percentages.

Any criticisms

At this point the book is 40 years old, and the way they get the numbers to solve their problems has changed significantly. Also, while the personal life part of the book may be charming for some, it also roughly doubles the length of the book and may frustrate others. However, the business principles are as relevant today as they were 40 years ago.

August 25, 2024/by Ryan Knaack
https://peakcfocoo.com/wp-content/uploads/2024/08/Book-Cover-Featured-Template-05.png 2230 3451 Ryan Knaack https://peakcfocoo.com/wp-content/uploads/2025/05/peak-business-navigation-reversed.svg Ryan Knaack2024-08-25 13:59:272024-08-26 13:20:20Book Review: “The Goal” by Eliyahu Goldratt and Jeff Cox
80/20 Principle – The Key to Growth and Profitability Infographic
Blog

80/20 Principle – The Key to Growth and Profitability

80/20 Gut Check

Have you noticed any of the following about yourself or your business?

  • Does it feel like you’re incredibly busy but yet the business doesn’t grow or become more profitable?
  • Regularly correcting inside salespeople or staff about mistakes they made on customers?
  • Having a few people in your company feel like they’re carrying all the load for everyone else?
  • Had a major customer leave because you quoted them at the profit margin percentage you want and they told you you’re overpriced?
  • Struggled to get all your orders completed correctly week in and week out?

If you haven’t heard it before, this can change your business and your life.

80/20 Principle – The Key to Growth and Profitability Infographic

Once you realize this, you can never look at your business or your time the same ever again.

PEAK’s Fractional CFO, Fractional COO and consulting experts have applied the 80/20 principle to help organizations grow faster, more profitably, and with less stress for owners and key staff.

It’s all about understanding the data, treating different things differently and building the right process for the right customers and products.

Contact PEAK to begin the data driven 80/20 journey for your business.  We’re here to be your guide.

July 12, 2024/by Ryan Knaack
https://peakcfocoo.com/wp-content/uploads/2024/07/80-20-infographic-pareto-principle-business-consultants-3-2.jpg 2322 1500 Ryan Knaack https://peakcfocoo.com/wp-content/uploads/2025/05/peak-business-navigation-reversed.svg Ryan Knaack2024-07-12 10:34:162024-08-07 09:59:3480/20 Principle – The Key to Growth and Profitability
The Power of "We" Leadership Infographic
Infographics

The Power of “We”

The Power of "We" Leadership Infographic

July 11, 2024/by Ryan Knaack
https://peakcfocoo.com/wp-content/uploads/2024/07/the-power-of-we-leadership-infographic.jpg 1557 1200 Ryan Knaack https://peakcfocoo.com/wp-content/uploads/2025/05/peak-business-navigation-reversed.svg Ryan Knaack2024-07-11 10:09:302024-07-11 12:53:27The Power of “We”
It's the Manager Book Review - book cover
Books We Love

Book Review: “It’s The Manager” by Jim Clifton and Jim Harter

If you’re looking for the key ingredients to get an engaged workforce, this is a great cookbook. To be clear, the key word is “engaged”. Employees sometimes stay because they feel comfortable, because they’re creatures of habit, because they like the owner, or because it’s just too scary to think about doing anything else. The best organizations have employees that are engaged. These are the employees that come to work because they really want to be there, and they walk in the door ready to make an impact every day. Gallup did a fine job, as they often do, of investigating the organizations and people who are most engaged. They boil it down to 12 essential ingredients that these organizations, and more importantly, the managers within those organizations have. If you’re looking to understand the health of your organization, a survey on those 12 ingredients is a great start.

What’s great about this book?

The advice is solid and straightforward. The study behind it is scientific and not just one person’s opinion. The chapters are short and the print is big, making it extremely readable. It’s a great playbook on helping people move from “boss to coach.”

Any Criticisms

As Jim Clifton often does, the book circles back to the StrengthsFinders assessment towards the end. To be clear, we’re fans of the assessment and the previous books dedicated to it. In this book in particular, the tie in feels forced, and adds about 100 pages of Appendix to the book.

June 10, 2024/by Ryan Knaack
https://peakcfocoo.com/wp-content/uploads/2024/07/its-the-manager-book-review-1.jpg 535 828 Ryan Knaack https://peakcfocoo.com/wp-content/uploads/2025/05/peak-business-navigation-reversed.svg Ryan Knaack2024-06-10 12:01:412024-08-15 13:44:05Book Review: “It’s The Manager” by Jim Clifton and Jim Harter
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