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Showing posts from October, 2021

Patrick Lencioni's "The Ideal Team Player" -- Strategic Planning at MinistryCPA

Patrick Lencioni (Len-chō’-nē), author of The Ideal Team Player , and two other books we’ve used at MinistryCPA— The Advantage and The Five Dysfunctions of a Team —purports to have identified the three essential virtues of the ideal team player. He says that he found that the ideal team player is 1) hungry, 2) smart, and 3) humble. The Bible prophet Micah confronted his rebellious listeners. He taught them the virtues that would truly bring pleasure to God (chapter 6, verse 8): “ He hath shewed thee, O man, what is good; and what doth the Lord require of thee, but to 1) do justly, and to 2) love mercy, and to 3) walk humbly with thy God?” Carefully studied, these characteristics are identical—they are not Lencioni’s sole 21 st Century discovery. Nevertheless, Lencioni does offer much that is helpful in practical application to recruit and select ideal team players and to assist current team members with flaws (and we all have them) so that we might overcome them. Micah ins

Gino Wickman's "Get a Grip" and "Traction" -- Strategic Planning at MinistryCPA

Each November, MinistryCPA professionals set a course for their next year by revisiting the firm’s long-term and annual strategies. Concepts introduced by Gino Wickman in his companion books Traction and Get a Grip contribute significantly to the design of MinistryCPA’s system for vision and growth. Wickman’s primary tool for his Entrepreneurial Operating System (EOS) is his Vision/Traction Organizer (V/TO). His model seeks to depict an organization’s answers to eight questions in one or two pages (discussed and illustrated within pages in Traction ). What are your Core Values ? (pp 35-45) What is your Core Focus ? (pp 46-52) What is your 10-Year Target ? (pp 52-54) What is your Marketing Strategy ? (pp 55-65) What is your Three-Year Picture ? (pp 66-68) What is your One-Year Plan ? (pp 68-69) What are your Quarterly Rocks ? (p 70) What are your Issues ? (pp 70-71) You will want to read Wickman’s books for yourself, but the MinistryCPA team has a few observations to

How have Small Businesses Weathered Covid? (a June 2021 outlook)

Over the past year MinistryCPA has taken part in a small business survey from the United States Census Bureau. The survey compiled information from millions of small business owners to analyze how Covid impacted small businesses in different states. If you would like to look at the data for yourself, you can follow the link to the  United States Census Bureau Website.    Change in Revenues Many small businesses experienced a change in revenue over the past year. In June of 2020, 19.7% of small businesses said that they saw growth in their revenues during the previous month. However, at the same time 42.6% said that they had a decrease in revenue. Certain states struggled more than others. A higher percentage of businesses in California, Nevada, and Wyoming were experiencing less revenue. In those states approximately 47% of small businesses had seen a decrease in revenue. The results of June 2021 tell a significantly different story. 11.2% of businesses said that they had an increase i