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All Your Money Won't Another Minute Buy by Curt Finch - Book review

All Your Money Won't Another Minute Buy

Valuing Time as a Business Resource

By: Curt Finch

Paperback
Date: July 12, 2007
ISBN: 978-1430323839
Publisher: Lulu.com

The old saying that "time is money" is given a new twist by Journyx Inc. CEO Curt Finch in his new book All Your Money Won't Another Minute Buy: Valuing Time as a Business Resource. Not only is time important, but time can be measured in many different ways, to increase the profitability of company project management.

Curt Finch writes that most companies lack the resources or systems to assess time management properly. Even those organizations that take time management seriously seldom go beyond time sheets or basic spreadsheets. As a result, business managers are not able to estimate their true costs for any project. All too often, staff people object to keeping track of time spent on jobs. Without that knowledge of time, profit and project duration estimates may not reflect reality.

Journyx Inc. CEO Curt Finch (photo left) writes that companies need a thorough understanding of costs at every level. He provides examples from his own business experience of how knowing his company's cost of service helped to win and maintain important client contracts. He also considers it essential that these costs be visible to everyone in the organization to assist the decision making process. This important information can then be used to redeploy resources from one project to another, or to end an unprofitable venture entirely.

Along with providing important analysis of the importance of time management and records, the author describes how dedicated software can enhance profits. Instead of spending time and money on reinventing the wheel, Curt Finch provides the tools needed to talk with technology vendors, to ensure the purchase of the proper software program. Good records ease the decision making process and are vital in the event of potentially costly government audits.

For me, the power of the book is the emphasis on time management as a crucial part of understanding business costs. Far too many owners and managers are not aware of the true cost of providing their goods and services. Very often, the missing element is the value of the time required to bid, prepare, and complete a project. Overruns that stem from an incomplete picture of costs in time, personnel, and resources can have a serious negative impact on the company bottom line. This book underlines the importance of knowing and recording all of your business costs.

I recommend All Your Money Won't Another Minute Buy: Valuing Time as a Business Resource by Curt Finch for anyone who is serious about time management, and about controlling their business costs.

Read All Your Money Won't Another Minute Buy: Valuing Time as a Business Resource and you will never think about time management in the same way again.

Tags: Curt Finch, All Your Money Won't Another Minute Buy, time management, business book reviews.

Wayne Gorman: Elliott Wave Theory & Real Estate Markets - Blog Business Success Radio

Market analyst and Elliott Wave Theory expert Wayne Gorman, of Elliott Wave International describes how social factors and mass psychology are crucial to understanding the real estate and stock markets, and boost your financial success, as my internet radio show guest on Blog Business Success; hosted live on Blog Talk Radio.

The show airs live on Thursday, August 30, at 8:00 pm Eastern Time; 5:00 pm Pacific Time.

Wayne Gorman discusses the social causes of asset bubbles including the stock market and the housing market. You will learn:

* How markets move in recognizable waves based on social mood

* How financial news is behind the markets and not the cause of price movement

* Where Wave Theory forecasts housing prices to move

* How to profit from real estate by understanding social mood

* How the landmark book Conquer the Crash provides the tools needed for future investment

Wayne Gorman (photo left) has more than 25 years of experience in trading, forecasting and portfolio management. He began his career at Citibank where he managed money market and derivative portfolios in New York and traded foreign exchange in London. He was then selected for various treasury management roles. Wayne was later recruited as treasurer for Westpac Banking Corporation in New York.

Wayne’s interest and knowledge in the field of market forecasting led him to Elliott Wave International, where he’s been working for the past five years doing research in socionomics and performing Elliott wave analysis. Most recently, in his role as Senior Tutorial Instructor, Wayne teaches Elliott Wave International's trading and investing on-line courses. Wayne has been using the Wave Principle since 1986.

My book review of Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression by Robert Prechter

Listen live on Thursday at 8:00 pm Eastern, 5:00 pm Pacific time.

If you miss this very informative show, it will be available for free download as a podcast for iPod, iTunes, and MP3 players; or play it right on your computer. To download this, or any other of my guest interviews, go to the Blog Business Success host page and click on Archived Segments. Once there, click on the podcast icon at the end of the episode description, to download the show free of charge for your listening enjoyment. You can also subscribe to the show feed.

To call in questions for my guest, the number is: (347) 996-5832

Let's talk with Wayne Gorman, of Elliott Wave International describes how social factors and mass psychology are crucial to understanding the real estate and stock markets, and boost your financial success, on Blog Business Success Radio.

Tags: Wayne Gorman, Conquer The Crash, Elliott Wave Theory, Blog Business Success, Blog Talk Radio.

Carnival of the Capitalists at Reasoned Audacity

This week sees an eclectic approach to the traveling business show, recognized by one and all as Carnival of the Capitalists and arrives at Jack and Charmaine Yoest's business blog known as Reasoned Audacity.

This week's edition of Carnival of the Capitalists highlights some of the best bloggers writing on the internet today, as well as some of the best and most popular entries ever to the Carnival.

Blogging topics presented include entrepreneurship, management, market trading, internet commerce, marketing, the national economy and personal finance.

As you would expect from Carnival of the Capitalists, there are many discussions of economics, marketing, business, and small business.

It's always great to read and discover the many high quality blogs out there in the blogosphere.

We don't always get to them all, and this edition of Carnival of the Capitalists has introduced many of us to some brand new ones; as well as some long time contributors.

I have an entry in this week's Carnival of the Capitalists as well.

My post is titled "Management techniques: Delegating responsibility" where I discuss how as a company grows, the number of responsibilities grow right along with it. Not only do the number of departments expand, but their size and scope increases as well. Taken together, managing all departments and staff within the organization becomes too much for any one person. No one possesses the time or skills required for each and every job in the business. Delegation of responsibility is essential. It is here that problems can arise that can hurt the company's performance.

Thanks to the hosts for making this entry a featured post in the Carnival.

If you wish to submit an entry to next week's, or any Carnival of the Capitalists edition, e-mail your entries to the new address:

thecotc -at- gmail -dot- com

You can always use the handy entry form at Gongol.com where all you have to do is fill in the blanks. Talk about making it easy to be included!

If you are searching for new and exciting ways to expand your blog's readership, you should seriously consider sending an entry to Carnival of the Capitalists.

Merely being included in the company, of the first rate regular Carnival of the Capitalists contributors, will enhance the reputation of your blog.

The extra visitors sent to your blog won't hurt either!

The growth and staying power, of Carnival of the Capitalists, is beginning to catch the attention of people outside the blogging community. Each hosting, brings a fresh assortment of new readers, to the various blogs involved.

The visitors aren't only bloggers anymore.

Readership is expanding to include the mainstream media, various government and private organizations, many businesses, and other interested people from beyond the blogging community.

Many people are introduced to some tremendous blogs that they might otherwise have missed.

Next week's Carnival of the Capitalists will be at Jay Solo's technology blog known as Geek Practitioners Blog.

In the meantime, click your mouse over to the Reasoned Audacity hosting of Carnival of the Capitalists.

If the great posted entries don't convince you to click, or the possibility of finding some brand new blogs to read doesn't do it, then visit Carnival of the Capitalists and get into business for yourself.

Tags: carnivals, capitalism, business, marketing.

Management techniques: Delegating responsibility

Delegating responsibility and decision making are some of the most difficult actions for many entrepreneurs. Having started the business, from an idea on paper to its current status as a growing company, the owner has a real emotional involvement in the organization.

As a result of this attachment, letting go of all decision making involves more than simply passing some paper to another employee. The emotional aspect of management must be considered as well. All too often, the personal feelings of the entrepreneur prevent taking the proper course of action.

As a company grows, the number of responsibilities grow right along with it. Not only do the number of departments expand, but their size and scope increases as well. Taken together, managing all departments and staff within the organization becomes too much for any one person. No one possesses the time or skills required for each and every job in the business. Delegation of responsibility is essential. It is here that problems can arise that can hurt the company's performance.

The entrepreneur has built the company from the beginning and treats it almost as a family member. Choices made for growth, purchases, expansion, and marketing are not always based on economic conditions or enhancing return on investment. There will very often be snap decisions made on the spot, with or without full understanding of the circumstances or complete data. Some of these crucial decisions must be handed to other managers within the company. The lone wolf business owner is often very reluctant to do so.

Having built the company from the ground up can inflate an ego. The sense of being the only expert becomes the owner's creed. This mistaken idea is often accompanied by the nagging back of the mind fear of loss of control. Emotional reactions to needed delegation are common. This ownership fear must be mastered if the company is to move forward into the future. Instead of acting emotionally, the owner must attempt a rational and practical approach.

A good way to start in the delegation process is to talk with the affected managers as a group and as individuals. Defining the company's goals, and asking for input into achieving them creates new ideas and develops trust and two way communication. Armed with the organizational goals, the manager can assess the departmental situation and apply an appropriate course of action. The owner can delegate the decision making activity confident that the overall company goals are being kept in sight.

As successful decisions appear, one after another, the entrepreneur will develop confidence in the managerial level choices. The managers will enjoy the confidence of the owner, and their own self esteem will rise with their successes. Overall, the company bottom line is enhanced.

Mistakes will happen as well. It is at these crucial moments that the owner must place confidence in the process. The error was not made from the act of delegation, but from the choice made by the manager. Mistakes are part of the learning process. The business owner must recognize that no real growth is possible without some missteps along the way. Use the error as a teaching tool, and even better and more profitable decisions will follow.

Pulling back the authority is often the emotional response, and is also a mistake. Employees will hunker down and avoid any mistakes. They will also be much less productive, and that will damage the company seriously. Removing decision making authority, like the initial failure to delegate, is also a mistake. This is where building mutual trust is so important to success. Trust allows for mistakes and for alternative ideas and creative thinking.

Delegation of authority involves letting go of fears. Once those fears and sense of loss of power are eliminated, the company and its people are ready to move to even greater heights.

Everyone wins when decision making is shared among the staff.

Tags: management, decision making, delegating responsibility, mistakes.

Jane Macken: Building Better Workplaces and Relationships - Blog Business Success Radio

Author and management expert Jane Treber Macken, of Jane Treber Macken, and author of The Art of Managing: How to Build a Better Workplace and Relationships shares ideas and practical techniques for improving your workplace and for building stronger relationships, to boost your company's success, as my internet radio show guest on Blog Business Success; hosted live on Blog Talk Radio.

The show airs live on Thursday, August 23, at 8:00 pm Eastern Time; 5:00 pm Pacific Time.

Jane Macken describes proven techniques for enhancing relationships in both your business life and your personal life. You will learn:

* How to better manage staff through building stronger relationships

* Better conflict management skills through negotiation

* The three characteristics shared by successful managers

* How to develop your interpersonal skills to improve your personal life

Jane Treber Macken (photo left) is a highly acclaimed business consultant. During her thirty-six-year career, she has served as manager with companies in the energy and mortgage brokerage fields. In addition, she has served on the faculty at John F. Kennedy University. Jane received her MBA in management from Golden Gate University and her MA in organizational psychology from John F. Kennedy University.

During her many years of managing and supervising, Jane Macken has found that successful people possess three key attributes. These attributes are responsible for building successful businesses, lasting relationships and a more balanced life. Her latest book, The Art of Managing clearly defines these attributes, and teaches how to be successful in business and all relationships.

She and her husband live in California.

My book review of The Art of Managing: How to Build a Better Workplace and Relationships by Jane Treber Macken.

Jane Macken's blog: Jane Treber Macken - The Art of Managing

Listen live on Thursday at 8:00 pm Eastern, 5:00 pm Pacific time.

To call in questions for my guest, the number is: (347) 996-5832

Let's talk with Jane Treber Macken, author of The Art of Managing: How to Build a Better Workplace and Relationships shares ideas and practical techniques for improving your workplace, and for building better relationships to enhance your sales boost your company's success, on Blog Business Success Radio.

Tags: Jane Treber Macken, The Art of Managing, management, Blog Business Success, Blog Talk Radio.