Innovation and Design Thinking

Duggan (2013) declares that Creative Strategy is not about coming up with new ideas, but about thinking strategically when finding a solution to a problem by seeking new ways or innovative ideas to apply toward such solution.  He mentions two ways of coming up with...

Innovation Killers

What is Innovation Innovation is associated with creative thinking, applied imagination. Innovation involves five skills: associating, questioning, observing, experimenting and networking. According to Drucker (2011), “innovation is a function of entrepreneurship (p....

The Why of Business Planning

Planning is the art of establishing a story of an endeavor, ideally in writing. Because a business is comprised of a series of activities that need to be planned, strategically coordinated, and managed, planning is essential to successfully support the goals and...

Accounting for Short-Term Rentals

Owning a rental property can be a lucrative endeavor, especially when it comes to online platform rentals, such as Airbnb, Booking.com, HomeAway, VRBO, etc.  This business model comes with rewards, but also with great level of organization of the income received, and...

How to Clean Up QuickBooks for 2020

We know December is a busy month. However, take some time now to make sure QuickBooks is ready for 2020. Yes, it’s here again: the end of the year. You probably have a lengthy to-do list full of tasks that must be done before December 31. There’s one task—or rather, a...

Strategy Execution

A while ago I had the opportunity to be a business consultant for a company. The company was facing with major disorganization in the accounting department that transcended to other areas impacting the operational efficiency, as well as, profitability of the company....