PKF Texas: The Entrepreneur’s Playbook® - R Cubed

R3- Retool, Retrain and Retain

Listen Now

This text will be replaced

Extras:

Download Transcript
Greg Price
Episode: 218
August 08, 2009

Summary:

Relevant, timely and accurate information are critical to making good decisions in today’s business environment. Greg Price offers ways to operate more efficiently.

Full Interview text

Greg: This is Greg Price with PKF Texas' Entrepreneur's Playbook. In this recession environment great ideas are plentiful, but that's all they are if you do not have relevant, timely, and accurate information to make solid business decisions and execute strategy. It's best to focus not only ideas during a recession, but those that make good business sense every day.

We like to advise our clients to follow R3-Retool, Retrain and Retain your personnel. With this mindset you can get the information you need to make the right decisions each day. Our recommendations include:

Improve or fully use what you already have
Re-evaluate internal processes to trim waste
Invest in additional systems training for your users
Assess how technology will improve your company
Leverage your intellectual capital
Adjust your spending

Here's the best part, your employees through all types of social media are now globally connected to their friends, and, your competitors more than ever. If you are not showing them you are invested in their success, they will leave taking all the experience right out the door with them.

Keep your employees; use R3 to show them you are invested in their success. As Jimmie Johnson, former Head Football Coach of the Dallas Cowboys once said, "Let's turn this thing around."

To read and comment on the PKF Texas' Entrepreneur's Playbook, visit my blog, fromgregshead.com. PKF Texas – The Fit That's Right!