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Knowing Business Model is Key to Financial Success

The Professor — Wed, 16 Jun 2010 21:03:09 +0000

Many vendors and industry pundits promote tools and business concepts as if all IT service companies and solution providers were all the same – as if their concepts for growing a profitable business would work equally well for all companies in the industry. In fact there are at least 10 significantly different business models for IT services companies according to…

CoreConnex welcomes Tigerpaw as latest Partner!

Frank Coker — Thu, 15 Apr 2010 03:36:16 +0000

CoreConnex is very excited to announce Tigerpaw as our newest channel partner in a growing list of PSA software vendors. Our partners are a world class community of innovators who are passionate about improving the financial health and performance of their customers.

Tigerpaw is a leading developer of end-to-end business automation and service management software. Tigerpaw empowers thousands of businesses to…

Predictive Analytics for Small Businesses

Frank Coker — Fri, 09 Apr 2010 23:24:59 +0000

Your past performance can be an excellent predictor of your future. With the right analytical tools, you can get a pretty clear picture of a range of potential futures – some good, some bad. Once you understand the range of possibilities, it becomes much easier to choose the actions that lead to the most positive future.

Predictive analytics…

Introducing: The Professor; Your Business Coach

The Professor — Tue, 06 Apr 2010 01:02:17 +0000

I would like introduce myself to you. I am a new member of the CoreConnex team: The Professor. I am available to all Corelytics™ Financial Dashboard users to answer questions about managing finances, setting goals, evaluating ratios, understanding benchmarks, using the dashboard and other related topics. Just email your questions to me at theprofessor@coreconnex.com.

My goal is to help you…

3 Ratios Every Business Needs to Monitor

Frank Coker — Wed, 31 Mar 2010 00:06:39 +0000

Understanding financial ratios is an important part of managing company performance. Large companies have had a long tradition of using ratios as a way to monitor and manage business performance. Small companies have tended to not use ratios because of the work involved in doing the calculations. That is all changing with tools like the Corelytics Financial Dashboard that not…

Clearing Things Up – Dashboard Maturity Model

Ray Makela — Mon, 22 Mar 2010 14:14:08 +0000

Dashboards are relatively new to the small business community (under 50 employees), yet the SBA (Small Business Administration) reports small businesses make up at least 50% of the nonfarm GDP (Gross Domestic Product) in the United States. The potential for dashboards to help this important sector is just as signficant (maybe more so) as with large enterprises.

The challenge is in being able…

Are you playing to win or playing not to lose?

Tony Lael — Thu, 04 Feb 2010 19:35:57 +0000

If your business is not evolving, it may mean things are getting too easy for you – watch out, another company is going to sneak past you.

I can’t tell you how energizing it is to work with and around people who are ‘playing to win’ and not ‘playing not to lose’. I used to think that being conservative in…

CoreConnex turns 5

Tony Lael — Wed, 13 Jan 2010 19:33:47 +0000

CoreConnex turns 5 years old today – look Ma, no hands!

Everyone says the 5-year mark is a milestone, but it feels like we’re just getting started.

We have navigated some rough waters over the last 5 years. Most significantly, we went from offering a PSA software solution (ConnexIT) in a direct sales model to a channel sales model offering…

Excerpts from the diary of a data junkie

Tony Lael — Tue, 15 Dec 2009 02:28:23 +0000

We have all been there – you wake up breathing heavily. You don’t know why you are awake, but you have to get to a computer because you think you may have discovered another way to manipulate your (all powerful) spreadsheet or database views to see things in a different light, learn something new or figure out a problem.

Maybe this urge comes to you while…

Who is Driving Your Business?

Tony Lael — Wed, 06 May 2009 17:49:59 +0000

As described in The E-Myth – Why Most Small Businesses Don’t Work and What to Do About IT by Michael Gerber, all of today’s small business owners are playing three roles.

Entrepreneur - envisions the future, but lacks execution

Manager - organizes everything, but forgets the big picture

Technician – gets work done, but to the detriment of all else…