Business, Coaching, Managing, Strategic Planning

3 Important Performance Metrics to Consider in 2021

On February 11, 2021

Strong business leaders recognize that there is always room for improvement. However, it is often difficult to identify our pain points. Therefore, it is crucial that we reflect on our performance in order to determine what changes must occur. Here are 3 important performance metrics to consider in 2021: Sales revenue Sales revenue is the […]

Business, Strategic Planning

3 Things to Consider When Creating and Meeting Your 2021 Budget

On January 21, 2021

As we pivot to meet industry demands and the market shifts of 2021, it is imperative that we create realistic budgets for our businesses that allow us to cut unnecessary spending and generate more revenue. If there are financial goals you would like to achieve, consider these things when creating and meeting your 2021 budget: […]

Business, Coaching, Development, Executive Coaching, Learning, Managing, Strategic Planning

Trends Transforming the Industrial Manufacturing Industry in 2021

On December 17, 2020

Manufacturing is one of the leading industries across the world. As of late, tremendous developments have been made, transitioning the industrial sector at a fast pace. Here are a few leading trends that will influence the manufacturing industry in 2021 and beyond: 5G 5G is the fifth-generation technology that has revolutionized cellular communication as we […]

Business, Coaching, Managing, Strategic Planning

Reasons to be Thankful

On November 24, 2020

As we near the close of 2020, it’s easy to slip into review of the impactful moments that everyone around the world has endured — both personally and professionally. But today, let’s take a moment to reflect on the good things that came from 2020, and the hope of growth and positive developments in 2021. […]

Business, Coaching, Strategic Planning

Key Strategies to Alleviate Distribution Chain Disruptions

On November 12, 2020

In the midst of COVID-19, distribution chains may be a bit rocky. In this unprecedented crisis, distributors have been unable to predict market shifts and consumer demands. Therefore, many distributors have seen a decrease in productivity and sales. In order to sustain operations, businesses must find ways to adapt and minimize disruptions within their distribution […]

Business, Suppliers

Evaluating Supplier Performance

On September 30, 2020

Your company cannot satisfy customer demands and maintain operations without reliable suppliers. Suppliers provide product, and without product, you have no profit. If your suppliers cannot fill orders within a given timeline, productivity falls. Therefore, supplier performance is a key element in the success of your company. Now, more than ever, performance is critical. Leaving […]

Business, Development, Executive Coaching, Managing, Strategic Planning

The Three Pillars of Supply Chain Resilience

On September 17, 2020

Historically, we have seen the toll a national or global crisis—such as war or acts of terrorism—can have on our economy. In 2020, we are facing a global pandemic that has forced many businesses to shut down operations and has left millions unemployed. The Bureau of Labor Statistics reports that within two months of the […]

Business, Executive Coaching, Learning

Where Are We Now?

On July 15, 2020

There are a lot of questions right now in life and business: What’s next? What’s the impact? How long? Who can we rely on for the latest and most reliable information? At Floro Business Strategies, we’re working through several business-related questions in our 5-Part Executive Coaching Series, helping business-minded individuals understand how to plan for uncertainty […]

Business, Coaching, Development, Executive Coaching

Embrace Change with Effective Succession Planning

On June 18, 2020

As many of us have learned over the past months, we can’t predict the future–maybe this time has sparked your business to change leaders or direction. No matter what your size, you can’t run a business without talented people ready to move into key positions when the current occupants leave. Even the most successful companies […]

Business, Coaching, Development, Executive Coaching, Leadership

Key Components of a Business’ Strategic Plan

On May 21, 2020

At Floro Business Strategies, we believe that a business’s best results are achieved through relationships and strategic planning. We’ve put together a set of key components for building a strategic business plan. In addition to these standard ingredients, the experts at Floro Business Strategies listen to clients, evaluate their options, and collectively create a plan […]

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