Laborie’s Post

Are you currently in an #accounting quandary? Is applying your Cost of Goods Sold (COGS) impacting your ability to forecast profitability and scale the business? Well we can help! Salsas Don Sebastian (www.salsasdonsebastian.com) – a Hispanic female-owned business creating fresh, authentic Mexican salsas and dips, was facing challenges with the practical application of its Cost of Goods Sold (COGS) accounting practices. Those challenges began to impact growth and the companies ability to gain significant market penetration. Through GENEDGE Alliance's Emerging Business Leaders Program, Salsas Don Sebastian was able to gain valuable insights into COGS, which enhanced the company's decision-making capabilities. Ultimately, this led to pathways for sustainable growth in a highly competitive industry. 🌶️ GENEDGE performed three key processes to assist: 👉A Data Audit: An in-depth review of historical financial data. 👉Enhanced Documentation Methodology: Documentation insight to ensure consistency in documenting costs across all business categories. 👉Improved Data Visibility: A half-day working session to develop a template that provides improved data visibility into cost drivers and variances. To learn more, read the full case study here: https://ow.ly/ZJqL50SA0w0 Do you have a manufacturing business with fewer than 20 employees in Virginia? Visit https://ow.ly/kSMy50SA0vY to learn more about the Emerging Business Leadership Program. #COGS #HispanicOwned #ForecastingProfitability #richmondva #richmondbusiness #Foodmanufacturing

Employee Spotlight Erin Nardozzi, MPA Our employee spotlight is shining! Erin Nardozzi, MPA, a Practice Transformation Consultant at GLIN IPA, provided the following insights into her life, in and out of the office. What does your job entail? As a Practice Transformation Consultant (PTC), I am a liaison between network practices and GLIN IPA. I meet with practices monthly to review quality performance data and quality improvement processes and communicate updates from GLIN IPA, to name just a few things. I am on the road a lot. Who inspired you to pursue the career you have today? One person who immediately comes to mind is Pat Warrington. She was the Assistant Director of Alumni at UB Law School when I worked there in my late teens and has been a role model to me ever since. Concerning my current career, Vinny Lauricella convinced me to apply to GLIN IPA several years ago, and my husband, Dave, supported me with this career change. Tell me something about you that most people don’t know. When I was eight (8) years old, I was a self-proclaimed shark expert and decided to borrow the bestseller “Jaws” by Peter Benchley from the library. I read the whole book. Allegedly, my teacher was not happy about it. What is your favorite place to eat in Buffalo? I can’t choose just one. Lately, I’ve been enjoying Taisho Bistro and Brunner’s Tavern. What is the best advice you can give someone who has just started his or her career? Two things: 1. Not everyone is going to like you, period. Don’t let that impede you. 2. You won't figure everything out right away. It takes a decent amount of time. Just keep going.

🔑 Accountability and Complexity: Navigating the CEO’s and senior leaders’ Dilemma I’ve been reading a book about the hard life of a CEO In this video I discuss what does fair accountability look like Like if you agree 🌟 Let’s explore this in the context of training providers and business growth. What does fair accountability look like ?

How intentional are you about how you spend your time at work? I love this concept of Ram Krishnan tracking his time into five key categories: running the business, people & culture, long-term strategy, learning and relationships. I also love that learning gets an equal footing with running the business! It's that important, even at the top to keep investing in your own learning. #timemanagement #continiouslearning #thehaloplanner #pepsi

Are our future business leaders too soft? Today I judged high school students in DECA competition (it’s basically like lettering in Business where the high scorers go on to State competition) The category was Restaurant Management, and the students had to decide the fate of a financially strapped employee who was caught stealing food Only 1 out of 7 competitors argued that workers need to understand there are consequences to stealing, and the employee would be made an example of if caught again The other 6 all acknowledged stealing was definitely against policy, but since there was already so much wasted food in the world, and the employee was otherwise a hard worker (some of them assumed), they proposed really creative solutions aimed at maintaining the employee’s job and dignity In similar scenarios, I’ve given employees a warning and then the boot, but then again I’m a ruthless Generation X’er As the next generation prepares to enter the work force, I think their empathy is a good thing—the silver lining around being “too soft” What would you do?

Check out this article on Coolest Things Made in the Ozarks and be sure to vote! I know who I voted for! #Hilanddairy #besticecreamever

Anyone who loves brands and strategy has an opinion about Roger Martin. I happen to be a fan. His most recent post on medium is subtitled "Cheeseburger & Pepsi". This quote sums up the main point, referencing the popular Olympia Diner SNL skit from the late 70s: "If you think you need help from a ‘strategy consulting firm,’ you will be at Olympia Restaurant and what will be on offer is cheeseburger & Pepsi, regardless of what you want or need. Cheeseburger is a case team and Pepsi is insights from your direct competitors." His point is that the main value a Big 3 firm is going to bring to you is knowledge that others have - whether that's from a business school class, from working with your competitors, or from a basic quant study that your competitors have run a variation of themselves. Now, I happen to have quite a few good friends who work (or have worked) at big management consulting firms who I know are good people doing good work, and who produce results for clients. But I will say this: there is only so far that "best practices" can get you. What really has the power to transform brands and help them break out in their category is new insight into the what truly drives decision-making and preference among their customers. That's #Humantruth. https://lnkd.in/gdcCqf7G

Rothschild & Co’s Global Advisory business and Redburn Atlantic recently hosted its inaugural annual Consumer Conference, convening a senior political leader and senior business leaders from across a range of consumer goods companies and consumer investors to discuss how they are managing their businesses in an increasingly uncertain geopolitical environment. While the global consumer goods industry has shown remarkable resilience in the face of inflation and supply chain disruptions in recent years, managing geopolitical risks remains high on the agenda of boardrooms across the consumer sector. The conference highlighted diverse perspectives on growth, innovation, and resilience in the sector, underscoring the importance of adaptability in a rapidly changing global landscape. We were proud to be joined by the then Deputy Prime Minister of the UK and CEOs of both public and private companies, including Associated British Foods, The Coca-Cola Company and its largest bottler, Coca-Cola Europacific Partners, Califia Farms, JAB (Keurig Dr Pepper, JDE Peets, Coty, Pret etc.), Olam, PAI ( Refresco, Froneri, Tropicana etc.) and Upfield, among others. #GlobalAdvisory #RedburnAtlantic #ConsumerGoods #GeopoliticalAdvisory

Let it be known that TIME magazine, in its noble and purposeful movement, has embarked upon a journey to shape the demographical narrative within democracy. Time magazine shall illuminate the voices and stories that embody the essence of democratic ideals. Through its insightful narratives and powerful storytelling, Time magazine declares its mission to empower, educate, and inspire individuals across the globe to embrace the values of democracy and champion the principles of equality, justice, and freedom. Let the world bear witness to the transformative impact of Time magazine's demographical narrative, as it paves the way for a brighter, more inclusive, and harmonious future for all. In a democratic society, significant power and potential are held by individuals through their actions. Change can be effected by each person, and the enhancement of their community and society as a whole is within their capacity. Progress is achieved, voices are heard, and positive transformations are brought about through the combined efforts of individuals. Individuals serving as catalysts for change by engaging in purposeful activities and taking visionary actions. Democratic processes, including voting, advocating, and community engagement, empower individuals to shape the future and influence decision-making. Innovation is fueled, dialogues are ignited, and inspiration is provided for others to unite in pursuing shared objectives through their ideas, perspectives, and initiatives. Furthermore, individual involvement in democratic processes is seen as vital for maintaining a vibrant and healthy society. Representation of diverse voices, addressing pertinent issues, and considering the needs of all members of society are ensured through it. Leaders and institutions are held accountable, social justice is championed, and efforts are made towards fostering a more inclusive and equitable society by their actions. The influence of individual action transcends the present generation and leaves a lasting impact on the future. Encouraging active participation and fostering visionary thinking equips the next generation to become informed, engaged citizens dedicated to upholding democratic values and principles. Today's actions shape the world inherited by future generations, underscoring the responsibility to create a world characterized by opportunity, equality, and progress. I believe the voice, which the vast power of individual action in a democratic society is highlighted. Encouragement to engage in purposeful activities and pursue visionary actions unlocks the potential for positive change and advancement. Through collective efforts, the course of history is steered, inspiration is provided for others, and a brighter future is constructed for all. Embracing roles as active citizens, participating in democratic processes, and collaborating towards shaping a society reflective of values and aspirations is encouraged. #Actions #Vision #Voices #Empowerment

Opinion: McDonald's pushback on the $18 Big Mac meal raises a few questions LINK: https://lnkd.in/ervW6_pn #ConsultingIssues #TheDailyConsultant #Strategy #Innovation #Leadership #Management #Business #Operations #Advisory #Finance #Project #Policy #Process #Technology