Your company has hidden pockets of cash – here is how to find them.

“Cash is key, and Elvis is the King!” kept asserting my trainer at this intensive 2-week long management consulting training 20+ years ago in the cold Boston winter. This was a twist on the famous “cash is king” motto – trying to convey to us non-Americans how much Elvis meant to him while emphasizing his important cash message.

With times as they are, cash seems to have taken back its throne for many small and mid-sized businesses.

Best New Year’s resolution? A “stop doing” list

Each time the New Year rolls around and I sit down to do my annual resolutions, I reflect back to a lesson taught me by a remarkable teacher. In my mid-20s, I took a course on creativity and innovation from Rochelle Myers and Michael Ray at the Stanford Graduate School of Business, and I kept in touch with them after I graduated.

One day, Rochelle pointed to my ferocious work pace and said, “I notice, Jim, that you are a rather undisciplined person.”