Size Matters
Size matters. That’s the size of your company. Not in terms of sales, but in terms of complexity as measured by the number of people you need to deal with including part time personnel, fractional personnel, and contractors.
Leadership
Is Something Missing?
As businesses grow, they often find that they forgot a piece of the puzzle, or that the puzzle itself has changed a bit. Find what is missing now and reintroduce it to make your business healthier.
Is Something Missing? Read More »
There Are Broken COGS in Your Business
Don’t let your business stop turning REVENUE into CASH and Assets thanks to one or more broken COGS. Every leader in a business needs to have a modicum of financial knowledge and understanding.
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Lead, Lag and KPI
Businesses from startup to fully mature need both leading and lagging indicators to assess how they are doing and plot a new and revised course for the immediate and long range future. I prefer to think of KPI as either Key Performance Indicators (lagging) or Key Predictive Indicators (leading).
REV Up the Motor of Your Business
Please bear with me as I get a bit technical and then relate the motor in your vehicle to the motor in your business . . . It’s a well thought out and designed balance of all that is expected of the motor . . . How have you designed your business to turn speed (revenue) into useful torque/horsepower (earnings) that allow you to do something useful (valuable)?
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The Right Tools for Success
Do you have the right tools and know when and how to apply them? Don’t use a hammer when a screw driver is needed. Yes, you can use a screw driver as a chisel, but it is not the best use. Your business success depends on the right tools at the right time and used properly.
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Problems with Engaging Employees?
Work and wellbeing should fit together. Businesses thrive when their people do. Interview with Danielle Dinkelman. Her company, Advanced Corporate Wellness at www.acwcoaching.com partners with small businesses, nonprofits, and professional services firms to provide personalized wellness coaching that helps employees manage stress, improve wellbeing, and boost performance and engagement.
Problems with Engaging Employees? Read More »
Disrupt Yourself or Be Disrupted
Before you decide to accept an investment from a private equity company, consider the alternative of improving the company yourself. Accept PE investment dollars and you very likely will need to continue working at the company for 1-5 years after you take PE money. You may be enticed to make more money with a “second bite of the apple” when the PE firm exits. That exit has grown from a typical 3 years to nearly 7 years.
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7 Reasons for CEO to Communicate Effectively
Communications is vital to anyone leading a business or even a part of a business. You would be hard pressed to over communicate. Here are seven reasons with explanations following.
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The GAME is UP. Or is it?
The GAMEs are over! At least The Games of the XXXIII (33rd) Olympiad are over. But your GAME never ends. The race to the finish for the year is now on and in full swing. You likely closed the books on the first 7 months of the year and you now have choices for the remainder of the race. . . . The choice is yours. What is your GAME plan?
The GAME is UP. Or is it? Read More »
Don’t Lie to Yourself!
It’s likely human nature for people to lie to themselves and to others. Have you ever caught a child doing something wrong, confronted them, and their immediate response is something like, “I didn’t do it!”?
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Let’s Do It!
The Iditaod sled race is coming up. There are some important items to consider for business when comparing to how a leader chooses and trains the team.
7 Reasons to Participate in a Peer Advisory Team
PAT yourself on your back if you are already working with a peer group in your industry. As business owners and leaders you constantly face a never ending and ever changing set of Challenges, Opportunities, Problems and Ideas (COPIs). Having a strong support network, a TEAM (Together Everyone Achieves More) of similar leaders, can make a significant difference in your success.
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No Time? Time is of the Essence. There’s No Time Like the Present.
You can’t become a better runner or swimmer without taking the time to practice and confer with others. So, what are you going to do to free up more time for yourself since you cannot create more time? No Time, No Effort, No Growth
No Time? Time is of the Essence. There’s No Time Like the Present. Read More »
An Update Is Available for . . .
What operating systems do you deal with at work and personally. Do you know what they are? How do you update them?
What is your own WHY.os operating system? Do you need a new B.O.S.S. as in Business Operating System Strategy?
An Update Is Available for . . . Read More »
Who WILL You TRUST to Run Your Business?
My wife and I recently finished updating our wills and trusts. It had been ten years since the last update. . . . Our lawyer and our financial planner, separately, asked about our plans for the consulting business. . . . What about YOU?
Who WILL You TRUST to Run Your Business? Read More »
BLUF Your Way to Success
A better way to make your point quickly is to simplify it and clarify at the end.
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If you’re bored, it’s time to get a board
After years of building your business, often from scratch, you’ve reached a point of satisfaction with the lifestyle the business is providing. BUT. For any business, growth is an imperative. If you ever hope to transfer the wealth of your business onto your personal account of net worth, you may well have some serious business
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SuperBowl LVII Business Lessons
A week has gone by since SuperBowl LVII ended. The world did not end. The world did not change because of the sports extravaganza. Some are still talking about the unique commercials—others are . . .
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Peer Into The Future
January is a good time to look to the future. It starts in the first week with the big CES show in Las Vegas where concept vehicles, prototypes of all sorts, and advanced ind advanced ideas for technology are…
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Leadership REQUIRES Meetings
Who likes meetings? I’d guess a majority of people don’t. That’s likely due to them being so poorly run and called for the wrong reasons. Yet, leadership REQUIRES meetings. Leaders get things done by…
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Go Together
Ever had to wait for someone? But then, the reason for the wait turned out to be some preparatory activity the other person did that ends up making things more convenient or saving the day? If so, you…
Success Planning Beats All
That leaves us with Succession Planning. Normally that implies having someone to succeed you in business. In the corporate world, you won’t be able to be promoted unless you develop someone to…
Success Planning Beats All Read More »
What’s That You Say?
One generation has always had trouble understanding the next generation. Learning to bridge the communication gap is challenging for generations, races, nationalities, genders, political leanings…
What’s That You Say? Read More »
Is Your Smartphone Today’s Crystal Ball?
Can you see into the FUTURE? Are you up-to-date on TODAY? Have you studied the PAST to avoid repeating mistakes? A successful business owner and leader needs to do all three time and again. We cannot hide our heads in the sand ignoring all that has happened, is happening, and will happen without us making
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SWAT the SWOT and Make a KISS
Take a flyswatter and swat the standard SWOT analysis. Instead, do a SWAT for Special Weapons Accelerating Tactics and throw in some love with a KISS.
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Get Ready to Partee
My lovely wife, Susan, and I wish you much happiness, joy, and gratitude for the blessing you have this holiday season. Since 1990, we have been creating our own greeting for family, friends, and colleagues.
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Is Judgement Day Coming? Here Comes DA Judge!
I fully expect we are going to see lots more court cases in the near future. It will involve the election, evictions, insurance coverage, OSHA violations, PPP forgiveness, civil unrest, business dissolution, partnership…
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Are You for Thee or Them?
I suggest the golden rule still holds. Our parents quickly learn that we are different and God knows we are different. We want to be treated as individuals, so the golden rule recognizes that others also want to be treated as the individuals they are.
Are You for Thee or Them? Read More »
Can You STOP the Dominoes Falling?
While in lock down or in lock up, I’ve been busy learning some new tricks and making use of LinkedIn for thought leadership. I’ve posted about 90 items since my last newsletter, many of which are…
Can You STOP the Dominoes Falling? Read More »