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Effective Leaders Foster Open Communication (11/26/2018) - As a leader, you want your team to follow you. To follow you, they need to trust you. To trust you, they need to believe what you say, and they want to know you care. It’s even better when you trust them too. Part of developing that trust, respect, and rapport you need to lead is open communication. It doesn’t just […]
Growing Fast? Here’s What’s Likely To Kill Your Company (11/1/2018) - If your goal is to grow your business fast, you need a positive cash flow cycle or the ability to raise money at a feverish pace. Anything less and you will quickly grow yourself out of business. A positive cash flow cycle simply means you get paid before you have to pay others. A negative […]
5 Ways To Get Your Business To Run Without You (10/15/2018) - Some owners focus on growing their profits, while others are obsessed with sales goals. Have you ever considered making it your primary goal to set up your business so that it can thrive and grow without you? A business not dependent on its owner is the ultimate asset to own. It allows you complete […]
Have you fallen into The Mile Wide Trap? (10/11/2018) - If your company’s revenue has stalled after a period of rapid growth, you may have fallen into The Mile Wide Trap. Consider the case of Kim (not her real name) who runs a public relations firm. Kim studied marketing at school and went on to work for a big advertising agency where she spent ten […]
Why Fire Trucks Always Back In (10/4/2018) - Have you ever noticed that fire trucks always back into the fire hall? Why don’t they just pull into their parking spot snout-forward like the rest of us? Backing in at the end of a shift saves them time when they have to get to a fire. They back in to be ready; whether the […]
Take a Blood Pressure Test for Your Business (9/27/2018) - When was the last time you had your blood pressure tested? Taking your blood pressure is one of the first things most doctors do before treating you for just about anything. How much pressure your blood is under as it courses through your veins is a reliable indicator of your overall health; and it can […]
Why Bother Doing It the Hard Way? (9/12/2018) - Whether you want to sell your business next year or a decade from now, you will have two basic options for an external sale: the financial or the strategic buyer. The Financial Buyer The financial buyer is buying the rights to your future profit stream, so the more profitable your business is expected to be, […]
The Best Leaders Empower Others (9/6/2018) - We become more powerful when we empower others. Great leaders unleash the leader within each person, liberating them to use their own power. Everyone wants to feel like they are contributing to the vision. You can empower others by acknowledging their strengths and potential contributions. First, identify their strengths. Ask people what they think are their strengths and the strengths of the other […]
Thinking Vs. Doing: The Owner’s Dilemma (8/31/2018) - There’s a steady breeze from the northwest, which cools the warm Caribbean afternoon. Framed between a palm tree and the turquoise water, you notice a man reading. He appears to be working, which seems strange given his appearance: shaggy blonde hair, linen shirt, surf shorts and flip-flops. You squint and realize the man is Richard […]
The Power of Consistent Evaluation (8/20/2018) - Evaluate every aspect of your organization on a regular basis. To ensure focus, productivity, efficiency, and successful results, everything from your people to your processes to your systems to your priorities to your projects needs to be consistently evaluated. Think of it like giving your organization a regular check-up to make sure it’s performing at an optimal level. Many executives focus on […]