Archive for the ‘General’ Category
You deserve to get more money from the business today and whenever you decide to transition it to a key employee, a family member, private equity, or some strategically motivated company. You need to have more time for your life and for your family.
I’m amazed at what I am learning about business and transportation by observing my 14-month-old grandson. . . . I’ve learned the importance of positive motivation and correcting bad behavior. I’ve learned that we are wired from birth—it’s all about identifying everything, keeping information on everything, moving everything faster, better, cheaper from . . .
You might wonder what a sleek, German sports car can have to do with strategy for any business, let alone yours. It should not come as a surprise that a German company has a long-range strategy—it’s called Strategy 2025. It’s all about value, growth, uniqueness, return, innovation, sustainability, customers, employees, and suppliers. All of that in a single picture. . . .
Yes, no matter what the state of your business—growing like mad, falling precipitously, or mired in the mud—you need a trip to the “ER.” The doctor is in and can help you to lose weight, improve your BP, and help you to be healthier, happier, and live longer. Where is this magical business hospital located?
Mexico, Brazil, Japan, Korea, India, China, and Vietnam have all taken their turns as the low-cost labor, greatest new market for the growth of companies. What’s the next big place for growth? I’d say it’s . . .
Do you spend as much time preparing your business for the next year as you do strategizing how to win a game? Watch someone play Bridge or Poker and you’ll see how well they’ve prepared. We even watch Poker players on TV now. Some find that exciting. Make your business more fun with gamification.
Work together, but stay at home or on the road. Just putting people together in an office is not going to make them work together.
It’s a great time of year for sports fans. Almost every sport is being played right now. We love seeing how the plans of the sports coaches play out, hopefully ending in a win for our favorite team. How about your business? It’s 4th and less than 60 days to go. What’s your business plan?
Golden Rule—“Treat others the way you want to be treated.” Platinum Rule—“Treat others the way they want to be treated.” The focus changes from “you” to “they.” It changes from internally focused to externally focused. It changes from how things are delivered to how things are received. Determining how others want to be treated sounds like trying to read someone else’s mind. It’s taken me 40 years of marriage . . . I’m a slow learner.
One of the principles of statistics is to throw out the unexpected high and low data, to concentrate on the core, repeatable inputs. We are looking for trends, not outliers. Every day, though, I see businesses unable to keep a steady beat to their operation due to some outlier that disrupts them. . . . There’s one more thing to disruption, though. For the small start-up, it’s the key to success. For the established industry participants, it’s a risk for failure and loss of customers and revenue.