For those of you who know me, my definition has been shared on numerous occasions. Granted, it is not the “traditional” definition that many people are used to but, after hearing it and processing what it means, its concept is widely applicable to many facets of your life.
Tag: Entrepreneur
Top 5 Questions for New CEOs
Which market are you going to go after?
Who are the four people you are going to get to help you?
The Potential of “Something”
If you have something that’s useful, something that you can make possible, its success will be inevitable! | (Useful + Possible = Inevitable)
Re-Innovating Your Business!
Innovation, whether most people think about it or not, is a key component to business. It can not only lay the (new) foundation for which your business will be built upon, it can also re-energize your existing business and take it to new levels!
Apple, as an example, which traditionally was a hardware/software company, re-innovated the entire music industry around the launch of its new product – the iPOD. Not only did the iPOD become a cultural phenomenon, it became the foundation for innovation within the company towards other products like the iPhone, iPad, and more. At $356/share for Apple stock – it’s clear that innovation is a key ingredient to the company’s success.
Focus on the Inner Circle!
Businesses are living, breathing entities. In fact, they are not that much different than the human body. Like the body, businesses have core functions (e.g. the equivalent of the “heart”) and they have supporting functions (e.g. the equivalent of “arms and legs”). Now, in the event of a negative incident, (e.g. an accident), the body’s focus immediately shifts from “business as usual” to “preservation mode” and it does so by harvesting a majority of the blood from other parts of the body to core functions so to ensure they remain active and functioning – even at the expense of its supporting functions. Why? Because the body knows that if it can’t keep its core functions operating, it’s a matter of time before death is its only option.
The “Infamous” Corporate Ladder!
“It’s good to be the King!”
Working hard and reaching the top is something that many strive for… and why not? It’s recognition for your hard work… it’s validation that you have the right stuff to make things happen – and the perks… the perks could be wonderful! Now, granted, there are a lot of challenges on your way to the top and, even more, once you arrive. But today, we’re going to talk about a few simple scenarios about how you may actually get there!
Board of Directors – Top 12!
It’s no secret that I believe having a board (of directors / advisers), formal or not, is critical to a company’s success. As in life and in business, perspective is key when making important decisions and having someone who has your (or your company’s) best interest in mind, is a valuable resource.
As I was reading yesterday, I came across some great information about questions that a board must ask to really gauge the state of a company. If you are a CEO who has a board and they are not asking these questions, maybe you need to augment your board (or, find new members all together). If you are currently a board member and not asking these questions, you need to start.
Regardless on which side of the table you sit, these are critical questions that require considerable thought. Granted – some questions may not apply to all businesses but, if nothing else, maybe asking some of these questions today will position the company on a successful track thereby allowing you to ask the remaining question later?
How to E-mail Busy People…
It’s no secret that today’s world is highly interconnected and more interdependent than ever before. And, in order to succeed in this world, obtaining the right guidance is more important than ever before. The challenge, however, is that many times, the people you seek guidance from are not directly connected to you – so, how do you ask for help? In many cases, we do what we feel most comfortable with – e-mail. It provides us the ability to reach out while still remaining in our comfort zone.
The challenge with e-mail, as with many initial communication methods, is that there is an art behind getting what you want without burdening the other person. All too often, we’re a mixed bag of information and rarely communicate all that we want to on the first attempt. In fact, many times we find ourselves reflecting back on the conversation either regretting something we said, or worse, didn’t say.
I came across a great post by Jason Freedman who outlined some tips on how to e-mail busy people… below are the key points. Valuable stuff.
Hosting Effective Meetings…
“Let’s have a meeting about that meeting… need to clarify some stuff. Yeah?”
Ever heard that one before? If you’re like me, then the answer’s probably yes. Today, meetings seem to be the abundant theme and while there’s a lot going on, it’s important to remember that meetings are only valuable when they are effective. So, how do you execute a successful meeting? Well, for me – it has everything to do with golf.
Love thy Vendor!
I came across a great article today via HBR about the vendor-customer dynamic and how, unfortunately, vendors take an unnecessary beating from their customers in the name of “good business”. All to often, I think people tend to forget that business is done between people – not machines, not companies… but PEOPLE! Therefore, if you want to get the best out of people, you need to start by putting the best into people – and you do that by exercising the Golden Rule (treat others as you would like to be treated).
Remember, in today’s globally competitive business environment, having strong ties to your vendors can yield tremendous insight, which could allow you to make better decisions. Your vendors have relationships with your competitors and have powerful insights on how the market is moving along. In addition, vendors can provide you with financing (e.g. net terms) that allow you to manage your cash flow more effectively. So, why would you want to treat someone who can help you, badly?
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