I recently had a conversation with a client who confided that she was hesitant to share financial information with her employees because they might think that she was pocketing all the profit. She owns a $30M business with a Net Operating Profit of around 10%. She feared that if the employees saw the P&L statements Read more »
About 25 years ago, while living in Munich, Germany, I had the opportunity of a lifetime. I had planned a vacation on the Spanish island of Ibiza but missed my flight, so I had to fly standby the next day. The next day, the boarding area was packed! After all the other passengers had boarded Read more »
Running a business is hard. Why do you do it? The answer to this simple question usually isn’t very simple. I work with business owners and their leadership teams on strategic planning and believe very strongly in the need for a business vision – an over-riding shared agreement about the long-range goals of the business. Read more »
Accountability is a loaded word – and it probably doesn’t mean what you think. Accountability is making a commitment and following through on that commitment. The commitment can be to a manager, the team, another team member, a subordinate, a customer, a supplier, a partner, or anyone else inside or outside the organization. We Read more »
Everyone in your organization should have at least one number. One of the components of “The Entrepreneurial Operating System”, based on the book “Traction” by Gino Wickman, is that every person in an organization should have at least one goal they are expected to hit. That goal should not be vague or conceptual…it should be Read more »
We’ve all heard Lao-tzu’s saying that “A journey of a thousand miles begins with a single step” so many times, we accept is as truth. We’ve accepted it as truth for over 2500 years! But I think it is wrong. The journey actually begins before the first step. It begins with the commitment to make the Read more »
Employees are the lifeblood of a company. If they struggle, your company struggles. If they soar, your company soars. If your company is growing rapidly it is probably due to some key employees, but some of the other employees may be drowning and if you don’t watch out, they could very well take the company Read more »