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Category Archives: Depending upon others
What would happen to the business if you die, leave or are disabled?
Yes, we’re invincible when young When we are young and early in our business lives, we feel infallible to the degree that we do not think of what might happen if we die while in office or decide to leave … Continue reading
An economics lesson for growing companies
Catching up from past insights Growing companies usually require more working capital during their periods of rapid growth. In past insights we have calculated the amount of additional capital needed for a business as it grows, and the additional capital … Continue reading
Which is more important? Workplace safety or profits?
Its a new world out there Some businesses never sent people to work from home, told they were “essential businesses.” Soon more will reopen as weeks and months go by. That’s a relief for most of us from the combination … Continue reading
Do you even know what questions to ask?
Great executives and managers seem to intuitively know what they don’t know. But it is not at all uncommon to not even know what questions to ask. Who would have thought about COVID 19 and public’s panic responses? One week … Continue reading
Remember the FAIRNESS doctrine
Reduce the emotion; reduce the threat of lawsuit. You’ve certainly experienced the angry outburst from an associate or employee who has just learned of an event that the person took as “unfair,” no matter how rational the explanation by the … Continue reading
Warning: Contractors must really be independent!
Our challenge is getting more difficult How many of us have “hired” independent contractors over the years, a bit worried over the gray area between employee and contractor as defined by the IRS? Or separately the State of California? I’ve … Continue reading
Some thoughts about office politics
Where’s the threat? It is hard to separate this kind of advice from economic lessons in running a business, when office politics can threaten a business in ways that are subtle, but sometimes just as devastating as economic shocks or … Continue reading
Does your company culture encourage employee curiosity?
It’s more common than you think Some of the world’s best companies to work for are those that encourage employees to spend time following their own paths of curiosity toward development of new products or services. Google, 3M, Facebook, and … Continue reading
Can your employees recruit from a customer or supplier?
The recruitment traps It has happened to all of us who have been leaders in business long enough. One of your employees is approached by an employee of a customer or of a supplier, stating that “It sure would be … Continue reading
Do you empower others?
So, we’ve previously discussed why it is important for you to build consensus in an organization in most every major decision. To do that, you must be able to relinquish some degree of power, overriding decisions made by consensus only … Continue reading
