-
Search this blog
Archives
-
Recent Posts
- Should board members be elected “for life?”
- Fight for balance on your board!
- Your need for a board grows with complexity.
- Your board should protect you!
- Hire a consultant; ignore the advice!
- How to cheat legally on your tax return.
- Do you really need an accountant?
- Can your lawyer destroy a good business deal?
Categories
Category Archives: Depending upon others
Do employees value their options as ownership?
How about employees all the way down the line and through the corporation? How do we align them to the goals and strategies of the enterprise? Obviously for the appropriate individuals, a bonus program aligned to the department’s goals is … Continue reading
Would you pay a high achiever more than yourself?
Here’s a case study for yourself: Recently I was asked to review an offer letter for a senior director of business development. The CEO was concerned that he was offering far too much in the form of incentive compensation, with … Continue reading
Be careful about equity and options!
Here is the warning: The execution of equity allocations and of a good incentive program using equity is often mismanaged, damaging the corporate capitalization structure and even affecting the outcome of subsequent investment into the company. … and here is … Continue reading
Why we should fire fast, not last!
Our first reaction to marginal performance. Here is one that takes a real leap for a younger manager or CEO to believe. After hiring someone with all the attendant enthusiasm followed by the training and learning curve, if an employee … Continue reading
Hire as if your survival depends upon it.
Aside from visionary management, this is your most important job. Many of us go through the motions of hiring to fill a position, trying to use our intuition and skills to find the best candidate for the job. Sometimes we … Continue reading
Your fork in the road? Depending upon others.
I guarantee that there comes a time when growing businesses outgrow the original span of control of the entrepreneur. It is a critical period and is a test of the entrepreneur’s desire and ability to delegate. And I found from … Continue reading
Posted in Depending upon others, Growth!
1 Comment
A personal story about quality control
So, I tell personal stories to show that we all should look for lessons learned by others. Here’s one that is “on me.” As my enterprise computer software company which produced innovative lodging systems for hotels and resorts grew quickly, … Continue reading
A heartbreaking story about time and money.
First, think about your time as money! We’ll get to my heartbreak in a minute. But first… There is a relationship between timeand money that is more complex than most managers think. Fixed overhead for salaries, rent, equipment leases and … Continue reading
Have you found your “teacher customer?”
Your customers know what they want more than you do. Find one to teach you. This week’s insight came from personal experience and from a good friend who advanced the notion of the “teacher-customer” years ago. I internalized this phrase, … Continue reading
Make your detailed strategic plan!
In these past weeks, we explored the need for a tangible goal and strategies that are measurable as steps toward achievement of your goal. Today, we explore how to create tactics to accompany each strategy, and even suggest a number … Continue reading
Posted in Depending upon others, Growth!, Positioning
Leave a comment
