The “Rule of 3 or 10” has been around for a while. In essence, it goes like this, “Everything breaks at multiples of 3 and powers of 10”. And while I believe we can debate the validity of it at every level, I propose that it does lead us to goodRead More →
For many business owners, December marks the end of another year and January brings about a fresh start. Opportunities abound. Optimism is high. You are finalizing your budget (let’s face it, most of you haven’t finished your budget yet). With the new budget brings opportunities to make new investments inRead More →
Up until now, we have reviewed four traps that are common in nearly every business. The first two capture you in start-up phase. The third and fourth traps are only encountered when a company encounters some level of success. The fifth trap of a company or organization is the declineRead More →
The success trap is the fourth trap that is encountered by the business owner. Earlier we shared the first three traps. The honeymoon trap and the “three feet from gold” trap both occur in the startup phase. The founder’s trap, (aka the entrepreneur trap) occurs during the growth phase andRead More →
I have a good sense of direction. I used to think this was something that was to be learned. After all, I was a Boy Scout, an Eagle Scout, no less. And we were taught all the skills of using a map and compass. I’ve backpacked in the mountains for daysRead More →
Blind spots. You know what they are. If you’ve ever started to switch lanes and heard that disconcerting sound of another driver honking, you know that you have blind spots. It is such a danger that many of today’s cars have warning systems for us now. Like so many modernRead More →
In an earlier blog, I wrote about the “honeymoon trap”. This is the first trap of an entrepreneur. The second trap is called “three feet from gold”. And, like the honeymoon trap, it happens early in the start-up phase of a company. It is also one of the most commonRead More →
There are two roadblocks that often get in the way of growth, and they are closely intertwined. The first is fear. The second is having a scarcity mindset. These two roadblocks to growth can undermine all the plans and dreams of any entrepreneur. Every business owner I know wants toRead More →