When challenged to reach your goal, how do you choose the best way to get achieve it? John Ortberg once wrote about a man stranded on an island. He needed to make it across a large section of the ocean to the mainland that he could see in the distance. Read More →
Almost every business owner wants to grow their business. It is almost a universal desire. But there is a downside to growth. Growth creates complexity. And in the irony of all ironies, the complexity that is created by growth can also kill that growth at the same time. It’s anRead More →
We are in the midst of one of the largest transfers of wealth in history. This transfer is happening as baby boomers who own businesses are looking to sell their businesses as they move into retirement. As much as 80% of businesses owned by baby boomers will be sold inRead More →
Well, the second half is here. Many business owners are evaluating how they are doing with their goals for the year. (Actually, all business owners should be doing this, but some are not). Many businesses are doing fine. I was talking with some business partners this morning that were experiencingRead More →
I hope you have dreams. In a recent blog, I wrote about the importance of having dreams. Dreams drive innovation. They are the beginning of great change. Every innovative company began as a dream. But in order to bring a dream to reality, you have to be able to execute. Read More →
Have you heard of this latest craze on the Internet, they call it the “Birdbox Challenge”. It’s inspired by a series on Netflix where people have to stay blindfolded in order to protect themselves from going crazy or some evil spirit. (Full disclosure, I haven’t watched it). But the challengeRead More →
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 →