I speak to Vistage groups across the country on “Understanding Financial Performance”. The one book I recommend on this topic is Financial Intelligence. It’s a great book to help small business owners and operators better understand their company’s financial performance. Here’s a recent book review. If you’ve ever felt that your financial statements are telling Read more about Book Review: Financial Intelligence[…]
I have wanted to be a coach ever since I was 16. I wasn’t good enough at the time to play varsity sports at my high school of over 4,000 students, so I decided to do the next best thing…coach. I volunteered to coach Little League basketball and baseball. It was a ball! Not long Read more about My Favorite Coaching Questions (Part I)[…]
In December 2009, I shared this book review in this newsletter. The economy had taken a deep dive, and I thought this book was very helpful in addressing that decline for small business owners. Likewise, I think it is equally helpful in today’s world. Best-selling author Keith McFarland wrote one of my favorite books, The Read more about Book Review: Bounce[…]
It depends. A couple of years ago, I wrote an article about terrorists. You may recall that according to the Welch Grid, a terrorist employee gives you above-average job performance and below-average employee behavior. The question then was whether you should fire them. The easy answer was “Of course”. The reality is it’s typically a Read more about Should You Fire Your Cheerleader?[…]
The 80/20 Principle argues that a small number of causes typically drive the majority of results—roughly 20% of inputs produce 80% of outcomes. Richard Koch takes this familiar idea (the Pareto Principle) and shows how intentionally applying it can dramatically improve performance, profitability, and quality of life. For small business owners, this book is a Read more about Book Review: The 80/20 Principle[…]
I believe that one of the most important roles of the small business executive is “Scorekeeper”. You are responsible for making sure that the score is being kept in your business and that your team members are seeing the numbers they need to see. My experience is that many small business owners see monthly financial Read more about My Top Five Financial Numbers[…]
Onboarding: “The process by which a new employee learns the ropes and gets settled.” Waterboarding: “An interrogation technique in which water is forced into a detainee’s mouth and nose so as to induce the sensation of drowning.” Finding and retaining top talent has never been harder for small businesses. Research indicates that, in most Read more about Are You Onboarding or Waterboarding Your New Employees?[…]
(You are welcome to sing along) On the first day of Entrepreneurial Bliss-mas Small Business Matters gave to me; A Huge New Order from my best customer to start the new year (with a large upfront deposit) On the second day of Entrepreneurial Bliss-mas Small Business Matters gave to me; 2 Great New Salespeople Read more about The Twelve Days of Entrepreneurial Bliss-mas[…]
This time of year, I am prone to reflect on the gifts of life for which I am most thankful. I hope that sharing my list might prompt you to share your own list with those you care about the most. I am thankful for the clients I work with who challenge me in ways Read more about It’s the Season of Thanksgiving[…]
As a university alumnus, how often do you hear from your alma mater? I receive some type of communication from my alma mater almost weekly. It includes timely updates from the Tulane University president, fundraising solicitations from the development office, and frequent invitations to attend various university alumni events, both in Atlanta and New Orleans. Read more about How Are You Treating Your Employee Alumni?[…]