Archive for May, 2009
Critical Mistake #2: Hiring the Wrong People
Bad hiring decisions can destroy any business, big or small. Many hiring supervisors, even at the major corporate level, fail to hire wisely. Many simply do not know how to identify who is right and who is wrong for the job.
Turnover is one of the most expensive afflictions that can be found in a business. [...]Critical Mistake #1: Failure to Delegate
A few years ago, I was coaching a mid-career executive in launching a new business. He was a classic hands-on manager. When he started his own business, he hired talented people and delegated the work but failed to delegate any responsibility. He maintained all decision making authority because his own money was on the line. [...]
In Whose Hands is Your Future?
A friend of mine had been employed for many years at a Fortune 100 firm. He was nearing retirement age when he was notified that his position was being eliminated because of a recent merger of one of the company’s divisions. Although he was given a reasonable severance package, his dream of retiring comfortably had [...]
Grow, Stay Small, or Die
In my years of experience, I have worked with entrepreneurs that started with one man shops and went on to become multi-million dollar businesses. They all had several things in common.
Each of them started with a dream and a vision of what could be. To achieve this, they dedicated their time and talents to thinking, [...]Avoid Entrepreneurial Burnout
While being an entrepreneur brings rewards, it also brings its own set of unique challenges. One of the most necessary yet most often overlooked aspects of successful business building is preventing Entrepreneurial Burnout.
Entrepreneurial Burnout is defined as the process of extinguishing the light of enthusiasm by tirelessly pursuing the dream of financial independence, one [...]