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As a business owner, you know what itâs like to lie awake at 2 a.m. Maybe it has happened when you are excited and full of new ideas for your business. More often, itâs because you are worried about issues you will face the next day. Sometimes, itâs because you just woke up with the solution to a problem. Iâve experienced all those emotions about my businesses over the years. Awake at 2 oâclock? is where I share them with you, and hopefully help with answers that will let you sleep.
John F. Dini, CExP, CEPA
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Small business owners are the Hunters of the 21st century. We are 3% of the US population, and yet we create over half of all American jobs. As Hunters, we may not be inclined to manage by the numbers or stick to systems. Are you a Hunter or a Farmer?
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How prepared are you to exit your company?
The Assessment breaks down the four major categories of exit readiness; Finance, Planning, Operations and Revenue/Profit.
Tag Archives: business
One Response to Business Buyers: The “Buy Now, Pay Later” Generation
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Time Bankruptcy and Communications Technology
A friend says that she hasn’t been able to tackle any new projects because she is in “time bankruptcy.” It expresses very well how she feels about her ability to control her schedule, but she has been claiming bankruptcy for … Continue reading
4 Responses to Time Bankruptcy and Communications Technology
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Does calendaring every minute of the day help?
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To solution may come in the difference between management and leadership. “Management is doing things right. Leadership is doing the right things.”Management’s purpose is to accomplish work efficiently. The phone can help this, but it also makes us spend more time ‘reacting’ to greatly increased stimuli. Leadership is responsible for setting direction and getting the things done that are most important to success. If we can get back more time to spend thinking, planning and acting strategically in a changing world we could accomplish more important things.
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Time bankruptcy – I lovge it. So true. Technology is one thing our behaviours another. Someone said to me once “What about if Bill Gates came before Alexander Bell. We are sending everything through email and Bell comes along and says; Don’t worry I’ve got this! I have invented a phone, you can get through to people straight away” Yeah right!
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Ownership Transfer and Employee Security
When we start planning for the sale of a company, many owners ask me about sharing information with employees. They are naturally concerned that an ownership transfer will cause their workers to seek more secure positions elsewhere. This is true whether … Continue reading
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Generational Differences and Identity Politics
Generational differences are a hot topic for organizational behaviorists. Is this a real issue, or is it just the current management fad? “Never in history have we seen four generations together in the workplace.” That line starts thousands of articles … Continue reading
3 Responses to Generational Differences and Identity Politics
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The boomers and the millennials should appreciate the strength, knowledge and understanding of each generation, by so doing an effective structure can emerge which could yield high valuable growth and benefits for both generation.
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I believe it all comes down to empathetic listening on each generational level. This takes active listening to another level where you connect with another’s core emotional being, in addition to understanding the message. Seek first to understand and apply the platinum rule (treat others the way they want to be treated). Working with multiple generations also requires informed leadership styles: not the leadership based on the “seat of your pants”, but leadership that is adapted based on the study and application of leadership principles. Yes, different generations are products of their political, economic, and cultural environments; but this isn’t a bad thing. It has been established through many studies that the more diverse a team is, the stronger it is!
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I’m adding my two cents to elaborate on this in your article: “The âGenerational Differencesâ seminars that business owners need arenât just about how to deal with employees who think differently and hold different values. We need some idea of how to deal with workers who . . . are being told that the blame rests squarely on the boss.”
Okay, first a warning: Millennials probably should not read my comment or listen to my podcast: Some millennials are among the kinds of employees increasingly destroying small businesses. (And undermining larger employers.) Not all of them, but a certain kind. At the risk of offending some people, but with the intent of helping employers, my brief podcast may be enlightening (itâs on my website): http://partneroncall.com/kinds-of-employees-increasingly-destroying-small-businesses/
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Employee Gratitude isn’t Loyalty
Most of us have heard something like this expression of employee gratitude. “I’ve enjoyed working here. You taught me so much, and you’ve always treated me well. But the company down the road is paying a lot more for people with my … Continue reading
One Response to Employee Gratitude isn’t Loyalty
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Spot On. If you want loyalty get a dog. If you want a good performing business hire people who are ambitious, responsible, hard working and learn new things fast. Have a process to get them productive as soon as possible. Then try to keep them engaged and challenged as long as you can. Keep making them as valuable to the company as possible and pay them proportionally. When they leave, you will feel the impact, but the ability to repeat these steps can be a very valuable CSF for a highly successful organization.
This is one of the most realistic articles I’ve read on the topic. Sellers would be wise to listen to their advisors, and be advised earlier than they think they should.