Six Steps to Lead Your Business (And Yourself) Through an Unexpected Setback
Small business owners are vulnerable to major disruptions when life throws a curve-ball. We make ambitious plans with "permanent" deadlines, knowing that one unexpected event can derail everything and we will need to pivot.
The Three Things Companies Need to Thrive
I've had a slew of podcast interviews over the last few weeks, and virtually all of the hosts have asked me what I think is the necessary ingredient for continued business growth. I speak from a place of making mistakes, and from getting things right over the last 20 years.The three things I believe companies need to survive are a market niche, relevancy, and a mindset of greatness. I've named them in order of difficulty.
Who Is the Best Sales Person in Your Company?
One of my coaching clients called me this week, asking for advice on where to find a great sales rep. She's launching a start-up that has been in the works for months, and is obviously anxious to get her product to the market. My advice to her was to look in the mirror. That's where she would find her best sales rep.
A Higher-Level Leadership Framework & Inspiring Through Adversity
As one who sees leadership and spirituality as two sides of the same coin, I often refer to Deepak's 7-Step Framework for LEADERS. Deepak describes a leader as "the symbolic soul of a group of consciousness." He says that group consciousness could be a family, an organization, a community, a country or the whole world. He explains that the leader represents the longings, the aspirations, the deepest desires of the group, so in a sense, "the soul." This is exactly why the CEO owns the culture of an organization, which is the organizational DNA.
Making a Partnership Work
Businesses can't grow without strategic partnerships. When thoughtfully selected, the right partner can enhance a company's client base, capabilities, market presence, and overall brand. When selected poorly, the wrong partner can result in wasted time, energy, and resources, with nothing to show for your efforts, and can potentially harm your company or reputation.
Selecting your networking communities; Top DC 7, best learning community, favorite online spots, best events
As a follow-up to my March 10th Washington Business Report segment on strategic networking (http://bcove.me/xuc1biiy), I've compiled strategies on selecting the networking communities that are right for you. I've also listed the top 10 networking communities, along with information on the best learning community, the best events, and my favorite online spots.First, let's look at five ways that will help you decide where and with whom your should spend your valuable time.
Feeding Your 4 Food Groups in 2013: Mind, Body, Heart/Soul, Spirit
Forget the USDA Food Pyramid (at least for the next few minutes). The four food groups that truly nourish us are our Mind, Body, Heart/Soul, and Spirit. When we feed these every day, the rest of life takes care of itself.Here are specific ways you can feed these four food groups in 2013.
As an Entrepreneur, 11 Things For Which I am Thankful
It's always the right time to live life from a place of gratitude. With Thanksgiving just around the corner, today I reflect on what it means to be thankful as an entrepreneur.
Two Most Common Entrepreneurial Attributes - Not What You Think!
Entrepreneurs know that they require tremendous resilience and energy to recover from setbacks, move through challenges, and inspire others when situations are difficult. I'm often asked how I do have so much energy - especially since I live a caffeine-free/sugar-free life (no coffee, soda - or even chocolate as of October 1st).I never have an answer because I don't really understand what people are talking about. I only operate at this energy level. Anything else seems to be in slow motion.Most entrepreneurs have two common attributes:ADD/ADHDA high BS level (always well-intentioned of course.) This could also be known as eternal optimism or eternal positivity
Bracing for Sequestration - IF It Happens At All
n my meeting today with my customers at Defense Logistics Agency, one of the Directors asked me, "Marissa, how is Information Experts preparing for sequestration?" The question caught me off guard, but fortunately, I've attended so many events to learn about sequestration strategies that I was quick on my feet to answer.Here are the five strategies we've implemented to prepare for budget cuts:
The New World of Learning & Workforce Implications
Last month, I attended the quarterly Chief Learning Officers (CLO) breakfast led by CLO Media (www.clomedia.com). The panel and discussion centered around the changes occurring in the workforce, and the convergence of education, skills, and work. As someone who has a Master's Degree in Instructional Systems Design/Curriculum Development, and as CEO of a company (www.informationexperts.com) that provides education and training solutions to the market, I've always been interested in how social changes impact educational trends in the workforce.Much of my information is from one of the best resources I have encountered on this topic: The Apollo Research Institute (www.apolloresearchinstitute.org).
Verne Harnish's Pearls of Entrepreneurial Wisdom: A Global Perspective
The evening of Monday August 20th was a night to remember. Verne Harnish, who is Founder of Entrepreneurs Organization (EO), Founder and CEO of Gazelles, Venture Columnist for Fortune Magazine, and Author of the international bestseller "Mastering the Rockefeller Habits," spoke to the Washington DC Chapter 0f EO. His visit was especially meaningful because EO is celebrating its 25th year, and the DC chapter was the inaugural EO chapter.Harnish brings more than 30 years of entrepreneurship experience, a global perspective, and an unmatched understanding of what business owners require to build lasting companies. Fifty business owners gathered at the home of our chapter president for education and inspiration from the individual who was responsible for creating the world's largest entrepreneurial community.
Running a GovCon Business in Today's Economic Climate - 7 Drivers & 6 Trends to Know
The Deltek Summer Party attracted close to 1,000 people in the government contracting space this week. Sandwiched between two great networking opportunities was a two-hour overview of the government contracting landscape, and a non-sugarcoated assessment of what companies have to do if they are to survive the current environment.Robert Lohfeld, President of Lohfeld Consulting and a capture management expert, gave his assessment of 7 market drivers, and how businesses should manage them to stay competitive. Jim McCarthy, Owner of AOC Key Solutions which supports $3.4 billion per year in client wins, and also a capture management expert, outlined 6 key trends that business owners must accommodate to keep moving forward.
When the CEO Must Become the CPO (Chief Process Officer)
Traditionally, the CEO is responsible for the "heart" of the organization... the vision, culture, mission, strategy, and values. They are the "Chief Evangelist Officer," or the "Chief Cultural Officer" or even the "Chief Emotions Officer" (yes I've seen that one too).Conversely, it's usually the COO that is responsible for the "blood and guts of the organization" - the person that ensures the operations within the organization can support the vision.Strategy & Process are InterdependentExperience - backed up by a lot of research and peer consultation - has taught me that strategy and process are two sides of the same coin, and that the CEO must take ownership for the creation of the core processes that enable a business to run. It doesn't matter how strong a vision is. Without the processes required to execute, the strategy will fall flat. And while I absolutely believe that "culture eats strategy for breakfast," the one essential element that organizations require for healthy strategies, cultures, and ultimately growth is process.
Appreciating Our Freedom & Our Heroes: Happy 4th To All
Living in the DC region and leading an organization that supports our government and our war-fighters, I sometimes think we have an enhanced awareness to the profound impacts that our heroic veterans have made on our lives, and to the sacrifices so many have endured.The freedom that all of us have has not been "free." Our freedom to vote, to earn a living, to speak freely, to pursue happiness, to practice our chosen religion - these and many other liberties have come at too high of a price for so many heroes.As CEO of an organization that serves many military branches, the intelligence sector, and other agencies that indirectly support our war-fighters, I truly feel it is an honor to serve our federal government and agencies/branches that send our armed forces into battle.
Your Greatest Success Lies Directly Behind Your Greatest Challenges
"Every adversity, every failure and every heartache carries with it the seed of an equivalent or greater benefit."This is just one of the golden nuggets of wisdom that stays with me from one of my all-time favorite business books, "Three Feet From Gold" by by Sharon L. Lechter and Greg S. Reid. (http://threefeetaway.com/). The book is a synopsis of Napoleon Hill's philosophies for success (http://www.naphill.org/).The title conveys that people often give up on their dreams because they believe they can't succeed, when in reality, their success is within their grasp - sometimes literally three feet away.Feeling discouragement or even despair when we've convinced ourselves that success isn't an option happens to everyone. So how can we push past the negative thinking? How can we find the strength and resolve to continue for three more feet to find our own pot of gold?
The #1 Investment Entrepreneurs Must Make
What is the #1 investment entrepreneurs should make when building their business? It isn't sales, marketing, IT, or customer service.
Six Unique Traits Biz Owners Look For in Potential New Hires
As a business owner always looking for exceptional talent, and as a mentor to emerging entrepreneurs seeking guidance on how to hire great people, I've learned that there are six definitive traits that great potential new hires share. These apply to candidates in all positions, in every sector, at any level - from intern to senior management.If you're in the market for a new position, if you're charged with scouting for new talent in your organization, or if you're a business owner trying to make those essential first hires, consider these characteristics or behaviors.
10 Ways to Lose Prospects as Soon As They Hear your Voice
If you pick up the phone and start making calls without thinking about your approach, habit and the phrases you've picked up from telemarketing calls you have received over the years are going to dominate what you say. Surprise, surprise: that's not the most effective way to make calls. You may be committing age-old blunders without even knowing it. These strategies were written by one of my Mastermind group members, friend, and trusted advisor Bill Cates, also known as The Referral Coach.(http://www.referralcoach.com/). Bill is THE EXPERT for anyone who wants to know how to build a thriving referral-based business.Here's a quick checklist of classic telephone prospecting mistakes. Are you making any of them? If so, take action to rectify your approach!
Goldman Sachs Exec: Leaving Due to "Toxic Culture." Three Lessons for All of Us.
This past week, veteran Goldman Sachs employee Greg Smith submitted his resignation via the New York Times, due to the "toxic culture" that now permeates the organization. "I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.... The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for," he said.Smith's resignation cost the company more than $2 billion.