Boxed In? 4 Ways to Transform Your Corner into a Doorway
One of my favorite books when I was growing up was “Harold and the Purple Crayon.” With the stroke of a purple crayon, Harold designs the life he imagines. When he wants to go for a walk, he draws a moonlit path. When he’s hungry, he draws himself a lunch. When he becomes scared of his own illustrated dragon, he creates an ocean and a sailboat to escape just in time.Harold uses his creative thinking to escape from life’s corners that constrain him.People with big vision often find themselves painted into a corner. We set upon our path, often underestimating or unaware of the obstacles that may get in our way of progress. Or, we over-commit, and find ourselves completely overwhelmed with what we have promised to others. Wouldn’t it be great if we could draw ourselves an ocean and a sailboat, and simply sail away to a far-away land?We can’t do that, but when our backs are up against the wall, we can create additional paths to lead us out of our corners. We can transform our corners into a doorway.
Your Banking Relationship: Worth its Weight In Gold
Entrepreneurship is all about calculated risk. We can create strategic plans, implement repeatable processes, hire the top people, and engage with the best customers. However, the only way to grow to the next level is to bite off more than you can chew, and pray you don't choke.I know the feeling of biting off more than you can chew. Four years ago, Information Experts made the strategic decision to invest in a newly formed Joint Venture (JV) to pursue a multi-billion dollar Department of State program. The risk was ridiculously high but the possible reward was astronomical.
Every Day is Independence Day for Entrepreneurs
Entrepreneurship is as American as apple pie, baseball, and SpongeBob Squarepants. The essence behind entrepreneurship is the freedom to live a professional life that has the most meaning to you - to not be defined by someone else's value system, personal vision & goals, and decisions. But with that freedom comes tremendous accountability, responsibility, and risk.As SpongeBob and Patrick so eloquently discussed, entrepreneurship has unlimited possibilities. With entrepreneurship, we are limited only by our own vision (and money - but we can often find it if we look in the right places). However, entrepreneurship does bring its own pain and suffering with it, so to answer Patrick's question, yes entrepreneurship can hurt at times.
Rejected by TED... No Problem! "No" Means "Not Yet"
February was a month of wins - and losses. Everyone talks about their wins, so I'm going to move right past those, and get to the topic that that leaders rarely glorify: the losses.I was rejected in February by TED. TED stands for Technology, Engineering and Design. There are TED events all over the world that feature speakers that have ideas worth spreading. The TED website (www.ted.com) is my all-time favorite site because it opens our minds to so many ways of thinking about things we've never even thought about! It spotlights our greatest potential in any topic you can imagine.
Accountability and Goal-Setting (Follow-up to WBR Segment 1/13/2013)
My January small business segment on ABC’s Washington Business Report with Rebecca Cooper-Dupin focused on accountability and goal-setting strategies to start 2013 strong. Accompanying me was my accountability partner and personal financial advisor, Anne McCabe Triana, owner of CAM Private Wealth (http://www.camprivatewealth.com). I've expanded on those strategies here, incorporating many great ideas from other small business owners.
Growing Into the Title of CEO Starts Today - Four Reasons Why It Must.
As a small business owner, nothing communicates confidence to prospective customers, employees, and partners more than your title as CEO.In just three letters, the title communicates self-confidence, leadership, vision, strategy, and credibility.
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?
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.
Honest Tea CEO Seth Goldman Takes Persistence & A Commitment to Mission to New Heights
Imagine pitching your idea to 1,000 investors. Over and over and over again. A little insane, right? Not if you're Seth Goldman, CEO and C-Tea-O of Honest Tea. When we think of Honest Tea, we think of a delicious beverage, and a wildly successful business.Dig a little deeper into the roots of Honest Tea, and you'll discover an entrepreneur who is forever committed to the mission of "changing the way people eat, drink, think and live."Seth shared the struggles of his early days with 300 business leaders at the sold-out ConnectPreneur Event in the DC region, architected by global serial entrepreneur and angel investor Tien Wong, CEO of Lore Systems (www.lore.net).
I Challenge You to Ask Yourself: Where are You on Your Ladder of Learning?
It occurred to me this weekend after I attended Yanik Silver's (http://www.yaniksilver.com/) Underground 8 Online Seminar that one of the primary reasons I am SO FIRED UP about my future is because I am on the LOWEST RUNG of what I call my Personal Learning Ladder™ (PLL). I can't remember the last time I learned so much in such a short period of time.... Learning opportunities are all around us. We have unprecedented access to knowledge, people, and information that previously was unattainable. What are you doing to continue your learning and growth?
Creating a Culture of High Engagement - And a Future That is Bigger and Better than Your Past
How engaged are you in building a bigger and better future for you, your company, your family, our world?That was one of the questions I pondered as I absorbed every word that Matthew Kelly delivered at a recent Entrepreneurs Organization (www.eonetwork.org) event. Kelly is a master organizational consultant to several Fortune 500 organizations on the issue of employee engagement. He is also the author of the New York Times Best Seller "Off-Balance" and "The Dream Manager." Kelly led 125 entrepreneurs through the thought-provoking exercise of questioning our own engagement, as well as the engagement of those around us, such as our employees.
As an Entrepreneur, 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.
Building Past The Million Dollar Mark: Will It Work for Your Life?
Building a multi-million dollar company can take over your life.Expanding a business requires careful thought about the lifestyle implications, access to money, and a thorough business plan that maps out the path to go from your current state of business to your desired state of business.
Employees and New Hires: Do They Get It, Want it, and Have the Capacity to Do It? (GWC)
One of the most critical elements of any organization is hiring the right people. Whether you are an employee or an employer, chances are you have your share of nightmare stories about the fallout of hires that were not the right fit for a position, or the organizational culture.
What Is Your Family's Culture?
What family legacy are you creating? What words would a stranger use to describe your family if they met you for the first time? More importantly, what words would your kids use to describe your family?Many business leaders build vision statements and a core value system for their organizations. They have clearly defined rules of engagement, and roles & responsibilities for key players. They reward achievement and performance, and penalize for performance infractions.