Embracing the Leadership Legacy of Nelson Mandela

Nelson Mandela has come to the end of his long walk to freedom. He joins some of the greatest leaders in history – Lincoln, King, Gandhi, Gorbachev, Kennedy, and the Dalai Lama – as a man who dedicated his life to unity, equality, and creating a world that is guided by compassion, tolerance, and justice.

Mandela’s passing provides us the opportunity to examine our own leadership traits. I’ve identified 8 traits that I believe defined Mandela’s life and leadership. These are traits that I have always tried to carry through my 20 years of entrepreneurship, and it’s not been easy. Mandela has inspired me to try harder; I hope he inspires you too.

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.

Want Credibility? Be Your Own Client. Would You Hire Yourself?

No one would buy a luxury home from a builder living in a shack, or trust a wealth manager that was financially irresponsible. When we evaluate the skills of web designers or graphic artists, we ask to see a portfolio of work, and we visit their sites.

Our own actions give us credibility, or they discredit us. There is no in-between.

Would you hire yourself?

Eight Lessons for Success (And Some Other Insights) by Barbara Corcoran

I had the privilege of speaking at the National Women Business Owners Corporation (NWBOC – www.nwboc.org) conference last week in Palm Beach, Florida. One of the highlights of the conference (where 200 women business owners came together to learn, share, and connect) was keynote Barbara Corcoran. Barbara is one of the most successful entrepreneurs in the country. She took a $1,000 loan to start her real estate company, The Corcoran Group, which she grew into a $5 billion business. She sold the firm for $66 million in 2001.

Barbara is also a host and investor on ABC’s Shark Tank. During the last three seasons, she has bought 11 new businesses. She is also the author of three best-selling books, and is a regular small business and real estate contributor on all of the major networks.

Like all great entrepreneurs, Barbara’s journey to success has been filled with wonderful lessons. I have summarized them here for you.

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.

Recognizing the Positive Leadership of Carnival Cruise Lines CEO Gerry Cahill

The disaster of the failed Carnival Triumph cruise ship has captivated all of us over the last week.

As a frequent cruiser who has cruised Carnival and other lines, I cringed upon seeing the pictures and videos of the squalor and disgusting conditions aboard ship. I sympathized with the passengers who entrusted their safety to Carnival, yet found themselves living a week-long, potentially life-endangering nightmare. Throughout the course of the week, I kept asking myself how well I would cope with being trapped on board with my family.

Fortunately, the nightmare has ended, now that the ship has docked in Mobile Alabama, with all passengers and crew members safe (albeit hungry and dirty).

Throughout this disaster, I’ve been watching how CEO Gerry Cahill has conducted himself. Personally, I think he has done an exceptional job – especially compared to Former BP CEO Tony Hayward during the 2010 oil spill disaster that claimed 11 lives and has spewed 100 million gallons of toxic oil into the Gulf of Mexico. – and here’s why:

When Your Bedroom Becomes Your Boardroom: (Happily) Working With Your Spouse

Spouses that choose to work together embark on a very unique journey. This arrangement is not a conventional marriage. Two of the hardest things a person can attempt is to build a successful business and a successful marriage. 90 percent of all businesses fail within the first 5 years. The divorce rate (in the U.S.) is now higher than 50 percent. Combine these two endeavors, and you face a lot of risk. There is a lot at stake at home and at work if things get rocky. The levels of expectations for one another are much higher than in a typical business partnership or typical marriage. Consideration must extend much further than, “I have this great business idea, can you help me?”

As a follow up to my January 10, 2013 segment on Washington Business Report (http://www.wjla.com/articles/2013/02/washington-business-report-feb-10-2013-85006.html) on working with your spouse, I’ve interviewed several other business owners who have braved this model to learn what makes it work, and how to avoid trouble in paradise. Rather than giving a simple bulleted list of strategies such as “schedule a date night” or “agree not to talk about marriage at home,” I’m sharing a more detailed behind-the-scenes glimpse of the complexities of this arrangement. If you are currently working with your spouse, or thinking about it, this is an important column for you.

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.

My Eight Wishes For You In 2013, And a Final Wish of Healing, Happiness, and Peace

Public and private events of 2012 have challenged many of us emotionally, mentally, and spiritually. As we transition into 2013, I wish you….

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.