Successful people know that there are six kinds of power that you can earn in an organization and only a few of them are given by the company.
What kind of power do you have in your organization? And by that I mean can you get other people to do what you want them to? While it’s become somewhat out of style to talk about whether someone has “power” or not, the truth is that there are people using power to get things done. And if you aren’t, you might be missing out. Do you find yourself not getting promoted or do you fail to get resources for the projects you’re most interested in pursuing? If so, you might need to rethink how people earn power in your organizations while also finding ways to earn more power of your own. Continue reading The 6 Types of Power All Successful People Possess. Which One Do You Have?
If you don’t learn to embrace the art of delegation, you won’t be able to build your business. The 70 percent rule gives you guidance on how to do it well.
So when do you delegate a task? This central question stops many CEOs from moving tasks to their team. Continue reading When to Delegate? Try the 70 Percent Rule
A great way to become a better leader – fast
Serving as the leader or CEO of an organization of any size can be a difficult and lonely job. Fortunately, there are many tools available to help you become a better leader–including things like going back to school to get your MBA, reading books, and, of course, learning on the job.
But there is also another way to accelerate your learning curve on your way to becoming a better leader: by joining a CEO peer group.
A CEO peer group is a made up of a group of CEOs, ideally who run companies of similar sizes and complexity, that meet regularly to work through business-related issues. These groups are either facilitated by a member of the group or by an outside professional who has deep business expertise. Continue reading Top 10 Reasons to Join a CEO Peer Group
If you consistently create high value time – you can double your income
If you ask any businessperson what the most valuable thing they can do, they all likely have the same answer: work on their billable hours.
Continue reading Double Your Income by Knowing the Second Most Valuable Thing You Can Do With Your Time
With the New Year right around upon us, here are 5 trends that will impact your business in 2018 and beyond:
- Lack of “Place” Accelerates
In the coming year, we will continue to see a diminished importance of the need to have a physical location to work in. Thanks to the widespread evolution of mobile platforms, where we now have high-performance computers in our hands, most of us can now work from anywhere. Continue reading 5 Trends That Will Impact Your Business in 2018 (You Might Already Know No. 3)
Being the leader of a business isn’t always glamourous. More often than not, your time is going to be spent figuring out where your company went wrong.
In the book Great CEOs Are Lazy (Inc. Original Imprint, 2016), leadership consultant Jim Schleckser argues that the best CEOs aren’t the ones who spend 100 hours every week at the office–instead, they are the ones who know how to effectively spend their time. In the following edited excerpt, Schleckser, the CEO of the Inc. CEO Project, a coaching and peer advisory organization, explains why that many executives struggle to find time to address organizational problems.
Continue reading The Single Most Important Job of Any CEO
It all begins with answering a crucial question: What makes your business unique?
Southwest Airlines, Google and the Ritz Carlton are three of the most successful companies around. But what makes each of them so successful?
The answer is that all three of these companies have a crystal clear understanding about what their basis for competition is and have completely aligned their business around that.
Let me explain, with a nod to Michael Porter and Brian Tracy.
Continue reading The Secret to the Success of Southwest Airlines, Google, and Ritz Carlton: It’s Not What You think
It’s a question many CEOs start asking when their company reaches a certain size: Is it time for me to look for an advisory board?
It’s worth noting that the question relates to creating an “advisory board” which is very different than a board of directors or fiduciary board, which involves legal obligations.
In deciding whether you need an advisory board or not, you need to start by deciding what you want your board to help you with.
Continue reading Do you Need a Board of Advisors?
While lots of mergers fail, and if you had to pick one reason – it is companies rushing in without really vetting the potential match.
It seems there is news everyday about a proposed merger or acquisition between two companies. While buying another company is certainly a viable strategy for helping your company achieve your long-term vision, the statistics about the failure rate of acquisitions is certainly sobering. One KPMG study found, for example, that 83% of all M&A deals end in failure.
Continue reading How to Try Before You Buy a Company
Warren Buffett knows great financials are critical to the success of any business, they are really just outcomes from having a strong “machine” and an impenetrable “moat” for your business.
When you ask most CEOs about their vision for their business, they usually give you an answer built around metrics like number of customers, market share, or profitability.
But what I would argue is that while all of those numbers are critical to the success of any business, they are really just outcomes that result from having a strong “machine” and a “moat” for your business. Continue reading Moats and Machines: How Warren Buffett Analyzes a Business