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?
What do you do when someone who is unquestionably brilliant is also a jerk?
We all work with someone who is unquestionably brilliant. You know the type: the person who consistently comes up with great insights and ideas and who can cut to the quick far faster than anyone else in the organization. It’s hard not to step back and admire how the person’s brain works.
Continue reading Why Netflix Doesn’t Tolerate Brilliant Jerks
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
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
Eventually you can’t count on superhero employees and have to deploy systems if you want to scale.
In the earliest days of most companies, entrepreneurs can’t afford the systems that exist in bigger companies. Instead, entrepreneurs rely on hiring super-talented people skilled in doing everything from serving clients and delivering products to closing the books.
Continue reading How to Scale Your Company By Shifting From Talent to Systems
Sharing equity with your team can be a powerful motivator, and there are two basic ways most firms do it.
Continue reading Two Ways To Share Equity With Your Team
Every business has the occasional fire. When it hits, you should have plenty of people who we call “Firefighters” while avoiding folks we label “Snow Cones.
“Every business, from successful startups to well-established corporate giants, hits a rough patch or two. It’s just a part of doing business.
But if you’re going to weather those storms as an organization, you’ll need people who can handle the heat and won’t melt under pressure. In other words, you should be hiring plenty of who we might call “Firefighters” while avoiding bringing on folks we might label “Snow Cones.” Let me explain. Continue reading Are Your Employees Firefighters or Snow Cones?
A word of caution for any entrepreneur who has founded a business and remains active in it: you might need to fire your CEO – yourself.
Of course, every owner of a growing business knows what it’s like to play multiple roles. But let’s focus on the distinction between two of them: owner and CEO.
Continue reading Are You an Owner or an Operator: Why You Might Need To Fire Yourself?