Leadership is more important than ever. Profit margins are slim and continue to be squeezed. Oil and gas prices continue to rise. Employee benefit costs continue to rise. The weak economy is worrisome for many businesses. More companies hope that mergers and acquisitions will improve their situation, yet more [...]
Almost all of the Wall Street Journal and business magazine headlines comment on oil and gas prices and the sagging economy. Of course, these widespread issues make achieving consistent, strong, positive business performance a bit more challenging in many industries. However, one secret to success that is often overlooked [...]
As the headlines on the Wall Street Journal and business magazines continue to lament the economy, businesses are re-thinking their business plans and searching for opportunities to increase profitability and cash flow. In my experience, the ones who will be successful in proactively managing through these uncertain economic times [...]
During tough economic times, skills development is critical. As jobs are tougher to find, those candidates embracing continual learning and skills development will have a leg up on the competition. Read voraciously - read a few of the bestseller business books and/or ask your mentors and colleagues for recommended [...]
In today's economic turbulence and with the increased stress in both business and personal environments, networking and personal relationships are even more critical to success. It's not about #s - remember, networking is not about numbers; it is about the value of real relationships. Trust - there is nothing [...]
Recently, I've seen an opportunity jump out at me, and I thought, "Bummer, I committed to writing about managing cash part two", so instead I decided to highlight this opportunity in this section. Why is it an opportunity to retain and find top talent today/ now? Take advantage of [...]
In today's economy, it is my contention that relationships and community are elevated in importance. You are not as effective alone as you are brainstorming with a trusted friend, advisor or team. Fail - this sounds outrageous; however, I have never seen a highly successful person that hasn't failed. [...]
Keeping in the life balance theme, I thought financial planning might be a good idea especially in the midst of the current economic turmoil. Plan - identical to business, start with a plan. It doesn't have to be complex. Where are you now? Where do you want to be? [...]
It is interesting what can be learned from children. They can be more insightful than Executives at times…..perhaps it's a different viewpoint, similar to leveraging the transferability of best practices. Can you explain it so that your 5th grader can understand it? It sounds insane but effective and clear [...]
I've noticed that during the "new normal", there are countless numbers of priorities, and everyone is struggling with how to effectively manage time. Therefore, I've decided to focus this month's tips on this subject. Rigorous prioritization: My favorite! It sounds easier than it is in the midst of daily [...]
