08 Feb

The Problem With Small Business

There are 8.1 Million Small Businesses in America today.  They employ over half of all private-sector workers and almost 40% of those in High Tech jobs (approximately 130 million workers).  They provide between 60% and 80% of all net new jobs annually.  They produce more than half of all non-farm private gross domestic profit in the US (roughly $6 Trillion).    Small Business is important.

Unfortunately, within five years of opening, according to the SBA, almost 90% of all these businesses fail. These business owners are usually very good at what they do, manufacturing something, providing a service, etc.  What many of them lack is the know-how to manage all aspects of the day to day operations of that business.  The high failure rate is due to the very real fact that they do not have the training, education, knowledge, or experience to do it all.  To be successful, they must do it all and do it well.  How do we accomplish that?

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18 Jan

Why Would Any Business Owner Not Want To Grow?

I am sometimes a bit surprised when I hear from Business Owners that they do not want to grow their business.  I can be fairly competitive, and hearing someone say that they are happy with their business at the size it is now causes me to stop and wonder.  Why would any business owner not want to grow their business?

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11 Jan

Accepting Change is Difficult – You Must First Avoid the “Not’s.”

Change is inevitable. Like time, we cannot stop it. To not only survive but thrive in today’s business environment, you must not only accept change but must also embrace change. Given that accepting change is one of the more difficult things we mere mortals must do, having a plan, a strategic plan to manage change in your business is critical to success.

To understand how to be successful with change lets first look at the “Not’s” of change management. There are six of them:

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14 Dec

Ambiguity is NOT a Leadership Value

Ambiguity, according to many dictionaries, can be defined as “any concept, idea, statement or claim whose meaning, intention or interpretation cannot be definitively resolved “, another word for ambiguity is vague.  Vagueness and lack of clarity in communication, mission and vision is nothing less than a productivity and performance killer.  In short, ambiguity does nothing more than destroy profitability while protecting ineffective leaders.  It is then understandable that Ambiguity is not a leadership value.

So, how do you overcome ambiguity?

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07 Dec

Bandaids Aren’t Problem Solving

Problem solving  is a part of what we do and sometimes we spend way to much time doing it.  What if there was a way to reduce the time you spend solving problems? Problems will always be a part of your business.  Even if you have a strong problem prevention program you will still experience problems.  Sometimes, because of time, limiting beliefs or preconceived opinions, we solve the problem with the wrong solution and thereby create a whole new set of problems. Sometimes we put a bandaid on a problem.  Bandaids Aren’t Problem Solving.

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