The risks of bad management

Last week we established that management is happening in your business right now, tomorrow, and every day, whether you acknowledge it or not.  This also means that somebody is managing the business, whether they acknowledge it or not.  And that someone is probably you.  But what happens when you don’t acknowledge it? Does any of…

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The things in your business that you can’t control

In business, you have to focus on the things you can control.  Things like knowing how to pass the so what test, and creating systems for your three business pillars.  In part because your business will always be open to things that you can’t control.  Those sudden surprises, whether good or bad.  External surprises There…

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How to make your business pass the So What test?

New year, new you, new resolutions, new goals.  But all in the service of what, exactly? As you start the new year – or any new day – make sure you know why you do the things you do and why others should take interest.  Make sure your business passes the so what test. What…

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The formula for happy employees

One of the top three challenges that new employees have is unmet expectations: the job is not what they expected it to be.  That means difficult conversations where they are telling you that they expected something different, and what are you going to do about it. Or even worse: they quit.  One simple fix will…

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How to talk to problem employees

Happy employees

Nothing you tell your employees should ever come as a surprise.  This is especially important with bad news.  If you are telling an employee that they are at risk of being fired, and they had no idea, then you are the one who made a mistake, not them.  But don’t tell your employees about their…

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Which work should you delegate?

Delegation: it’s a chore.  Don’t you sometimes wish you could delegate the task of delegating? After all, it takes just as much time to have to explain something as it does to do it yourself.  Here’s a trick to make delegation easier and last longer: Don’t delegate tasks: delegate responsibility.  Start by deciding what you…

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The Formula to Balance Your Business

Opportunity & risk.  Gains & losses.  Promotion & Prevention.  These are all ways to describe the balance a business needs to succeed. You can’t avoid risk, and you – hopefully – have plenty of opportunities. Making these two things coexist is important, but one of the hardest things to do.  Business potential Back in 2017,…

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Your employees don’t know what to do

Job titles are great for algorithms in job search sites; job roles are better for managing your business.  Following my March article explaining this difference, I received some great feedback from people writing roles for their own business.  The next step is to instruct your team. Does everybody know what they should be doing? It’s…

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Risk, Reward, & Life in ShoutOut Atlanta

I had the pleasure of being featured in ShoutOut Atlanta, part of the Voyage group of magazines. We talked about risk, in life and in business, and, of course, about what makes Atlanta great. Read my entry here.

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When will your next competitor arrive?

The way other companies compete with you isn’t always about you.  We have already considered replacement competitors, generic competitors, and budget competitors.  What about your direct competitors? And in particular: the new ones that will show up just around the corner? How difficult is it to start your company? Barriers to entry What does the…

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