Plenty of businesses show record profits and are also facing bankruptcy. How could that happen? They ignored the golden rule of business.A friend of mine recently started his own business. As a first-time entrepreneur, he asked me if I had any advice for him. I told him that he had just three thi...
KEEP READINGYou Need to Have Buffers to Handle the Ups and Downs of BusinessThere are probably dozens of traits that come to mind when you think of what sets great leaders apart from the rest of the pack. But one of the most important things that every great leader understands–something that others mig...
KEEP READINGThe best leaders understand that a crisis can lead them to the chance to make the kind of large wholesale changes their organization needs. They let the fire do some of the work for them to make the organization receptive to change.In your journey as a CEO or entrepreneur, you will inevitably fac...
KEEP READINGGossip and Social Influencers hold the key Jim Haudan of Root Learning, a phenomenal speaker and strategic change leader, likes to say that, "People will tolerate the conclusions of their leaders, but they will act on their own". This is a profound statement and tells you everything you need...
KEEP READINGThe 1 percent solution. In his bestselling book, The Advantage, Patrick Lencioni stresses that the only real competitive advantage any organization has is its ability to learn. And the faster your organization learns, the bigger and faster your competitive advantage will become. His point is not ...
KEEP READINGThe Leadership Buffer Principle Covers it All Back in 1969, Dr. Peter and Raymond Hull wrote and published a book called The Peter Principle, where they helped popularize the notion that people tend to rise to their "level of incompetence." In other words, as employees are promoted over time insi...
KEEP READINGThey are the Yin and Yang of Leaders People Want to Follow. Or Not.If you ask just about anyone about the kinds of qualities that every great leader possesses, it's certain that someone will say: "confidence." This makes sense as we're all inspired by people who exude confidence. They make us fee...
KEEP READINGHow to succeed by doing things others aren'tIt's always so tempting to tag along with what everyone else is doing--what we've come to call the wisdom of the crowd. But the truth is that really successful people take a different tact. When they see the crowd headed in one direction, th...
KEEP READINGIs the power of compound interest really the 8th Wonder of the World?There is an often-told story that when Albert Einstein was once asked what mankind's greatest invention was, he replied: "Compound interest." There's even one claim that Einstein called compound interest the "8th Wonder of the W...
KEEP READINGThere isn't one best answer.Many of us reach a point in our careers or in the growth of our companies when we find ourselves in a position of having people to report to us. It's a mark of some professional success. The question arises as to the kind of style we want to employ when engaging with ...
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