What should most start-up founders not waste their time doing?, was the question that was asked on Quora. Here is my answer to that question. Stop starting businesses without a compelling vision, plan, or strategy. “Where there is no vision the people parish.” Stop attempting to be everything to everybody and delivering to every customer.
This month in my Vistage meetings we focused on the accessible leadership and management teachings of Peter Drucker. For many, Drucker’s works are to business literature, what Isaiah’s words are to the bible; rich, deep, insightful, proverbial, and often times difficult to grasp. For instance, I have recently been listening to the Audible version of.
Failure…, or more precisely, recognizing and learning from failure is indispensable as an entrepreneur. The goal is to recognize and learn when your course is off track more quickly, forgoing much expense on a failed course. Hence this mantra… Fail fast Fail cheap Fail often And you will be closer to a viable MVP than.
A million just isn’t what it used to be, and it is certainly not enough to retire on. However, used prudently, it can be the difference between living well and working for the ‘man’ as others have stated in this thread. If invested well, and timely, it can be a launch pad for much better.
Recently the question was posted on Quora.com, “What are the least stressful businesses to run.” Here was my reply. Any business will be stressful until you get the business and operations fly wheel spinning and a great management team in place. Once your business is operational and cash-flowing, based on your prior choices, your level.
From Quora.com, comes this question that I answered this morning on if a company is struggling, should a CEO replace themselves? https://www.quora.com/My-small-company-is-struggling-should-I-and-or-how-should-I-replace-myself-as-CEO-Outside-or-inside-hire-Where-should-I-go-to-find-low-cost-talent My reply: Your situation is a classic situation for small businesses described in Michael Gerber’s *E-Myth Revisited* and Gino Wickman’s *Traction and his Entrepreneurial Operating System (EOS)*. In summary, “What got you here,.
I am a serial entrepreneur with experience founding, growing, managing, and selling companies. Along the way, I have learned from great leaders, mentors, coaches, and peers who taught me how to spot and avoid many pot-holes in the road, always keeping my eye on the prize by looking at some high mark well down the.
I am intrigued by the question – what is the typical day of the CEO? As there are so many potential variations and responses to this question; surely a medley of responses are forthcoming. My answer to this question ranges from the theoretical (what should happen) to the practical (what typically happens) in the routine.
Read Severin Sorensen's answer to I like my job and boss a lot, but I am underpaid. I received an offer from a competing firm for 30% more. How should I use this to increase my current pay, given that I have no intention to quit and don't want to harm my current relationship with.
I have been a Vistage Chair here in Utah since 2010 and it has been a great experience for me individually, for my Vistage members, and our Vistage community. My personal goal on becoming a Chair was to help my members 3x an important goal in their businesses or personal lives, and a good number.