As a leader inside an organization, there is a fundamental question you should be constantly using when it comes to making decisions: Will your customer pay for it? Asking this question is a particularly elegant way of helping you streamline your organization by...
It can be somewhat tricky to answer the question, “Is the Business for Sale” honestly and maintain integrity. As leaders, you can be faced with a situation from time to time where your people might hear a rumor that your business is for sale. Usually this...
When you’re trying to do business with someone in a way where ultimately you’d like him or her to purchase something from you, there is a little secret you can use to vastly improve your success rate. It all comes down to following a simple sequence: tell,...
There are multiple ways you can manage an organization to make sure that the right decisions get made under most situations. One way is to be rules-based and the other is culture-based. You might also choose an option somewhere in between. Let me explain. Rules-based...
Entrepreneurs regularly ask whether or not they should sell their company to a private-equity firm and is it a victory or a defeat when they do. It depends. If you own a company, you’ve probably received a call or a letter from a private-equity firm. You may...
No doubt you have all heard of the Golden Rule, which is often summarized as, “treat others, as you would want to be treated yourself.” The beauty of this rule is in its simplicity. It turns out there is another simplistic rule–the mnemonic is...
