How To Make Mistakes
Promoting risk taking and eliminating fear of failure.
It would be a mistake to try to avoid all mistakes. Indeed, it would be a colossal blunder to attempt doing things right the first time, every time. In todays light speed economy, (“new” economy and “old” economy) if you don’t fall on your face both regularly and painfully, you are likely to end up dead instead. The only people not making mistakes are ones playing their game without risk and without novelty – and I mig…
Pass Them The Crown To Build The Empire
Stop for a moment…. and imagine how you would feel as an employee under this situation:
You have been working for ACME for ten years now. You do the same thing everyday. You’re tied at the desk pounding a decrepit keyboard; half the keys don’t work. When you’re not nursing carpal tunnel syndrome, you’re sipping stale coffee at the greasy counter. Worse, you don’t really know anyone that you work with. Socializing involves a casual hello… with the doorman’s Doberman.
One…
Take The Heat Off HR – Encourage Career Self-Management
Is tackling talent management one of your goals this year? Employees are becoming more demanding, and topping their list is professional growth and development. These are the employees you should be striving to keep. They want new challenges, interesting work, and the opportunity to develop new skills. Even if you don’t have the resources to implement a full-scale career development program, you can still provide your employees with the tools and support to manage their own c…
The Vital Few
Back in the 19th century, an Italian economist quantified the general relationship between a minority of producers and a majority of output. Sound familiar? The simplified version of Vilfredo Pareto’s ratio, known as the 80/20 rule or the Pareto Principle, says that in most cases, 80% of production comes from 20% of producers.
Quality guru J.M. Juran referred to Pareto’s principle as “The Vital Few and the Trivial Many”. If you are running a company, the 80/20 rule has po…
Why Change Management Training is Essential for Your Company
Most companies will face major changes in their organization. To help the transformation process go more smoothly have your leaders engage in change management training. Read on for more.
5 Ways To Beef Up Sales…Immediately
Last week, one of my clients—we’ll call him Rick—had a demo scheduled with a prospect. The standard “show up and throw up” they typically did early in the sales cycle.
Trying to shorten the sales cycle, I asked naively, “Why does the customer want to buy? What are they trying to accomplish?” Rick couldn’t tell me. I asked if he thought the salespeople knew. He said no. I gave him an assignment: he had to find out “Why,” “Why now,” and “What’s it worth.” Otherwise no demo.
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Ten Entrepreneurial Mistakes
It’s hard to avoid certain mistakes, especially when you face a situation for the first time. In fact, many of the following mistakes are hard to avoid even if you’re an old hand. Of course, these are not the only mistakes CEOs make, but they sure are common enough. Take the following self assessment: give yourself ten points for each of these entrepreneurial blunders you are in the process of making. Deduct five points for those you have narrowly avoided. Your score, of cour…