November 30, 2015
Part random, part purposeful my career progression is what it is. I had four or five majors before I graduated. I had plans to jump into a good job out of college but started at the bottom doing collections for a finance company. I worked in banking until my mid-30’s then decided to take control and shift careers into what would end up being my job working with entrepreneurs and small business owners. Am I where I envisioned I would be at 51 years old? Hell no, but I have learned a great deal and as soon as I finish my time machine I’ll be ready for a fresh re-start. Until then here are some tips that could maybe help people the right doors opened for their career success.
November 16, 2015
What do you do when you have one of those days where you just get tired of trying to push the bolder up the hill? You know that if you stop moving forward the bolder will start rolling back and crush you so you persevere regardless of how drained you feel. I recently felt like that. In my efforts to look for inspiration I pulled out Rules For Revolutionaries by Guy Kawasaki. It is an older book but the rules hold true. The one rule that I always remember is “Don’t Let The Bozosity Grind You Down”. There are so many bozos out there disguised as “experts” that are all willing to tell you how what you are doing won’t work. That is when you must have faith, believe in yourself and not give up.
October 26, 2015
Running a business is a full out assault. You hit the ground running on the day you start your business and you don’t stop. Over time your company grows up and how you manage it needs to change. There are more people, more money, more expenses and more demands on your time. It’s easy to get overwhelmed and overlook some critical elements of success.
10 common management mistakes you need to avoid as your company grows.
Lack of Focus: Lack of focus will kill your business. I see so many people running around chasing any dollar they can get and waisting valuable time and resources in the process. Know yourself and what you do. Understand your business and target the best opportunities. Focus on what will make your business the MOST successful not just what will keep the lights on.
Not Being Strategic: If you truly know your business and are serving customers you can survive and thrive in any economic conditions. However, as your company grows you need to manage more strategically rather than from your gut. I know that it is a pain but a strong SWOT analysis can give you insights into your company and market that you may never have thought of. You may see opportunities that are more attractive than your current market and may dictate a change in direction.
October 15, 2015
You’re ready to start your first business. You have probably thought of a million things you need to do to open the business but unless you have been there before there are five things you won’t know that will trip you up.
Everything Costs More Than You Expected ~ You have probably been working on a business a plan that includes forecasts for revenue and expenses. It looks great and you can clearly make this work. Probably not. Most first time entrepreneurs under forecast their expenses and over project their revenue. When you are projecting expenses multiply what you have put in your initial plan by three to five times to get a realistic idea of what your expenses will be. Are your revenue projections still covering expenses? If not you need to do some more prep work.
April 10, 2015
I recently had the opportunity to serve as a judge for the IdeaBox competition presented by the Business Builders Club at The Ohio State University. This was a fresh take on the typical student pitch competition. The students set up displays for their businesses so the judges and other students could walk around to meet the entrepreneurs and discuss the ideas. It was billed as “The science fair for start-ups!”. It was pretty cool and I enjoyed being a part of it.
The businesses exhibiting ranged from the idea that was hatched a couple days earlier to businesses very close to entering the market with a beta product. There were simple consumer products as well as complex technical products. They all needed work but they all had something that could be developed.