Archives for 2013

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Out with the Old…Building for the Extraordinary

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How planning for your company based on the Four Percenter’s Framework can help you build an extraordinary business.

fireworksThe end of the year is always an interesting time for many people. While some might feel that it is just another day, perhaps others feel that it is another opportunity for a party, there are those who, perhaps look at it as a mile marker.

As a business owner, many times, we will look at the past year in terms of what we didn’t accomplish, what opportunities we missed and what we would like to do differently in the future.

The question is: what do you focus on to improve? Are there specific strategic initiatives you will be pursuing, or will you plan to do more “patching” of issues that have popped up at your company.  Will you focus on band aids, or getting to the root cause of whatever challenges are keeping your company from progressing.

 [···]

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Out with the Old…Building for the Extraordinary

image_pdfimage_print

How planning for your company based on the Four Percenter’s Framework can help you build an extraordinary business.

fireworksThe end of the year is always an interesting time for many people. While some might feel that it is just another day, perhaps others feel that it is another opportunity for a party, there are those who, perhaps look at it as a mile marker.

As a business owner, many times, we will look at the past year in terms of what we didn’t accomplish, what opportunities we missed and what we would like to do differently in the future.

The question is: what do you focus on to improve? Are there specific strategic initiatives you will be pursuing, or will you plan to do more “patching” of issues that have popped up at your company.  Will you focus on band aids, or getting to the root cause of whatever challenges are keeping your company from progressing.

 [···]

Read More

Capitalizing on Small Business Investments | Extraordinary Business

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Generating reasonable returns when investing in your company

imageWhen investigating where to put money into your company, where is the best place or are the best places to do so? What is the priority? Are there investments that will pay off quickly that can be used to make other investments? What are the risks that need to be considered?

Your goal, as a business owner, is to earn money from the work that you do at your company, whether that is to make ends meet, or to build a company that is extraordinary. This applies to the smallest one person firms through large corporations. As the saying goes, however, it takes money to make money. As a result, we as business owners are usually interested in getting some sort of financial assistance that will help stabilize or grow the business.

 [···]

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Capitalizing on Small Business Investments | Extraordinary Business

image_pdfimage_print

Generating reasonable returns when investing in your company

imageWhen investigating where to put money into your company, where is the best place or are the best places to do so? What is the priority? Are there investments that will pay off quickly that can be used to make other investments? What are the risks that need to be considered?

Your goal, as a business owner, is to earn money from the work that you do at your company, whether that is to make ends meet, or to build a company that is extraordinary. This applies to the smallest one person firms through large corporations. As the saying goes, however, it takes money to make money. As a result, we as business owners are usually interested in getting some sort of financial assistance that will help stabilize or grow the business.

 [···]

Read More

Running on Remote | Extraordinary Business

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Be an Effective Leader of Your Remote Fleet

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The adoption of the internet has created a drastic change in the way we do business around the world. Now, we can reach out to people around the planet and have face-to-face conversation with them as easily as we could with a friend living right down the street.

This has given rise to virtual teams – teams who work outside of the traditional office environment. While many small business owners are working from home or out of their homes, many large companies are embracing this way of doing business, finding that the lower cost of real estate and other assets while getting the same or increased level of productivity make the option very attractive.

While both Yahoo! and Best Buy have shut down their remote working policies, Unilever supports 100,000 of its 171,000 employees working remotely, reports Forbes.

Despite the financial benefits of working with remote teams, running a remote team is not the same as running a team in your office. If you find yourself managing a team made up of both local and remote employees, there are a number of practices you must employ in order to create a successful, productive team.

 [···]

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Running on Remote | Extraordinary Business

image_pdfimage_print

Be an Effective Leader of Your Remote Fleet

image

The adoption of the internet has created a drastic change in the way we do business around the world. Now, we can reach out to people around the planet and have face-to-face conversation with them as easily as we could with a friend living right down the street.

This has given rise to virtual teams – teams who work outside of the traditional office environment. While many small business owners are working from home or out of their homes, many large companies are embracing this way of doing business, finding that the lower cost of real estate and other assets while getting the same or increased level of productivity make the option very attractive.

While both Yahoo! and Best Buy have shut down their remote working policies, Unilever supports 100,000 of its 171,000 employees working remotely, reports Forbes.

Despite the financial benefits of working with remote teams, running a remote team is not the same as running a team in your office. If you find yourself managing a team made up of both local and remote employees, there are a number of practices you must employ in order to create a successful, productive team.

 [···]

Read More

9 Things Leaders Need to Know for Effective Decision-Making | Extraordinary Business

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How to maximize the effectiveness of decisions in a minimal amount of time.

Decision, decisionsAs business leaders, we are required to make decisions all day, every day. For smaller companies, that may look like ongoing idea generation and decision-making might focus on whether or not to execute and how to do it. In a larger business, attention might be focused on customers, employees, vendors and other stakeholders that require information from you and your team.

In either space, decisions are made in three ways: the wild guess, the informed guess and information-based factual answers. Unfortunately, the last is often the most difficult to come by. When doing a product launch, you cannot tell how well the product will be received. When you are doing sales projections, again, these are based on guesses – ideally, informed guesses.

So why is this important?

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9 Things Leaders Need to Know for Effective Decision-Making | Extraordinary Business

image_pdfimage_print

How to maximize the effectiveness of decisions in a minimal amount of time.

Decision, decisionsAs business leaders, we are required to make decisions all day, every day. For smaller companies, that may look like ongoing idea generation and decision-making might focus on whether or not to execute and how to do it. In a larger business, attention might be focused on customers, employees, vendors and other stakeholders that require information from you and your team.

In either space, decisions are made in three ways: the wild guess, the informed guess and information-based factual answers. Unfortunately, the last is often the most difficult to come by. When doing a product launch, you cannot tell how well the product will be received. When you are doing sales projections, again, these are based on guesses – ideally, informed guesses.

So why is this important?

 [···]

Read More