Blog | Business Leaders’ HeadsUp!

in Financial Management, Management

Cash is a Tool… | Extraordinary Investing

by Rick Meekins

As a business leader, one of the decisions that you will continually have in front of you is how to make the best use of the cash resources you have.  If your business is one where there is a lot of business going into and out of the business, such as in a restaurant or manufacturing, your goal is probably to get the best price…

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11

Mar
2010
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in Business Development

A House Divided | Extraordinary Business

by Rick Meekins

Have you ever worked for an employer or known other business owners who acted as though they were the expert on everything that happened in the business?  Do you remember or notice how the employees felt: that they were expendable, that they didn’t count, and they really didn’t care about the job – it was just a job?  They did not share the same vision,…

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8

Mar
2010
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in Business Development

Life Cycle: Existence | Extraordinary Business

by Rick Meekins

“You can’t get where you want to go unless you know where you are starting!” Many times, when businesses are started – they just start selling, often missing mundane tasks, such as planning and preparing for growth.  Of course, desperate times call for desperate actions; we work to make money, not to get stuck in, as my friend Ken says, “paralysis of analysis.” Nevertheless, I…

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4

Mar
2010
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in Business Development

Building Relationships: Communications Strategy | Extraordinary Business

by Rick Meekins

Your stakeholders are the MVP’s (Most Valuable Players) to your organization.  Without them, you’d have an interesting hobby rather than an organization that you are running.  When we refer to stakeholders, we are talking about anyone or business that stands to gain as a result of the success of your business, including: •    Employees •    Partners •    Investors •    Vendors •    Your community Keeping them…

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3

Mar
2010
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in Business Development

Strategic Partnerships | Extraordinary Business

by Rick Meekins

The first time someone mentions the idea of a strategic partner, I would bet you kind of roll it around in your head, but don’t give it much thought – it feels like giving up part of your business, and that is the LAST thing you want to do. A quick segue – don’t let your ego cause your business to fail. By thinking you…

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2

Mar
2010
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in Business Development

King of the Hill | Extraordinary Business

by Rick Meekins

When we were younger, we used to play a game called “King of the Hill.”  The object of the game was to be the King of the hill, while everyone else you were playing with a) had the same objective and b) wanted to keep you from becoming King of the Hill.  We would struggle and wrestle to get to the top, while pushing opponents…

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18

Feb
2010
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in Management

Taking Time | Extraordinary Business

by Rick Meekins

A minister once said to me, “You can’t MAKE time to do something. There is no “extra” time you can run down to the corner and pick up. You have to TAKE time.” Interesting, one of the heroes of the Bible, King David, prayed for the ability to “guard his time so that he might grow in wisdom,” or use his time wisely…so the concept…

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17

Feb
2010
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in Business Development

It’s Been Done, Before | Extraordinary Business

by Rick Meekins

King Solomon, the third King of the Nation of Israel, said that “there is nothing new under the sun.”  It’s all been done before.  Everything is just a reiteration of something that has been done in the past. Just as it was true at the time of Solomon, looking around, you will find that it is just as true, if not truer?  Think about it:…

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16

Feb
2010
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in Management

Wagging the Dog | Extraordinary Business

by Rick Meekins

One of the most challenging aspects of running a business is getting everything done.  It seems like the “to-do” list is one that is never ending and always expanding.  Let’s face it: as leaders, we are in constant pursuit of the proverbial “Pot of Gold.” At the same time, we must remain able to make the right decisions, get the right things done, on time…

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11

Feb
2010
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in Business Development

Muddy Footprints | Extraordinary Business

by Rick Meekins

I have two big labs that love to play out in our backyard, which, thanks to them, has more mud then grass.  When they come in the house, of course, their big paws are usually full of mud, so we (less than) gleefully wipe their paws each time when they come in so that they don’t get mud all over our light-colored carpet. If you…

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9

Feb
2010
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in Management and Leadership

Taking the Long View | Extraordinary Business:

by Rick Meekins

Charles Du Bois, Literary Critic said, “The important thing is this: to be able at any moment to sacrifice what we are for what we could become.” Right now, your business might be struggling; bills are late, vendors are charging more for less product, customers are starting to spend, but not to the level you need them to.  You are getting more deals, but they…

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4

Feb
2010
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in Management

The People | Extraordinary Business:

by Rick Meekins

Did you ever see a big tough guy moving something large, like a sofa or a washing machine by himself?  Remember watching him struggle with it, if only a little.  Then, when he was ready to set it down, he couldn’t quite set it down as quietly as he might have liked, or when negotiating a doorway, he wasn’t as smooth as it could have…

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3

Feb
2010
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in Management

Extraordinary Business: Keep Moving Forward

by Rick Meekins

Sometimes, we have those days when you can’t help but look around you and say to yourself, “This is ridicules!!” The funny thing is, in fact, that it probably is.  So many things happen that are outside the realm of our control that we cannot possibly plan for every scenario! There’s an Aepiphanni for you.  LOL! At this point, the easiest thing to do, especially…

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28

Jan
2010
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in Management and Leadership

Extraordinary Business: Do the Right Thing

by Rick Meekins

As I was sitting at a traffic light, this morning, someone got out of their car, ran up to mine and secured the gas cap and door on my truck.  Later, I saw someone pull off the road and into the grass to help someone change a tire.  Acts of kindness do not go unnoticed.  As a matter of fact, while people might tell a…

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26

Jan
2010
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in Management

Follow the Crowd or Turn Left | Extraordinary Thinking

by Rick Meekins

There was a guy, once, born around 5 AD who gathered together a group of 12 men from many different walks of life, showed them that they could be more than their occupations, gave them a vision worth dying continues to make an impact on people around the world, today.  He didn’t do this by continuing the status quo.  He didn’t do this by compromising…

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19

Jan
2010
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in Management and Leadership

Accountability | Extraordinary Leadership

by Rick Meekins

One of the things that drives people to do the right thing is a sense of accountability.  Now that might be accountability to a friend, family member, to God, a spouse, a mentor or even themselves.  Accountability is what gets people up in the morning to do things like go to school, go to work, do household chores or start a business.  Accountability is a…

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15

Jan
2010
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