
We love the term “Financial Adrenaline” because it reflects our commitment to help you turbocharge your business with practical tips and techniques to improve free cash flow, the lifeblood of business. Financial Adrenaline is a program to educate middle market business executives about the power and value of Business Finance, the core of business finance principles that drive superior performance and that can be integrated into your everyday business decision making.
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that as a poignant denouement to that fateful airplane crash, JFK Jr.’s suitcase happened to wash up on the shore of none other than his mother’s home on the island. During our conversation, my mind drifted to wonder again why JFK Jr. was overreaching his capability as a private pilot. He had a basic pilot’s license, which permitted him to fly under VFR (“Visual Flight Rules”), which basically means navigating around only the things you can see. Yet he was flying into weather conditions that required IFR (“Instrument Flight Rules”) for which he was not qualified. What's visible is only a small part of the story Flights operating under VFR are flown solely by reference to what is visible. What you can see serves as your cue for navigation, orientation, and separation from terrain and other traffic for safe operations during all phases of flight. [pullquote]Remember ... you won't BECOME a better leader until you start BEING a better leader. Start by ...
“Whether ’tis nobler in the mind to suffer the slings and arrows of outrageous fortune, or take arms against a sea of troubles, and by opposing, end them.” I recently sent a note to a few of my former partners, accusing Yo-Yo Ma of hijacking for his new album one of our frequently-invoked phrases: “Goat Rodeo Sessions.” In those days, we applied it to all manner of things that appeared as a super-cluster of mayhem and chaos. What I’ve learned is that poor project planning and organization is the hallmark of many of the failed projects on which we have all served. Are you leading a Goat Rodeo or a Balanchine ballet? Making those tough decisions can turn a goat rodeo into something closer to a Balanchine ballet. Alas, it’s one of our greatest failings … we tend to dawdle over difficult decisions because we don’t like the choices … don’t like ...
What Does It Take to be a Great Leader? Every Tuesday, we're sharing valuable and practical leadership tips and tools to help you BE a better leader so you can BECOME a better leader. Remember ... you won't BECOME a better leader until you start BEING a better leader ... implementing NOW the changes necessary to adopt the proven strategies of successful leaders. You might start by building on the communication matrix and making sure you're defending the castle to get done what only you can do. Make sure to take some time so you're thinking past today. Don't forget our 12 part Leadership series. *********************************** We’re human, we make mistakes, we miscalculate ... I continue to examine some of the first 100 newspaper columns I've written … and continue to be struck by the timeless issues that we face as we build our businesses. We’re human, we make mistakes, we don’t always get ...
[pullquote]This is the 2nd in a series of retrospectives covering 4 years and 100+ newspaper columns.[/pullquote]To this day, it remains a constant struggle for middle market companies, which are invariably hesitant to identify the next generation of leadership … because it’s too soon, too gnarly or too controversial. That’s at the root of why so few family businesses ever make it into the third generation. In a related column, I pointed out the results of the most recent Family Business Survey, and while lauding many of the encouraging findings, added that “the Family Business survey found fewer than half of those executives expecting to retire within the next five years have selected a successor, and it gets much worse for those expecting to retire later. It’s baffling when you discover that 86.3 percent of those same family businesses expect they will still control their businesses in five years?” Recent research confirms that not ...
So, from that platform, I've decided to re-examine some of the concepts I’ve discussed over the last several years ... and since so many of you have remarked about how much you love the quotes that have accompanied each column ... and have liberally "borrowed" them ... I've used some of them again to re-introduce those concepts (and give you collective access to a bunch of them at once.) Go ahead and borrow some of your favorite quotes In most cases, time has only strengthened my conviction about the importance of these concepts. Most of them deserve to be regularly refreshed and repeated as the touchstones of successful businesses. "There is nothing more exhilarating than to be shot at without result." This is one of my favorite quotes about entrepreneurship, capturing the risk and danger while highlighting the invigorating feeling it creates. Thanks, Sir Winston, for succinctly pinpointing the essence of what it means ...