This week, two North Bay organizations deserve a round of applause!Amy's Kitchen opens an on-site health care clinicFirst, congratulations to Amy's kitchen for its innovative approach to employee health care. They recently opened a primary health care clinic at their Santa Rosa production facility.[pullquote]From time to time, we offer a round…
How to Keep Smart People from Killing Each Other
This phrase is powerful in so many ways.
Smart people can often be prima donnas – I’ve heard those accusations myself … the first part, of course, not the second (and typically disguised in less elegant terms) … but the brilliance of some people is often more blinding than enlightening.
Fortune magazine recently asked Dr. Mehmet Oz about the best leadership advice he had ever received.
As a Chief Resident associated with Columbia University, Dr. Oz’ mentor told him that the hardest part of being a leader was “keeping smart people from killing each other.” (more…)
If the execution of a company’s plans is an avowed priority, critical to the success of both the CEO and the business, why aren’t CEOs spending enough time on it to make it successful?
Why is it that every time the Conference Board surveys CEOs to identify their Top Ten Challenges, “consistent execution of strategy” or “excellence in execution” is invariably cited as being in the top two or three “greatest concerns”?
Yet, when CEOs are asked about their greatest disappointments or failures, they routinely list their company’s inability to execute?
Huh?
How is it that a subject among the top three goals of most CEOs is the very one where the CEO has the least amount of success? Is this simply a conundrum tucked inside a mystery hidden inside an enigma … or can we sort out some of this ambiguity? (more…)
To tell the truth, I really just wanted to cry.
That was my reaction as I scanned the dining room at the Assisted Living facility into which my 93-year-old mother just moved.
Not because it isn’t a terrific facility.
It’s one of the nicest I have ever seen, visited or heard about, with a wonderful and genuinely caring staff. No, it’s not that at all.
It wasn’t weariness, either, although it did follow on the heels of a draining four-day transition, including a crushing array of painful and tedious sorting, organizing, shopping and hauling to massively downsize and, sadly, to discard even more memorabilia from a rich life of living.
[pullquote]This article was originally intended as my holiday message to you. It was published in the December 26 electronic edition of the North Bay Business Journal, but published in the print edition on January 9. Its spirit, however, is eternal.[/pullquote]
Not all of it mind you.
Two big boxes of family history are headed my way, as I’m the last stop for any chance to digitize and preserve almost a century of living so it can be shared throughout the widespread family.
All of the forthcoming scanning and cataloging will be a dose of dullsville … invited and welcome, yes … but infinitely time-consuming nonetheless.
It includes hundreds … more likely, thousands … of photographs, yearbook pages, commencement programs, newspaper articles, announcements and the collective minutiae that memorialize a life, two lives really.
My father, who passed away 10 years ago … as one who never let a piece of paper slip through his hands … successfully squirreled away records and magazines from as far back as the 1940s and 1950s that escaped our notice in the decade-earlier downsizing round.
You might figure that the tears are sentimental or nostalgic. I wish it were that simple. (more…)
What’s missing? Why do we keep wrestling with the same issues that we’ve examined and discussed throughout our careers?
That’s what makes it both fascinating … and painful … to be reminded about our timeless journey and our ongoing struggle to find the right balance to fulfill the lives we envision for ourselves.
I’ve always been intrigued by Shakespeare’s line … not only because of its famous lineage, but because so few know the words that follow and give the phrase its power:
(more…)
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 ...…
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 and #100 of my newspaper columns.
The magical mystery tour continues with another retrospective about some of the subjects covered in my first 100 columns … seriously? … the “first 100”? (Is that a threat or a promise?)
As I considered my earlier columns, I was struck that none of these issues has really gone away. We’re continually battling the same challenges … occasionally finding temporary resolution or respite, but so often juggling so many of them that we don’t take time to resolve 
any of them. Why are we stuck in that do-loop? That’s a conundrum we’ll attack in a forthcoming column.
These quotes launched a few columns about leadership succession in the wake of the sudden terminations of the Merrill Lynch and Citicorp CEOs as the mortgage portfolios held on Wall Street imploded on the eve of the Great Recession. My focus, however, was more about how these colossal organizations, so dependent upon talented, international leadership teams, did not have a management succession plan in place. (more…)
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.
If I haven’t put you to sleep yet, you’re not reading every one of my columns published in the local New York Times affiliate … and guess what? By my count, this column is a milestone as column #100. Has anyone else written that many … other than the Editor in Chief, of course?
This journey began in the Fall, 2007 and for the most part, bi-weekly since then. The only exception is the most recent L.E.A.D.E.R.S.H.I.P. series that was published over 12 consecutive weeks. Most of the columns have climbed around the monkey bars at the intersection of Strategy, Finance & Leadership, but according to several keen observers, I’ve also listened in on their boardroom conversations. Others have said they recognized themselves in my examples … I’ll never tell … and some have even said, “stop writing about me”. We’ll never know if it was intentional or accidental, will we?
“Financial Adrenaline” is a term we love around here 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. As a further extension of our Financial Adrenaline program, we’re going to share a new Business Finance Tip every Wednesday specifically for those business executives who don’t have a finance background. Our current Big River series started with We’re Making Money. Why are we broke? … then No Cash? Can we borrow what we need?, What if our loan collateral doesn’t cut it? and the need for outside investors.
Last week, we began our conversation about business valuation. We continue that discussion today with a valuable chart that will help you understand some of the key valuation principles.
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“Can anybody remember when the times were not hard and money not scarce?”
~ Ralph Waldo Emerson
John Wilson, CEO of Ace Business Stuff, has been working diligently with his controller, Tom Sampson, to assess his financing needs. They may require an equity investor as he suspects that his controller’s right that bank financing may be insufficient.
“Hi Lary,” John said when he got Lary Blogger on the phone again.
“We’re almost finished with our forecast, but it still looks like we’ll need some equity. I’d like to explore what you said about strategic buyers and financial buyers and see the diagram you mentioned.”
“John, this diagram is only meant as a general overview of some key valuation concepts,” I said when I visited with John at his office a few days later. “It should help you better understand certain key concepts which underlie the valuation of an ownership interest in your company.
“At the top is the Strategic Buyer. In short, he’s looking for more than a simple financial return. (more…)