In this episode of On A Roll, Mike Michalowicz, explains how to make better decisions using the 10-10-10 method. If you make a certain decision, what will the consequence be in ten minutes, ten months, and ten years. We have a tendency to put too much weight on the next ten minutes, and too little [...]
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I don’t care how good you think your method of disciplining employees is, I can guarantee it’s wrong. How can I much such a seemingly absurd claim without knowing a thing about you? If you have only one method to discipline an employee, it will be received differently by each. At best, your process will [...]
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Have you run meetings where no one actively participates? Where no one voices an opinion or asks a question? Where you just get lots of blank gazes, empty nods and half smiles? Not all meetings are necessary, some can be run as a huddle and others need to be the traditional presentation, minus the empty [...]
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I hope you have your seat belt on (even if you’re sitting in your office chair). At the very least you’re about to experience a jolt, and at the very best you are about to master the greatest tool for colossal business growth. This best kept secret is not so secret after all. It is [...]
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“Treat others like you want to be treated,” doesn’t have to be your company’s golden rule. It can be. Or it can be something different. Your golden rule is the one thing you and your employees adhere to over everything else. “Make the world’s best coffee,” could be your golden rule. Every decision from coffee [...]
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So the time to break ways with your business partner has finally come, huh? Those early start up days where you and your partner were both going to “do whatever it takes,” has now turned into “whatever I can take!” That equity split of 50/50 made total sense back then. But now its ridiculous! You [...]
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GAAP Accounting Is Kinda Useless Here it goes: The GAAP has it all wrong. Now, before you click the little X at the top of the screen to close out of this article or look for the comments button to sound off, hear me out on this. As an entrepreneur, you may just find what [...]
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I saw this billboard in New York City. It totally misrepresents passion. Passion is not the feature – what we do. Passion is in the benefit – why we do what we do. A person isn’t passionate about supply chain management, but a person could be passionate about the benefits that supply chain management provides. [...]
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The excuses all sound so legit. I don’t have the money to hire someone! The systems aren’t in place yet! Unless the new guy comes up to speed super fast, I’m not going to be able to afford him! Sounds totally legit, right? Of course it does, but its not. Those excuses are all about [...]
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Does your company make pillows? You’re a manufacturer. That’s obvious. Does your company clean rooms? You’re also a manufacturer. That is not so obvious. But you in fact are. Every company makes something. The pillow guy makes a physical thing that gives the consumer an experience of comfort. The cleaning guy provides a service, that [...]
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I just helped one of my consulting clients address a critical business decision. It was fraught with emotion, history, regret, and the fear of making the wrong choice. All the logic in the world wasn’t helping my client reach a decision. They understood the logic, in fact they are the ones who presented it, but [...]
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Simple is not easy. Complex is. Simple requires that you do the same thing as the complex, but with less. A lot less. Simple is hard, but when you master it, it lasts forever. Consider the Rolex watch for a moment. It is simple (as much as a watch can be). It does a few [...]
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At age 13 I bugged my Dad about getting a guitar. He supported it. He actually insisted on taking me to the store to get one. When we got there, he immediately marched us over to the used section, and asked the salesman which guitar was in the worst condition. Which one was the most [...]
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The morale can go up and down like the DOW Jones. Some of it is a natural result of outside influences, such as a struggling economy. Most of it is under your direct control. Short of putting putting antidepressants in the water supply many expert argue there’s no sure-fire way to boost employee morale. I [...]
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For a small business, one great client makes a difference. One big project makes a big difference. One more rock solid deal makes a rock solid difference. If your business’s success only requires that a few things go your way, the economy is irrelevant to you. If you hustle, you will succeed. The economy affects [...]
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Suggestion boxes adorn the hallways of far too many tyrannical small businesses. You know the drill. Write a suggestion on a card. Keep it anonymous. And if your lucky, it may just get read by someone before it gets trashed. Whenever I see a suggestion box in an office, I know that the employees [...]
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In this business answers segment we answer these questions: 1. What is the difference between marketing and public relations? 2. When scaling a business, what should I do first? 3. How do you maintain personal contact with your customers as you grow?
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One of the pros for working for someone else is that you have co-workers to prank. There are the great office pranks, like covering your bosses’ office in Post-It Notes, or wrapping a cubicle in plastic wrap and filling the space inside the cubicle with everything from balloons to empty soda bottles or packing peanuts. [...]
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5 Easy Steps To Finding Your Talents Is talent born or made? The dictionary says talent is a “natural endowment” of a person—so we’re all born with our talents. It’s up to us to grow and develop them, but the seeds are in us at birth. Talent is an ability or natural capacity or potential [...]
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Quick. Think of the plumbing business. What comes to mind? Exposed butt cracks or a company doing some twenty-odd million dollars in business. There is a reason “plumber-crack” comes to mind first. Everyone knows its kinda an ugly business. Plumbers are known for getting the work done, but not without leaving their business card [...]
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A simple strategy to grow a remarkable business in any field.
The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll.