The Power of Why "If you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply" -Charlie Munger Asking why repeatedly until you get to the root cause of a problem is a powerful tool from the Toyota Management System. Explaining why is a powerful [...]
Pay and Performance There’s a good chance your top performing employees are underpaid and your lowest performing employees are overpaid. Look at your pay scales and productivity. If this is the case, what are you going to do about it?
MVP (It's not what you think) Preston: Brian, “Ready, Fire, Aim” is great advice in those situations where we feel paralyzed by a lack of information. This is the state in which many entrepreneurial companies find themselves. It is also the state any business may find itself in when developing a new product or [...]
Here's What's Better Than A Punch In The Mouth Our vision and goals are clear to us when we launch a new business, product, or adventure. We set out in that direction with great enthusiasm taking one step at a time looking at what is immediately in front of us. How often do we look [...]
Luck When we talk about luck, be it good or bad, we are usually looking at past events. You can’t change the past, but you can learn from it. Recognize that the future is uncertain and often random. As events unfold do not dwell on your good or bad luck. Know where you want to [...]
Change: Pull, Don't Push "People don't resist change. They resist being changed" -Peter Scholtes How do you motivate people to want to change? Make the status quo uncomfortable and give them the opportunity and power to create change. It's not effective to push people to change and you can' t pull them to change with [...]
"2+2=5" or How To Combine Efficiency And Effectiveness A member of my CEO Focus peer group mentioned a conference session that he has found very useful on a day to day basis in his business. When he mentioned it, I recalled a podcast I had listened to that was an interview of the same person. [...]
Make Mistakes, Just Not Stupid Ones “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” -Charlie Munger More great advice from Charlie Munger, HOWEVER…not being stupid is NOT the same as not making mistakes. Fear of making mistakes [...]