Entrepreneurship - Page 54 of 85 - oldsite.exkalibur.com

Flush the recession Kool-Aid! Create your own demand!

“Teach a parrot the terms ‘supply and demand’ and you’ve got an economist.”

~ Thomas Carlyle

A lady walked into a neighborhood market one day and spoke loudly over the counter to the head butcher.

“Your prices these days are atrocious, Sal. Joe’s Deli across the street is selling your $10 chuck roast for only $5!”

“I know, Mrs. Haggle. I saw the sign. The thing is . . . Joe doesn’t have any chuck roast.”

The law of supply and demand still rules

So, the law of supply and demand rears its head again, some days a beautiful vision, other days an ugly hag. We’re surrounded by her mystique everywhere we go. Traffic is tied up because there are more cars than highway space. Starbuck’s is backed up because people want coffee faster than it can be made. There are no paper clips in the supply room but there’s plenty of fruitcake left in the kitchen.

Even for tickets to a free concert?

Supply and demand drove markets long before economists appeared … and its jarring prevalence is unavoidable. One of my favorite examples is (more…)

Leadership Lessons | What is the Cornerstone of your Strategy?

At this time of year, we all get excited about personal renewal, our plans for the coming year and how we can enhance our personal and professional lives in 2011.

Even though most of us have traveled the road of broken resolutions, hope springs eternal as we prepare to refresh our commitment and recharge our batteries … and make plans to overcome our shortcomings and rise to new levels of success.

There are many fashionable approaches to this process, many of them with valuable insights.

Jonathan Fields chose 10 words to focus his energy. His approach is an expanded derivation from a three-word approach used by Chris Brogan, who, like me, uses his carefully chosen words “the way a lighthouse helps a ship in a storm.”

For sale: baby shoes, never worn

Ernest Hemingway used only six words to write what he called his greatest novel … and the more you think on it, the more intriguing it becomes.

It’s one more approach you can use to bring the essence of your 2011 plan into sharp focus.

Although we’re more interested in clarity than mystery in our annual pilgrimage to the altar of realistic expectations, this approach, like those of Jonathan and Chris, also celebrates the power of simplicity.

Find the Cornerstone of your strategy

[pullquote]“You’ve got to think about big things while you’re doing small things, so that all the small things go in the right direction.” – Alvin Toffler[/pullquote]

Maybe you’ve used variations on these K.I.S.S. principles to craft all sorts of goals and objectives … memorialized in lists, notebooks and diagrams.

Yet, when we step back into the maelstrom of real life, distractions intrude, new input floods our inboxes, and without seeing it, we start to slowly drift off course. We madly implement course correction procedures, but instead of returning us to our original direction, they cause us to lurch about, each adjustment resulting in a slightly different course even further from our original objective.

So, how many words does that leave us? (more…)

Personal Productivity is the Cornerstone of Success | Weekly Tips

Getting it all done

Over the last several years working with Bay Area CEOs and with members of the Exkalibur Leadership Forum, I’ve learned that personal productivity improvements are one of the most important ways in which CEOs can find more time to focus on the things that really matter, and that only the CEO can do. Peter Drucker, noted business author; A.G. Lafley, former CEO of Proctor & Gamble; and others have focused extensively on what only the CEO can do. As I’ve watched CEOs struggle to spend enough time on their most important initiatives, I’ve worked hard to learn as much as I can to adapt powerful productivity ideas to help business leaders gain control and perspective over everything they care about. Every Thursday, I’ll share these VERY PRACTICAL PRODUCTIVITY TIPS to help you improve your own results in 2011. Why not sign up today so you don’t miss any of these great tips?

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During the holidays, I sat down with a client over a chilled martini … 3 olives, thank you. She was lamenting the limited progress she had achieved during 2010 on the seemingly endless list of projects she tried to tackle. Most of them were overdue or barely out of the gates. Her desk was littered with good intentions turned to stalled initiatives with little hope of an early resolution.

She had achieved only limited progress on her number one goal for the year. Yet, as we discussed several of the specific projects, she knew exactly what needed to be done … her reasoning was sound … but it was the unyielding demands of all of them, each of which she thought was as important as the previous one, that was keeping her from the success she was seeking.

Let’s figure out how to get all of this done

As we launch a weekly series … every Thursday … on Personal Productivity, I’m convinced of one thing if nothing else: (more…)

Rudolph made it. I knew he would!

If you woke up this morning with sugar plums dancing in your head, most likely Santa made it down the chimney … and Rudolph is stretched out on the ottoman with a cup of egg nog in hand.

“Seriously?” my wife said. “You’re really singing Rudolph the Red-Nosed Reindeer while you’re getting dressed this morning?”

I’m afraid so. Honestly, I have no idea how that song got into my head. Maybe because Rudolph … along with Santa and Frosty … are the most iconic images of a secular Christmas? Maybe because Santa brought me some cool loot?

Maybe all that … but for just a moment, I stopped to consider the words … mostly to figure out how to convince my wife that I hadn’t lost it … yet … and it dawned on me that there’s a very timeless message in this simple tune that applies to all of us entrepreneurs … and everyone else trying to find their way in this world. (more…)