Check out our latest video blog on the #1 most common mistake family business owners make. Please let us know what you think in the comments below.
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Check out our latest video blog on the #1 most common mistake family business owners make. Please let us know what you think in the comments below.
Great video. It’s all about making the effort to move more into Q2. Thank you for the reminder.
You’re welcome, Josh!
It is good to have a continuing reminder of what I SHOULD be doing and why.
Thank-you for the timely and meaningful blogs!
Your comment about the guy picking up water on the way back from making pitch for more business rang true with me.
Today I am President of our families bridge construction company but 30+ years ago after the company gave me the responsibility to run a large project with multiple crews and subcontractors, my father asked me how I liked having all that responsibility. I told him that I enjoyed having control over the big picture and all that involved yet I found out that it was still up to me to see that we have a box of nails in the tool shed. I learned then at that level of management that being responsible for the big picture on a project still required a lot attention to the smallest of details to be successful.
That said, I’ve also learned since that time that our company has plenty of competent people that can take care of the small details.
Thanks, Rick! How is Keith doing? Tell him Wayne says hi.
Were good presentation, hard part is finding the right people to put in place.
I agree you have to look into the future of were you are going and how you will grow, yet it still comes down to having the right employees to carry out your plan.
I have seen first hand that if you hire the wrong person they can take everything you have worked for and go to your competition with all your info and you lose at least 50 percent of your customers.
This was the case of the company we purchased this year, and we are struggling trying to get it back to the point where it is showing a good profit. The previous owners were as much of the problem as was the x employee.
Right, David. It all comes down to people in the end. Great comment! Thanks
You could make future employees sign a “Non-Disclosure” agreement and an “Agreement Not To Compete” when you hire them.
You could protect yourself a little better in that employees could not legally take your business plan and customer base and use them in a new job/position at another company.
This was a pretty standard business practice when I worked in the Silicon Valley years ago.
I love the Ivy Lee Method and have it posted at my desk. People sometimes make fun of my lists, but I’m focused. It does become easier to do over time. Another point Ivy Lee told them to do, was to write your list at the end of the day for the following day. This cleared it out of your mind, so you could be at home both physically and mentally. Great post, Wayne.
Thanks, Cherie! We miss you at the peer group meetings!
Hi Wayne:
I have been receiving your emails for about 3-4 months or so. Out of all the videos, this one seems TO ME to be the most pertinent. It reminds me of 2 Peter, chapter 1. Peter says he is about to die and wants to remind his flock of that which they already know but which he is making absolutely certain that they will be able to recall without fail. By analogy, then, it never hurts to remind business owners repeatedly – until they do not forget! – to stay in quadrant 2.
Thanks!
Great comment, Eric! Thanks!