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Thats key advice for business leaders seeking to improve their impact and excel in a sustainable, long-term way thats good for them and everyone around them. Indeed, executives often see themselves as industry or functional domain expertswhether in tech, health sciences, finance, or as an engineer, designer, or head of operations.
Rarely will you come across a static opportunity in the sense that it will stand idle and wait for you to act…Significant opportunities are not only scarce, but they typically operate on the principal of diminishing returns. The last sentance in your comment is sage advice. Thanks for sharing Peter.
After some lengthy interviews with each director and extensive desk research on the business finances, operations, and history, I introduced the notion to them last week that their business was grounded, barely standing still, and as far from a legacy company as they might get. The ending?
Gut instincts can only take you so far in life, and anyone who operates outside of a sound decisioning framework will eventually fall prey to an act of oversight, misinformation, misunderstanding, manipulation, impulsivity or some other negative influencing factor. My advice is to actually work at becoming very discerning.
Guest Post By Mary Kinney, Executive Vice President & Chief Operating Officer of Ginnie Mae, a cornerstone of the U.S. housing finance system since it was created more than 40 years ago (More about Mary at the end of this post). This goes back to embracing your humility, which also leads to my next piece of advice….
I think Winston Churchill said it best when he noted, “The pessimist sees the difficulty in every opportunity; the optimist sees the opportunity in every difficulty.&# Share and Enjoy: View Comments [link] robpetersen Great advice, Mike. Mark Oakes Mike Exceptional Advice that all, including myself, should remember on a daily basis.
Edinger also provides invaluable advice and techniques for how to move your sales team from transactional interactions and toward consultative relationships by: Helping your customers with problems they dont see. Question: What is the first step a business leader can take to start applying your advice tomorrow?
Closing gaps becomes much easier when you can position differences as non-adversarial and operate within a framework of trust. Your article and your advice are very applicable for our churches as much as they are for the business world. I truly appreciate your advice. If so, you likely have issues with conflict.
The harsh reality is that great numbers of leaders continue to operate in a vacuum by sequestering themselves away in the corner office and attempting to lead from afar. My advice to CEOs, regardless of whether you’re running a start-up or a Fortune 500 company, is to go see things for yourself.
In fact, it is my opinion that the worst form of gossip is conducted under the guise of seeking advice or counsel. Talking to anyone else wouldn’t resolve the issue, it would merely be self serving indulgence at someone else’s expense.
If you follow this advice not only will you become better informed, but you’ll also become more popular with those whom you interact with. Take your listening skills online, and don’t just push out Tweets and Facebook messages, but ask questions and elicit feedback.
Posted on July 7th, 2010 by admin in Leadership , Operations & Strategy , Rants By Mike Myatt , Chief Strategy Officer, N2growth I have read some interesting articles and blog posts of late on the subject of CEO term limits, and felt this topic worthy of discussion.
Posted on October 13th, 2010 by admin in Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth How dumb is your business? If your company can’t be operated by mere mortals, you need to reexamine your business logic.
royatkinson Thanks for including that last piece of advice, Mike. As you so clearly pointed out, bullies are self-serving not selfless. You are definitely not alone…Thanks for sharing Ron.
As such, it would behoove of you to have individual phone calls or meetings with board members in advance of the actual board meeting to seek their input and advice. link] Rob Hiliard Mike: Priceless and savvy advice – If only I’d had this insight early on in my career as a CEO I would have been spared a lot of pain and suffering.
The challenge is most acute for small businesses, whose finances can be particularly vulnerable during crises. In this in-depth exploration, we will delve into tips and strategies to manage your small business finances during a crisis and emerge more resilient than ever.
Mike Myatt : If you could give our readers one piece of advice on leadership, what would that be? Always operate from the belief that you can always grow and get better as a leader and as a person. Love John Maxwell's advice. I can see how you would love John's advice – what's not too love?
Solid advice that anyone interested in marketing and branding should pay attention to. link] Gerry Martin Thanks for this excellent post Mike – great common sense advice. Share and Enjoy: View Comments [link] Dave Macky Another great post Mike. link] Amadou M. Crystal-clear and highly readable. Keep up the good work.
While investment in the FinTech sector will require a slight shift in the risk appetite, the combination of policy advice and investment is what development organizations like EBRD are well placed to do. EBRD has always been one of the leading innovators in the space of sustainable investing and also FinTech.
Posted on March 24th, 2010 by admin in Miscellaneous , Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth Is the customer really always right? How far should a company go to satisfy their clientele or customer base?
This was a good read and better advice. That is the question that many a business is forced to ask at some point during their life cycle. " Effective leaders make hard decisions, they choose the path less chosen, and the hold the torch to lead their followers through the dark tunnels.
Don’t be shy – jump right in… Related Post : Vision vs. Mission Share and Enjoy: View Comments Oarabile Thats a gud advice Mike and keep the good work up and empower you generation Mark Oakes Good post, Mike Ah… the 'Vision' Thing … the underpinning of great things to come.
If you’re struggling with the family balance thing my advice is simple: don’t attempt to balance your family – make them your priority. I'm looking forward to 2011 and I appreciate your advice and friendship. My advice – go enjoy some hot chocolate. Thanks for the great reminder. Happy New Year Jay.
Mike Myatt : If you could offer any of our readers’ specific advice about leadership what would that be? All three of these individuals have had a profound and positive impact on those individuals and organizations which they have led. Marshall Goldsmith : Leadership is a contact sport and it’s often messy.
The Institute’s Opportunities Board is a place for organizations to list … N2 is a proud member of the IED Blogs, Social Networks and Recommended Sites N2growth Blog The N2growth Blog is provides C-suite executives and entrepreneurs with practical commentary and advice on how to grow their revenue, talent and brand.
Experiential insight with prudent advice. At the bottom of the hill we all seem to chase scraps from the table. Hopefully, as we gain traction and momentum in establishing a real brand, we can be more selective and discerning about preserving it. link] mikemyatt Hi Tom: Thanks for the transparency of your comment.
The advice I give to my clients is to be true to yourself, and authentic in your approach to creating a great first impression. I will always attempt to put my best foot forward, but like me, love me or hate me, I simply won’t feign appearances to win business…what you see is what you get.
Whether you’re looking to reopening or just need to cut down your current operating costs, there’s much a small business owner can do. Keeping your operating costs down is the number one thing any business can do to help ensure they can stay in the green and continue to grow. Learning to Lower Your Operating Costs.
Business is fluid, dynamic and ever evolving, which means that static advice is at best short lived, but most times is simply incongruous with the very nature of business itself. Their core is the design and the idea, the operating system, plus the network environment such as iTunes. As an example, Look at Apple! But manufacturing?
It will outline the essential components of setting up a trucking business and provide advice for getting started on the right foot. Do you want to operate locally, regionally, or nationally? Operating regionally or nationally will require more capital and a larger staff. Secure financing. Determine the scope.
link] mikemyatt Thanks for the advice Rick…I probably should have made it an even dozen:). I appreciate you sharing your link which also contains some great advice. This post was mentioned on Twitter by Mike Henry Sr., Executive Oasis Intl, charleneobille and others. Thanks for stopping by. Thanks again for stopping by Skip.
Mike Myatt : If you could give our readers one piece of advice on leadership, what would that be? Advice from Michael Hyatt, Chairman and CEO of Thomas Nelson Publishers, from an interview by Mike Myatt of N2Growth ( [link] ). [.] This is more critical than trying to figure out where everything is going.
My advice is simple…stop rationalizing and justifying doing the wrong things for the wrong reasons, stop whining & complaining and get in the game - do the right thing. link] robpetersen Mike, Great advice and a great foundation piece on social media. Great thoughts Allan and thanks for stopping by.
Therefore the following tips were designed to help you get the most out of your reading while maintaining efficiency in your reading efforts: Books : My first piece of advice is that if you don’t own a Kindle or other e-reader, go get one. Here's my advice – if Oakes is reading these books, then so should you be as well.
” Research supports the same – with neuro discoveries that show why this advice is a leader’s best neuron pathway forward to fix this dysfunctional dilemma! Thanks for the inspiration to help us all, “stop pondering and pontificating make a decision and take action.”
This article is all about managing those finances efficiently. Perhaps the most pivotal piece of advice for long-term financial efficiency on a personal level is to account for your spending, and budget out what portions of your salary you are happy to be spent on things like rent, food, and entertainment. Budget and Account.
What I shared in this post was not advice asking readers to fool themselves, but I was asking them to check their motivations and assess their aspirations. "False" beliefs, a lack of sincerity, or any belief system that is not genuine can be harmful. Doing anything for the wrong reasons is not likely to turn out well.
In an ideal world, every business would be successful enough to bring in a steady cashflow and keep themselves operating at a sustainable level. The Insolvency Service is a Government agency that helps to deliver economic support and advice to businesses who are in financial distress. Weigh Up Alternative Finance Options.
My advice to you is not to let your business get caught up in embracing random ideas – at least not without some initial analysis being conducted to determine the likelihood of success.
Your advice is helpful. I've been considering creating a blog, but am concerned about your fourth point: how do people find your blog when there are so many out there? It seems like a lot of work to be writing to yourself. I'll bookmark this page and read it again when/if I start my blog.
Receive Professional Advice. While you must have your books and financial records in order, another advantage of hiring an outsourced accounting firm is that you can receive professional advice. The accounting and finance part of a business is very important, but it is not the only one. Focus on Other Areas of your Business.
This programme which moved me through all major departments (Engineering, Finance, Supply, Vehicle Assembly, IS&T etc.) I started my career in purchasing; migrated to sales and marketing; moved to manufacturing, mining, and then general management in a business operating in 40 countries. Rio Tinto provided that opportunity.
You’ll need to manage your business capital and finances and keep the company on the right track. This is crucial for every business as finances need to be managed, liquidated, and organized. Separate Your Business And Personal Finances This part is crucial when operating your business, whether big or small.
Mike Myatt : If you could give our readers one piece of advice on leadership, what would that be? professing leadership acumen and expertise that it can be tough to distinguish between the posers and the players. Scarcity of resources as well as need for renewable ones is challenging us to make new and different decisions.
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