Running Your Own Business – Part 1

RUN YOUR OWN BUSINESSIn the Business Facet of this Great! All the Time! blog, you will learn in detail the following ideas:

  • The concept of Greatness! must drive you to be Great! in business.
  • A Great! business leader fulfills the five functions of mentoring, marketing, management, money, and moving on.
  • To be Great! in business, everyone in your business must brand, broadcast, attract, connect, relate, serve, Cha-ching!, Cha-ching!, and repeat.
  • The P10 Principle is the best way to set up and run a Great! business, allow the you to fulfill the five functions of a business leader, and allow everyone in your Great! business to enjoy The Overarching Concept of Greatness!

Continue reading “Running Your Own Business – Part 1”

The 1 Way To Get Your People To Admit Their Mistakes

Report errors and love the errant
Report errors and love the errant

Have you ever been overly severely chastised? So severely reprimanded that not only you felt guilty (because you felt you had done something badly), but also, and worse, you felt shamed (because you felt you were a bad person for having done something badly). No one likes heavy-handed reactions to their mistakes in life, even well-deserved ones. So, if you would much prefer your people feeling empowered rather than ashamed, then you must consider this.

Continue reading “The 1 Way To Get Your People To Admit Their Mistakes”

What’s the Purpose of Your Business?

Peter F. Drucker (1909 – 2005) has often been called “the founder of modern management.” If you do not have a copy of his seminal textbook, Management, on your shelf (mine is the revised edition (HarperCollins 2008), then you need to do the two things I have done: buy and memorize it cover to cover. My adulation for the man nothwithstanding, however, he is wrong about his core value on the purpose of a business, dead wrong.

I’ll tell you why. Continue reading “What’s the Purpose of Your Business?”

Treat Your Business as Your Life’s Precious Resources Manufacturing Plant

I had a quick counseling session this morning with one of my favorite clients, a doctor who is just not a morning person and does not look forward to going to his office each morning. Except for the vacant stare of dissatisfaction with his life, my client looks nothing like this guy. Nonetheless, …

By the end of the day, he is happy, but only, so he said, because he was able to finish the day and get paid, handsomely, for diagnosing and treating people’s illnesses and use that money in the late afternoons, evenings, weekends, and vacations, doing what he really would prefer to be spending his time and money doing.

“Really?” I asked. “So you feel more energized at the end of your shift than the beginning of it?”

Continue reading “Treat Your Business as Your Life’s Precious Resources Manufacturing Plant”

5 “Must Do’s” You Must Do To Be Great! in Business

If you ever want to be Great! in business, there are five things you will have to do. They are all hardly simple. They may at times be, in fact, simply hard. But if these five things were so easy that anyone can do them, then anyone could be Great! in business and you would have a lot more and a lot more threatening competition than you do.

What are these five must do’s you must do in order to be Great! in business? I’ll tell you. Continue reading “5 “Must Do’s” You Must Do To Be Great! in Business”

Greatness! in Business

Most business blogs, including this one, cannot and, therefore, should not be taken as gospel by which to live. To do so is, as Richard D’Aveni, once a professor of strategic management of Dartmouth’s Tuck School of Business, said, “to set yourself up for a fall.” Ten years after the 18 businesses qualified as “visionary” by Collins and Porras in Built to Last, half of them have seen big downs following their prior visionary years of ups.

Such blogs do, however, do one thing. They inspire people by showing examples, examples of people who have “done it;” whatever “it” is supposed to have been, or is supposed to be, or might at some time in the future be.

And, if they have done it, then you can do it too, right?

Well, not necessarily. Just because others have, in their circumstances, “done it,” does not necessarily mean you can do it in yours. Most of the visionary businesses listed in Built to Last, Good to Great, and others were huge and had been built up over scores of years from more humble beginnings. They were selected because they had become visionaries, had survived the pangs of middle age and shown they were (in their time, in their prime) great. Which “Greatness,” defined by Jim Collins in Good to Great consisted of financial performance several multiples better than market average over a sustained period of the then recent past. Money is, as they say, the way of keeping score.

You, on the other hand, are just starting out, not even sure exactly what your embryonic enterprise, being gestated in your parental womb of entrepreneurial potential, is or will be. But what you do know is, you are tired of being whatever it is you are tired of being and you want to start your own company and you want to be “Great!” in business. And, at the same time, you would like it very much if you could also perform financially several multiples better than market averages over a sustained period of the future.

And I know how you feel. I know how you feel, because many times in my life, I have felt the same way, but let me tell you what I found out. The vast majority of people, “nine nines out of a billion” as I call them, fail to achieve the Greatness! they deserve

Why do they fail? They fail because they define their greatness the wrong way. And while they may achieve what they think they want over the short term, sooner or later, they come to realize the greatness they thought they wanted, the greatness they thought they had, is gone, because they focused almost exclusively on what money they could take out of their enterprise instead of focusing on what life’s precious resources they could grow inside their company and how they could then use those resources to do great things for the other people, places, and things to whom and which and for whom and which they didn’t realize their values should have made them responsible.

And so, in response to my own personal failures, having realized this epiphany, I shifted, as instructed by Covey and others, my paradigm and changed my definition of greatness and came up with my own definition by which to measure myself against the world. A definition by which, regardless of whatever circumstances in which I found myself, I would be able to see myself as a successful person and a definition by which I could honestly and truly call myself “Great! All the time!”

So, before we start doing “whatever it takes!” to make you Great! in Business, let’s agree on our definition of what Greatness! is. Here’s my definition:

Greatness! — is a peaceful and satisfied state of mind resulting from using proaction, perception, planning, preparation, practice, and persistence to promote one’s values, vision, and mission into a practically perfect performance of a balanced creation, highest and best use, and recreation of life’s precious resources of self, time, effort, energy, emotion, intellect, property, and people to do the best thing in the present circumstances for the optimal balance of the highest priority and the most of those people, places, and things with whom and which one has relationships and to whom and which and for whom and which one’s values make one responsible.

Tell me, you and/or your present or future business doing or perceiving, planning, preparing, and practicing persistently to do this?

If so, how? If not, why not?

Post your answer to this question in a comment, or on Facebook, Twitter, or LinkedIn.

In the meantime, you GOTTABGATT! so go out there today and be Great! All the time!

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