As part of our profit coaching efforts, we try to go beyond number crunching and help clients really grow their business. We weed through a lot of junk on the Internet, but we save the good stuff to share with you. Here's the most insightful and inspiring bits we found on the world wide web this week:
Startup mentor, Jason Saltzman, shared his 8-step battle plan to successful entrepreneurship on Entrepreneur.com. This guy is wise beyond his years, having extensive knowledge as a CEO and within the startup community.
The 8 Steps:
Subscribe to our blog here for more tips for entrepreneurs.
Inc.com shared one entrepreneur's jaw-dropping investment pitch on Shark Tank. He refused to negotiate his integrity, even when faced with losing investment dollars. His story is worth repeating and is chock-full of wisdom. Super inspiring. Super worth the 8 minute watch.
CEO Ricardo Semler is not a convenentional business man, living by a principle he calls "terminal days". Twice a week (during regular business hours), he's at the beach or dog-sledding to the north pole. The reason? He's checking items off his bucket list, wanting to climb that mountain now, rather than wait until he's 82. And not only that, but he encourages his employees to do the same! This is just the beginning of some of his revolutionary ideas. To hear them all, listen to his 20 minute TedTalk.
"Many of us have learned how to go to our email on Sunday evening and start working from home. Few of us have learned to go to the movies on a Monday afternoon."- Ricardo Semler
CEO of The Purposeful Culture Group, S. Chris Edmonds, pens a personal story of making a mistake. He then goes on to share how mistakes made at the leadership level can impact the entire team. From his perspective, here's the 4 most damaging mistakes leaders make when managing a team:
Chances are, if you're starting a business, you'll need financing. Small Business Trends, who've worked with thousands of startups, compiled a list of the 5 most common mistakes startups make when trying to get financing.
As James Kerr, management consultant for BlumSharipo Consulting, says: accounts payable is boring. But with the current challenging economic times, it's important to tighten up your strategy. Even reexamining the most mundane of activities can provide improvement. Read the full article, on Inc.com, here.
Having a hard time finding the right people? Tim Lowe wrote an article for Harvard Business Review this week that claims a company's approach to compensation might be to blame. Today's job market is rapidly changing with new emerging industries, as well as careers. Many organizations fall behind when their salary practices lack evolutionary change based on industry trends. Lowe proposed four factors that might affect a company's ability to compete for talent: