Three Rules for Small Business
A few days ago a discussion on LinkedIn’s “Small Business Accelerator” group asked “What are the three things a small business owner should focus on?” As challenging as any business is, the basics remain the same for everyone. We provide goods or services, … Read More »
Are Entrepreneurs Smarter, or just Gutsier?
The vagaries of my reading habits had me reading two “How I did it” books last week; Ed Whitacre’s “American Turnaround” and Dave Ramsey’s “EntreLeadership.” Both men are justifiably proud of their achievements, but their differing paths to success are striking. … Read More »
Could We Stamp Out Entrepreneurship in America?
In a recent Special Report on the Nordic Countries, The Economist notes that some Californian citizens pay taxes equivalent to those of Sweden. The Swedes, however, at least receive an excellent educational system and free health care in return. The … Read More »
Does Your Business Need to be Leaner and Meaner? (Part 1)
I’ve been surprised by the tone of my clients’ conversations since the beginning of the year. They want to get tougher. They want to plan more. They want to find the chinks in their armor, and sharpen their weapons. These … Read More »
Atlas Shrugged and the Imperial Presidency
“Atlas Shrugged – Part II” was released on Friday. Those of you who read this column regularly know that I’m a fan of Ayn Rand, although I place myself far short of devout Objectivism. I’ve sported “Who is John Galt?” license plate … Read More »
Health Care Costs: Is Medicine a Market?
There is an excellent article in The New Yorker comparing the production and quality control methods of the Cheesecake Factory to certain advances in “Big Medicine.” It focuses on the savings available from large health systems through standardization and quantity purchasing. In reality, … Read More »
Employee Motivation: The Effect of the Economy
In 1979, President Jimmy Carter delivered his “Crisis of Confidence” speech, commonly referred to as his “Malaise Speech” although he never actually used that word. To a country reeling from stagflation and an oil crisis, it was an additional blow to … Read More »
Computer Technology: Curse You, Bill Gates!
Every business is held in thrall to its computer technology. In most white-collar environments a computer crash comes with the added expense of employees sitting dumbly at their stations, unable to function. When a function of our business becomes a core … Read More »
Lords of Chaos
Every business owner must be adept at dealing with chaos. Entrepreneurship demands the ability to choose a course of action when everyone else is staring into the headlights. It requires a willingness to make a decision with inadequate information, and to make new decisions … Read More »
When Independence isn't Freedom
I owe the idea for this column to my friend Tom Morton, whose Harrowgate blog lends a considerable dose of dry Brit humor and keen business perspective to the issues of small business ownership. Give him a read. Sometimes the … Read More »
