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John F. Dini CMBA, CExP, CBI
President, MPN Incorporated
I live with the ups, the downs, the peaks, the valleys, and the gratification and occasionally the sheer numbing terror of being a business owner; and I experience all of it, EVERY SINGLE DAY!
As a coach, facilitator and consultant to hundreds of entrepreneurs, the operator of a dozen peer groups and a business owner myself, I spend almost every waking moment discussing the challenges and rewards of owning a business. I eat, sleep and breathe business ownership. I don’t hunt. I don’t fish. I don’t even play golf. Business ownership is both my vocation and my recreation. I think owning a business is the most interesting thing anyone can do.
View John's full profile and don't forget to check out his baby boomer business owner exit planning seminar:
"BEATING THE BOOMER BUST"
A unique seminar combining the iconic moments of the 50’s, 60’s, 70’s and 80’s with a statistical look at the social, economic, and business impacts that Baby Boomers made on each decade. More info...
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Small business owners are the Hunters of the 21st century. We are 3% of the US population, and yet we create over half of all American jobs. As Hunters, we may not be inclined to manage by the numbers or stick to systems. If we were, we'd be working for someone else! If you lie awake at 2 AM because you are worried about your business, or just because you are excited about what you will be doing when the rest of the world wakes up, then this is the place for you!
Tag Archives: employees
Choosing a Buyer for Your Business
You may be questioning this title. After talking in depth about the shortage of buyers over the next 10 years, the differences in values and work habits of Generation X, and the competition for ambitious people from better financed and … Continue reading
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Absence Makes the Heart Grow Fonder (Not!)
When you are in love, separation from your loved one is painful. The longer you are separated, the more you want to be together. The saying is attributed to Thomas Haynes Bayly, a popular (but fairly light weight) writer of … Continue reading
Posted in Leadership, Managing Employees, Sales
Tagged business ownership, employees, leadership
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One Response to Absence Makes the Heart Grow Fonder (Not!)
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Are Mistakes Good?
“Experience is a dear teacher, but only a fool will learn from no other.” Benjamin Franklin Business owners learn a lot from their experiences. As a friend says, “Experience is what you get when you don’t get what you want.” … Continue reading
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Employees aren’t Partners
Many of my clients are recovering from the recession. They are running lean, and have restored their profitability, even if at lower revenues than prior to 2008. Those that had to reduce or freeze employee compensation are seeking ways to … Continue reading
3 Responses to Employees aren’t Partners
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This is an excellent article and I completely agree with the concept that only Exectuive Mgmt should profit share. Incentive based pay for the employees is a good practice, but needs to have flexibility to ebb and flow with the needs of the business being met first and foremost.
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Larry Amon says:
John, I disagree. I used profit sharing with my employees for 15 years. Each employee in my company contributed to the profits of the company. We were a maufacturing company and everyone contributed, not just the managers. We did set up a system whereby each employee’s share of the profit was based on compensation, years of service, and a performance factor. We met monthly with all employees and reviewed our financials with them. They knew where they could help by controlling expenses and where they could cut costs. they knew the cost of the materials that they were using in the process and could increase the yield and productivity of the operation. When the company was sold the employees were given over $500,000 to be dived up according to the previous criteria. After 25 years they are still there.
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John F. Dini says:
That sounds lile a great system, Larry. I note you said “performance” was a key criteria. I have absolutely no problem with using company profitability as a funding scale for incentive programs. My piece criticised companies that distribute profits as an entitlement, without defining what individuals need to do to earn their share.
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Another Lost Generation?
I had the opportunity to present “Beating the Boomer Bust” twice this week, one of which was recorded for a Texas Public Radio show this weekend. For those who aren’t familiar with the piece, it discusses the massive changes that … Continue reading
2 Responses to Another Lost Generation?
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Richard pace says:
Thought I would use the conventional method and mix it up. Excellent article. Hopefully, the readers will have enough experience to appreciate it. Go Giants.
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John,
While it might be true that millenials work longer, is this a manifestation of the the experience curve, learning the ropes, etc. Perhaps the working for less is a case of “you get what you pay for”?
Good discussion. I am especially interested and working on ways to effectively use remote technologies like Skype, webex, and communicator.