Tag Archives: entrepreneurs

Not Just Workers…Qualified Workers

A few weeks ago I attended one of Trinity University’s Policy Maker breakfasts. Although living in a large city has its drawbacks, it is great for access to events such as these. It takes substantial ticket sales to justify top-rank speakers, … Continue reading

Posted in Exit Planning, Management | Tagged , , , , , , , , , , , , , , | 2 Comments

2 Responses to Not Just Workers…Qualified Workers

  1. Ray Walker says:

    Just the same in the UK. Worthless degrees lack of preparation for work, no motivation to work, the millenia of Chinese domination is upon us.

  2. Martin Frey says:

    I find the information you shared today accurate and frightening from a sociological and economic standpoint. This is clearly seen in the current news where college students seem to have no idea of reality beyond the campus. I see myself as very blessed that my adult children are the opposite of their generation in this regard. They are 28 and 30 years old and earn between $120K and $250K per year and save and invest most of it. When I grow up I want to be more like my children.

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The Quest for Recurring Revenue

Recurring revenue is the current Holy Grail of business. Barriers to Entry, a traditional way of assessing your differentiation against competition, have been replaced by Barriers to Exit, how to make it at least inconvenient or at most excruciatingly painful for … Continue reading

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One Response to The Quest for Recurring Revenue

  1. I am striving to achieve different recurring revenue streams over time, so I will check out the book, The Automatic Customer by John Warrillow.

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When a Customer Outgrows You

There is nothing that quite matches the excitement of landing your first really big customer. It often brings with it the confidence that comes with knowing, really knowing, that you can compete in the big leagues. There could be the added security of … Continue reading

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Is Your Business in the “Neutral Zone?”

As Baby Boomers business owners approach retirement (the youngest of them turned 50 this year) they face a unique challenge. The market for small businesses is increasingly a buyer’s smorgasbord A shrinking middle-aged population, corporate competition for talent and less interest … Continue reading

Posted in Building Value, Entrepreneurship, Exit Options, Exit Planning, Exit Strategies, Leadership | Tagged , , , , , , , , , , , , , , | 2 Comments

2 Responses to Is Your Business in the “Neutral Zone?”

  1. Clint says:

    Thanks John. Interesting what the future will hold for these businesses…Buying businesses for millions of dollars seems like pie in the sky for most of us Xers or Millennials. I totally agree with the “hire a buyer” future. When I told my boomer boss that I may be interested in opportunity for buying I think he woke up a bit and has started me on an upper mgmt ladder. I call this Intrapreneurship and have even started a community at http://www.IntrapreneurOnline.com where we IPRs can share our wins, grow and help each other. Maybe it will even turn into a place for nurturing these “hire a buyer”s.
    Thanks again,
    Clint.

  2. TKO Miller says:

    Great article, thanks for sharing! We\’ve written a blog post on why 2017 is the perfect time for baby boomers to consider selling their businesses. Read it here: https://www.tkomiller.com/blog/baby-boomers-and-business-owners-2017-is-your-year

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Police Deadly Force and Management

The outcry over the use of deadly force by police officers has dominated headlines. Ferguson Missouri, New York City, Virginia, Texas, Florida. Although incidents involving unarmed black men have dominated the headlines, the total number of deaths by law enforcement … Continue reading

Posted in Leadership, Management | Tagged , , , , , , , , | 5 Comments

5 Responses to Police Deadly Force and Management

  1. Kyle Whale says:

    So what are some examples of “nightsticks”?

    • John F. Dini says:

      Sorry, I guess even the term is antiquated. A piece of hickory, cured and hardened, round (about 1.5 to 1.75 inches in diameter) and about 30 inches long. Longer than a Billy club, harder than a truncheon. Grooved handle for a good grip, with a strong leather thong for wrapping around your wrist. Formerly standard issue for every police officer in the country. Later “improved” with a second handle that came out 90 degrees from the side about 1/4 of the way up, but my dad never cared for those.

      • Russ Ronnebaum says:

        I don’t want to put words in Kyle’s mouth but I think he might have been referring to a “nightstick” in the context of what examples of a “corrective action” to mete out to an employee instead of the big threat of “deadly force” that results in termination.

        • John F. Dini says:

          Oh. Duh! Thanks Russ. A structured system of progressive discipline gives supervisors the ability to assign penalties without being accused of arbitrariness. Docked pay, deferred raises, forfeiting PTO (which in most states is only controlled by company policy), exclusion from an incentive pool and suspension are all options, but the supervisor needs to understand what is available and when it is appropriate.

  2. Chris White says:

    Perhaps some commercial examples might illustrate the point?
    1. Most serious examples short of termination might include probationary status, docking pay, demotion.
    2. Less serious examples might include a letter in the personnel file, attendance at a seminar on the topic causing the problem, loss of privileges such as parking space, etc.
    3. Least serious might just be a verbal reprimand without the “or else” attached to it.

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