Tip Of The Week
n their article 14 Ways To Tackle Challenges, Every Entrepreneur Will Face the council discusses methods one can use to avoid some of the major pitfalls and challenges often overlooked by new entrepreneurs. You also need to feel good about what you are doing. They talk about that as well.
Feeling good about what you’re doing and having a practical execution strategy that makes sense will help minimize and in most cases eliminate doubt altogether. – Jamelle Lindo, PARADIGM People Development
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Reese notes that employees need to remain curious while working together toward the same goals and using the same strategies to avoid pitfalls. Collaboration within the team and with the customer is important at all levels to come up with the right solutions at the right time. Good point made by Sam ” In many companies, the informal water cooler talks now no longer happen due to the pandemic. So CEOs have become more deliberate about dedicating time to innovation.”
Tip Of The Week
Do you have a rebalancing plan to help get your business moving forward as our economy starts to open back up? Is a merger or acquisition in your future?
As business strategists, we have borne witness to clients who sold too early and others who sold too late ~Marc EmmerThis week’s TIP OF WEEK comes from Marc Emmer. Marc is President of Optimize Inc., a management consulting firm specializing in strategic planning. Emmer is a sixteen-year Vistage member and a Vistage speaker.
Marc touches on a number of key points that are both current and relevant to what many business owners should be considering.
Tip Of The Week
As the CEO are you building and sustaining relationships?
This week’s TIP of the week comes from Vistage speaker Jay Forte, a certified CEO/leadership/family coach, author, and nationally-ranked thought leader. In his article, 5 ways CEOs can keep teams focused and positive he discusses how executive coaches work with CEOs to assist them with effectively expanding their self-awareness of their strengths. At the same time making sure their employees are focused and engaged by improving relationships with them. Helping them take ownership of their work and committing to develop self-awareness leading to better decision making.
Tip Of The Week
In her article, How to Move from Self Awareness to Self Improvement, Jennifer Porter points out a number of key behaviors. Behaviors that don’t come easy to you, but that might generate a better outcome. Each of us must make a conscious choice and own up to the consequences of our actions. We have to make some self-management choices when we respond to others and try to avoid those negative habits that tend to upset others and leave hard feelings.
Tip Of The Week
Vistage Chair Janet Walker helps CEOs and business owners become the leaders their employees deserve. She’s built a career in human-capital teaching, training, and founding her own consultancy. In 3 strategies to get out of a comfort coma, Janet asks the reader boldly, who are you as a leader? Nothing can grow beyond your own ability. Are you the leader your employees deserve?
Tip Of The Week
Vistage facilitates confidential peer advisory groups for CEOs and other senior leaders, focusing on solving challenges, accelerating growth, and improving business performance. Vistage member companies grow 2.2x faster. How do you prepare your business for the next trend? Learn about key trends and develop your 2021 plans for your business, from this four-piece series, from The Vistage Staff. Trends facing business in 2021 and beyond
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If we want to dream big we have to inspire others to want to join the dream team, become invested, and take ownership of the vision. Vistage has presented another great article, this one on the instruction and guidance taught by Marcus Child. The article is filled with positive affirmations and a reminder to all of us to use our language in a positive way. How we say things, has an impact on those around us.
Tip Of The Week
Have you ever dreaded asking a question that you feel is going to sound dumb? At some point we probably all have. We’ve probably all learned from others – asking dumb questions in return. If you don’t ask, you don’t learn. You shouldn’t be afraid to ask either. Straight forward answers and understandings of a problem begin with someone having the courage to ask a ‘dumb’ question.
Tip Of The Week
“The leadership journey is life-long, and Vistage members recognize they don’t need to climb on that journey alone ” Vistage leaders are stepping up to support one another, and applying insights and best practices that make their journey more successful. The group meetings are facilitated by Vistage Chairs, who are former CEOs and business owners. They inherently understand the members’ challenges.
Tip Of The Week
According to research presented by Galvin, remote workers on their own networks are at greater risk due to cybercriminals. More companies are implementing cybersecurity plans, up 46 % in 2019 from only 38% in 2017. In the survey presented, roughly 32% of CEOs stated that over the last 12 months they had been a victim of a cyber attack. You’ll want to read up on Galvin’s comments regarding Addressing the weakest link, and Mitigating risk from the remote workforce.
Tip Of The Week
Have you checked your emotional intelligence lately? The emotional side of the business work environment deals with everyday employees, leadership, management, and self-help. When we react emotionally, the fallout, if left unchecked, can manifest itself in angry outbursts, depression, and low resilience to getting sick. The level of emotional intelligence in leadership drives decisions. Scary? It could be!
Tip Of The Week
Economy reaches the first plateau of recovery by: Joe Galvin Joe Galvin is the Chief Research Officer for Vistage Worldwide. In his article Economy reaches the first plateau of recovery, Joe asks the question:
To what degree have your revenues been impacted by coronavirus?
Before you answer the question, first check out the The July Vistage CEO Confidence Index survey, with 1334 CEO’s showing Optimism continuing to improve. Now ask yourself the above question.
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Small Businesses Gaining Optimism about Revenue Growth, Expansion Plans, Despite Economic Uncertainty
Tip Of The Week
Been feeling the pressure of the times? Deadlines got you down? Getting businesses up and running smoothly again has had many business owners feeling the stress from too much pressure. It is time for change! In the article 8 Leaders Share Their Secrets to Succeeding Under Pressure written by Young Entrepreneur Council @YEC, they give some thoughtful and common sense advice. “If you don’t want to spend the rest of your career fighting fires, take time to prevent them from happening in the future”
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Are mistakes making you better at what you do in the long run?
This week we take a look at “the surprising benefits of striking out, and how to make the most of your mistakes”. Take 5: The Upside of Failure by writer Jake J. Smith, a research editor at Kellogg Insight. Kouchaki lists 5 topics to help direct the reader’s attention to what is possible when one reflects on ones habits, past mistakes, and even our ability to deal with focus groups. He highlights the researchers respective experiences in theirs fields when dealing with competition, ambition, selective memory, and unethical actions.
Tip Of The Week
This weeks Tip of the Week comes from Iskandar Aminov, Aaron De Smet, and Dan Lovallo . They discuss their survey of more than 1,200 respondents that “challenges assumptions about decision making. The authors, and contributors look at winning organizations and list some of their most likely traits, including : -Making decisions at the right time
-Focus relentlessly on enterprise – level value-Get commitment from the relevant stakeholders.
“With the right mix of processes and practices, decision makers can involve the right people”
Tip Of The Week
Could you use some help with getting your meetings organized? If you feel comfortable with experimenting and redefining your meetings, this will be a good read. Keith brings to light suggestions for avoiding drifts and keeping things on track. Incorporating technology is a must. Just look around at the number of people working at home today – versus 3 months ago. Now is the time to be planning and strategizing, and working toward when the economy comes fully back on line.
Tip Of The Week
What to increase your leadership skills?“If you expect your team to work hard and produce quality content, you must lead by example. Whatever Your Career Ambitions, Your Leadership Skills Will Be Critical”. Read the ten top qualities Bernhard discusses in his article that leaders should master. The rule of thumb is if you lose an A performer, it takes you 3 years of salary to get them back. Having goals, accountability, and rewards for your team ensures that you keep your A performers because it’s a huge expense to get another one back.
Tip Of The Week
Good Leaders are Good Listeners. But to Be an Exceptional Leader, You Must Learn to Listen Differently. Philip provides insight into becoming a competent leader by learning to be an effective listener. It is important that others are being heard and understood. Good leaders need to be fully present, engaged and resourceful. Listening, it requires the ability to focus your attention and engage your intelligence to understand. Good Leaders are Good Listeners. But to Be an Exceptional Leader, You Must Learn to Listen Differently. How good of a listener are you? How good of a listener are you?
Tip Of The Week
Why do many merger and acquisition deals fail? Price goes over four additional topics on Mergers and acquisitions for his readers. He notes that “All things being equal, a well-run company with a consistent method and practice for developing, maintaining and executing multi-faceted strategic plans over several periods is more valuable than those that do not.”
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Unclear about how to begin to sell your business? There are three things that are very important when preparing to sell your business. Do you want yourself or your clients to achieve their valuation needs and objectives with analyses, calculations and a report that stands up in court, to the IRS, to a buyer or any business value need? Or do you want to potentially lose $Millions?
Tip Of The Week
Looking for points on Customer Retention to grow your business? In his article, 5 ways to focus on the customer to grow your business Joe states, “When asked about priorities for customer engagement, CEOs cited customer service as their no. 1 priority.“
Tip Of The Week
When we think of accountability, we typically think of holding others accountable. One must have an Internal self-awareness. Internal self-awareness involves understanding your feelings, beliefs, and values — your inner narrative. One must also have an external self-awareness which involves understanding how our words and actions impact others. a small shift in one’s mindset will directly impact behaviors and can have a significant positive impact on an entire team. Take Action!
Tip Of The Week
“This is the generation that breaks up by text message, so in a professional context, to have to let someone down or give bad news was terrifying”. A look at how job seekers are juggling multiple offers at once; creating sticky situations for all involved. How well candidates manage job offers can shape their long-term career satisfaction and their professional reputations. When getting multiple interview offers from different companies, it can be slightly overwhelming. However, it’s important that the individual attends as many of these interviews as they can to help them make their decision about which company they want to work for.
Tip Of The Week
Living and Learning Under Influence can your leadership reflect a more positive influence? Pondering the capacity that we have to influence, to be influenced by others, and yet, still stand for something true, even when voices around us are pointing in another direction. To stand on pure points, the saving-people-from-a-burning-house-without-hesitation kind of pure point.
Tip Of The Week
Which is right for you? 2 different approaches to innovation. In his article, 2 different approaches to innovation, Joe discusses ways to focus on growth, and how to determine an innovative strategy for your business. He is clued into the difference in high-growth companies that are more engaged in innovation than no-growth companies. Yet he notes that small and midsize companies don’t all approach innovation the same way. “Innovation requires leaders willing to break the status quo to build a better business. The key is to figure out which approach is best for you and your company” ~ Joe Gavin
