This article is an extract from Uncle Ralph's, "The Complete Do-It-Yourself Guide to Business Plans". Read the book.
This Real Life Story is loosely based on the real life experiences of your Uncle Ralph which he shares with other entrepreneurs in his book, "Don’t Do It the Hard Way.” Read the book.
Real Life Story: “You got to trust somebody.”
Business is built on trust.
Responding to Challenge #1:
Strategic Leadership & Management Effectiveness
Keep your Balance
It is easy for owner-managers to get pre-occupied by the daily demands for attention – chasing opportunities, resolving customer complaints, managing employee performance, satisfying business partners, governments and the bank. Stepping back to look at the...
This article is from Chapter 4 of Uncle Ralph's, "Don’t Do It the Hard Way”. Read the book.
Challenge #1: Strategic Leadership + Management Effectiveness
Start with a plan.
As we started our e2eForum on a bright sunny spring morning, this was on the flipchart:
The Entrepreneur’s Challenge:
Strategic Leadership + Management...
Irrational decision making - Pipelines and Politics
I never studied Political Science but as an engineer and graduate in Applied Science, I am inclined to think that there is little science involved in political decision making. Lots of ideological fervour and applied psychology, but very little scientific analysis...
Pricing your Business
Most business owners carry two numbers in their head – the monthly sales necessary for break-even and the selling price for their business. Both numbers may be wrong.
Break-even is more complicated than simply covering monthly operating costs and the selling price is not your ego-inflated idea of a selling price, but the value...
Earn the right to brag
It worked for me running marathons. Long after my rational brain and aching body were telling me to quit, my ego kept reminding me that I would lose all bragging rights, if I didn’t finish. I knew it was much more satisfying to work into the conversation, “Yup, the full twenty-six...
Enlightened Entrepreneurship – Part 3: The Action Plan
Enlightened Entrepreneurship requires us to practice it, promote it and defend it.
Does accepting that mission make us missionaries? Yes.
And the mission has a three part Action Plan:
- Practice enlightened entrepreneurship and lead by example for employees, customers, suppliers, strategic partners and stakeholders.
- Help other entrepreneurs be more enlightened and...
Enlightened Entrepreneurship – Part 2
I have recommended the concept of enlightened entrepreneurship. Others are also using the term, but we do not have a common understanding of “enlightened entrepreneurship.”Some people apply it to define a very spiritual or humanistic approach to business and others confuse it with social entrepreneurship, where the purpose of the business...
The need for Enlightened Entrepreneurship
My mission with LearningEntrepreneurship.com is to promote what I call “enlightened entrepreneurship.” I didn’t coin the phrase I’m sure, but here is my definition.
Enlightened entrepreneurship: business leadership that recognizes that doing better for the business also means doing better for employees and their families, for customers and suppliers, for communities and...