Peter Drucker wrote: “Leadership is something that must be learned.” So when I say accountants make horrible business leaders, please know that it is primarily their choice--they could be great business leaders if they wanted to put in the work and discipline themselves to develop the key leadership skills. There are basically five areas of learned leadership that I’m going to discuss, each of them critical to being a great business leader.
Most Popular Blog Posts of 2010
There seems to always be one employee that no one in the company can stand. They are usually rude and often condescending toward others and they seem to create problems and conflict with everything they do. But the entrepreneur keeps them around for some reason, regardless of how bad the complaints from the other employees get.
An entrepreneur started his company over 20 years ago. He had built it up to several locations with a strong, recognizable brand. I won’t go into all the details of why his business failed, but what amazed me the most was how, on the brink of financial and professional ruin, he was figuring out what his next business was going to be. The word I use to describe this attribute, which I find among so many business owners and entrepreneurs, is resilience.
From the moment you decide to start a business you are signing up for adversity, problems, and challenges. Many will tell you your idea i
Business partnerships are one of the most unique and trying relationships we will ever enter. Some work, but most fail. I did a quick test. I searched Google for "business partner problems" and found about 169 million results. Compared to only 143 million results for what I assumed would be the more common term of "business partner," I think it is clear that many struggl
With 2009 coming to a close, we look ahead to what we can expect and should plan for in 2010. Here is my list of the top ten trends founders, CEOs, and entrepreneurs of start-up, emerging, and medium-sized businesses should consider as they prepare for the new year.
1. The recession will not end, regardless what anyone says - There are just too many issues that still need resolution
As I sat trying to explain the deal points of a transaction for one of my clients to a business attorney, I was amazed at how he began every sentence with: “The problem is…” He spent my entire time with him explaining all the problems with the deal, so I invited him to share some solutions. He offered none.
Two different companies, each in a different industry, face the same dilemma. Growth and success have created significant pressure on their business, specifically their people and their technology. In order to solve the short-term constraints as well as build the most scalable solution for the long-term, how much investment should be made into new technology and how much should be made in people, or human assets?