Leadership and Management

What Can You Learn From A Little Boy And A LEGO?

I was at home Saturday night enjoying a really nice evening with my wife and daughter. We had just finished dinner, and I was thumbing through one of my Twitter feeds. [Do you want to grow your business? Maybe I can help. Click here.] That’s when I saw this tweet: Boy writes to Lego after…

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How Being Too Frugal Can Hurt Your Company

“We’re not spending money on voicemail!” Jack Gifford, the CEO of Maxim Integrated Products said. “We don’t need it!” Several other senior executives and I were meeting with Gifford and the subject of voicemail came up. Gifford’s negative response wasn’t a surprise to any of us in the room. After all, Gifford was the same…

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How Much Help Should You Expect From Your Investors?

If you go on just about any investor website, you’ll likely see the investor touting how they will help you recruit and build your team. The reality is buyer beware. In other words, your investor’s ability to help you may not be what you think it is. I’ll explain why in this short video.  …

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When Should You Stop Giving Equity To Your Team?

I was in a board of directors meeting for a company I am advising. The discussion moved to stock options. One of the investors, “Michael” said, “We should set the strike price as high as possible so employees that quit will not exercise their options.” Most of the other people were nodding their heads in…

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The Simple Strategy To Get Your Team’s Buy In To Your Culture

I have a simple rule I like using, and I’ll share it with you. It’s always a red flag when something (with the exception being the technology) is supposedly complex. [Do you want to grow your business? Maybe I can help. Click here.] The same holds true for getting your team to buy into your company culture.…

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How Do You Become A Business Success?

“I want to be successful so badly I can taste it. What do I do?!” I said to the wall in my office. It was my first day after we launched our startup and I needed answers. “Yes, my son,” a booming voice responded. I was startled momentarily. “Who are you?” I asked. [Do you…

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You Should Always Promote From Within. Here’s Why.

When I was just starting my career, I was blessed to work at a really successful company for a really good CEO. I learned a lot working for Jack Gifford at Maxim that I could use when I started my own company. One of the most important lessons I learned was the power of promoting…

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What’s The Best Way To Determine Your Team’s Salaries?

“I want to pay half market rate,” the CEO, “Richard”, said to me. Richard had just raised his first round of funding. I asked Richard why? Richard said, “I want them (the employees) to share in my risk.” Richard’s feelings are not unique. You might feel the same way. “But 50% of the market rate…

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What Should You Do With Your Flawed Employees?

When you’re just starting out, you may have some members of your team that have serious issues. Ideally, you’d let the person go and find a replacement. But you may not have that option when you’re just starting out because the perfect fit for a given role may not want to join your startup yet.…

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