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Even the best new concept or existing plan will fail if executed poorly. The Management Team section of the business plan must prove to the investor why the key company personnel are "eminently qualified" to execute on the business model.
The Management Team section should include biographies ... Views: 1509
MANAGING THE OVERLOAD
By
Bill Cottringer
“Offices, desks, drawers, attics, basements, table tops, backyards, closets, medicine cabinets, garages, mailboxes, minds…all getting full of clutter and spilling over.” ~The author.
Everything I read, see, think, talk about, and experience these ... Views: 859
All investors greatly desire and are motivated by a clear picture of a company’s exit strategy, or the timing and method through which they can “cash in” on their investment. This picture best comes into focus when the key valuation and liquidity drivers of the company are clearly delineated. An ... Views: 642
You have a detailed business plan, which showed the overall intent of your company. You presented the business plan to your bank before start-up and they submitted funding in the amount that you both deemed acceptable. The original business plan contained the basis of the procedures that will ... Views: 659
In today’s shortage of talent, managers are working hard to find solutions to recruit the talent they need. There are many ingredients in the “art of recruiting,” though knowing what the essential responsibilities (functions) of the role is paramount.
The job description is a tool that serves ... Views: 944
Obviously the best thing to do is to refer to the person by name, however that is not always possible or practical. Most people want to be referred to by terms they have chosen, not labels selected by others outside their group. Perhaps it would be easier to increase sensitivity if more people ... Views: 1375
The restaurant industry in the United States employs an estimated 12.2 million people, making it the nation's largest employer outside of government agencies.
The restaurant industry in the United States employs an estimated 12.2 million people, making it the nation's largest employer outside ... Views: 703
You’ve been dreaming about what it would be like to start your own small business. It has been on your mind since you were in school, and there are times, especially on Monday mornings, that you daydream about it. But, you’re not really sure what it would look like. You don’t have the first clue ... Views: 790
Franchise opportunities are out there and if you look, you’ll find more than you can count. In order to find out if a business franchise truly is an opportunity of a lifetime, there are a few points that you must evaluate.
Point 1: Market Trend
Most franchise opportunities are based on ... Views: 582
Many ventures are faced with the challenging task of raising venture capital. The first part of this process is finding the right venture capital firm (VC). While this may seem simple, it isn’t. There are thousands of venture capital firms in the United States alone, and going after the wrong ... Views: 623
Writing a business plan can be a lot of hard work or it can be great fun. An effective plan can help your company to greatness. A poor one can lead you out of business. No plan is like asking to fail before you even start.
Not every business needs a 200 page bound business plan. However every ... Views: 617
Time is on its way, Welcome 2008, very hot July here. Many people who starts home business just in January earning big bucks, my kids every time asking me, MOM this year no trip. Relatives brother...she use to call "soyena" has two times in June - this real story is 2 years before my Daughter ... Views: 634
Micro-management is a term that has surfaced in the business world to indicate when a manager watches everything an employee does and tries to control their performance. The basic reaction to this style of management is it stifles the growth of employees as well as the business.
An employee ... Views: 1646
There is a significant relationship between time management and stress management. If you are a better time manager, you experience less stress and if you manage your stress, you are a better time manager. Time and stress are siblings. If they get along, everything is rosy but if they fight, ... Views: 909
When developing the competition section of your business plan, companies must define competition correctly, select the appropriate competitors to analyze, and explain its competitive advantages.
To start, companies must align their definition of competition with investors. Investors define ... Views: 851
You have an employee who performs well in most of their responsibilities, yet has one area that they seem to avoid or perform below par. How do you handle this without demotivating the employee.
A classic example is the sales person. Successful sales people have strong communication skills ... Views: 1066
In this culture of overwhelm, apathy, exhaustion and the demand to succeed, the call for building personal, professional, and physical (3P) power and personal leadership is extreme and imperative. Living life today simply requires greater skills and strength.
The word “leadership” usually evokes ... Views: 1385
Managers have long viewed meetings as a necessary evil. This attitude is understandable but unfortunate, as a good meeting should be an active forum in which colleagues exchange ideas, solve problems, and make decisions. The fact that so many people abhor meetings is testament to managers’ ... Views: 1551
Teamwork is necessary for a business or organization to function. In recent years, however, “teams” and “teamwork” have been so overused that they have become yet another (almost) meaningless business buzzword. We now talk about cross-functional teams, multinational teams, hot teams, distributed ... Views: 1713
Employees want to succeed in their work and you as their manager can guide them. To be successful as a manager, I would suggest that you focus more on the employee’s strengths than their weaknesses.
Since we tend to get more frustrated by what an employee is not doing, potentially we may ... Views: 1867
How Do You Know What To Do For Sure?
By William Cottringer, Ph.D.
“Good judgment comes from experience and experience comes from bad judgment.”
~ Anonymous.
How do you know what to do for sure? That is a very good question to which we should all want to know the answer, especially ... Views: 813
Do you think of communication as only verbal….being able to share your thoughts? Another part of communication is listening. The communication process includes both the speaker and the receiver. In your role as a manager, being a strong listener is an important skill for you to develop.
In ... Views: 975
Every manager in their career stumbles across a challenging employee….one who frustrates them and takes a lot of their energy to manage.
Note: I’m addressing performance-based issues for managers. Serious issues such as violence, sexual harassment or drug abuse are ... Views: 1435
Most companies that are worthy of raising venture capital have proprietary Intellectual Property (IP). In fact, the quality of the IP and the management team are often the two most important aspects of a venture capitalist’s investment decision. The challenge that many ventures face, ... Views: 596
This article is NOT a complete manual on how to open, manage and operate a membership website, it is meant to give you a little insight into the areas of operations that you will need to be aware of.
What exactly does it take to create a membership site?
Probably the first thing that comes to ... Views: 1439
You are the manager and you want to insure that your team members are strong performers. You know your primary focus is to set standards and guide your employees to higher performance levels. Though…how do you do it?
Does a strong manager demand or coach their employees to meet the ... Views: 822
Did you know that satisfaction is the number one emotion people want to experience about their life and business? Yes, fame and fortune are up there, but satisfaction is the key. Satisfaction is about contentment, gratitude and pure joy. Are you satisfied with your business and your life? If ... Views: 1249
Technology is a powerful tool that will continue to impact the working environment. The ability to stay connected no matter where the employee is located, allows companies to be more flexible with their business decisions and with employees.
Most companies still operate from a physical space ... Views: 1097
I grew up with a father who was in love with words. His reverence for language, pronunciation and proper diction was an annoyance to me as a child, but a gift to me as an adult.
I remember the way he would read aloud a passage from a book or a poem. He had a natural gift for rhythm and tempo. ... Views: 1280
Have you a “high maintenance” employee….one who demands a lot of your time? Every manager usually bumps into this type of employee.
The first question to ask as you evaluate this person…..are they a high or a low performer? You may react differently given their performance levels. High ... Views: 1595
The Foremost of the Values
Winston Churchill once said, "Courage is rightly considered the foremost of the virtues, for upon it all others depend." The systematic development of the deep down quality of unflinching courage is one of the fundamental requirements for leadership in any field. Fear, ... Views: 1329
I spoke with a client this evening who was feeling tired and under pressure. It soon became clear that the problem was being caused by one or two members of staff who she said were “dragging me down.”
After further investigation, it appeared that at the heart of the matter both people were ... Views: 2168
Ask a recently returned incentive travel winner to describe his or her trip to you, and it usually starts with a plane ride to an exotic, warm-weather destination … a greeting by smiling, uniformed trip directors … a welcoming drink … a deluxe double room.
It continues with cocktail parties and ... Views: 654
This time of year, I like to look back and measure accomplishments for the year, celebrate my successes and plan what I hope to accomplish in the coming year. Sometimes it may seem like you have accomplished a number of things only to realize that you have not really made any progress. Success ... Views: 949
It is a well known fact that the offshore outsourcing (or any type of outsourcing for that matter) carries known and unknown risks. The important thing is to find out if your offshore outsourcing provider is aware of these risks and has a plan to either mitigate it or eliminate it altogether. In ... Views: 708
Toby was a young and ambitious salesperson. Part of his training had been to spend time with Janice, a veteran and very successful salesperson at the firm. As Toby went on sales calls with Janice he took notes, and one of the things he marveled at was Janice’s ability to ask great questions. In ... Views: 943
If you are in a leadership position today, here are ten ideas to help you successfully lead the newest generation of workers—Millennials or Gen X. They are different and here is why.
1. Provide a Structured Environment: Gen X workers may well be the most protected generation of children ever ... Views: 1173
It’s an event employees don’t look forward to experiencing and many supervisors cringe having to do. What is this common feared experience? It’s a performance review. There really is no reason for either party to feel bad about doing a performance review. If certain guidelines are followed, ... Views: 1551
UNLOADING THE MANAGEMENT OVERLOAD PROBLEM
By
Bill Cottringer
“I have a theory about the human mind. A brain is a lot like a computer. It will only take so many facts, and then it will go on overload and blow up.” ~Erma Bombeck.
Is it just my imagination or do other managers feel ... Views: 1118
In the world of Internet Marketing the possibilities are endless. Many make lots of money online while others do not. Its easy to say that there are some who have it and some who don't, but that isn't the case at all. In fact, there is just a few small things that separate the winners from ... Views: 608
If there are seasons to our thinking, then December and January are the season when our thoughts shift to our values and possibly the reawakening and renewal of value based behavior in the coming year.
As I look at our world and particularly this passing year, there are many good things to be ... Views: 946
Humor is often the best motivator.
What do you do when you're having one of those days from management hell: when everything goes wrong, when you fumble or stumble, when everything you do or you say is just the wrong thing to do or to say; When everything you do or say proves conclusively to ... Views: 893
GET READY TO RUMBLE
by
William Cottringer
There are plenty of dismal headlines in the business and public service news today. “Financial Meltdown,” “Profitability Plague” “Cooked Books,” and “Ethics Erosion” are common phrases today. Are these things just part of a bigger problem?
... Views: 938
1. Never Feeling Good Enough - Are you constantly evaluating everything you do and generally finding fault. Do you have an internal voice which critiques you on everything, seeing only the negatives, not the positives? This voice is often described as a "gremlin." When you are feeling not good ... Views: 899
Many small business owners struggle with making their staff accountable. They know what they expect their people to do. And, as long as everyone’s performing effectively, all is well. The trouble occurs when someone falls short of the owner’s expectations.
The struggle is rooted in fear – fear ... Views: 943
Performance review time – potentially one of the least desired events of the work year. Your experiences could range from receiving seemingly arbitrary comments, vacuous praise, a sense that your manager hates this more than you do, to comments on a job well done and even the (occasional) ... Views: 5020
Viral marketing products are powerful affiliate marketing tools that encourage affiliates to voluntarily pass them along to other people. These so-called super affiliate marketing tools often come in the form of software, ebooks, videos, or emails.
If you want to apply viral marketing to ... Views: 697
Do you need to write an employee review? Its one of the most dreaded and important valuable resources in a manager’s toolbox, yet many managers don’t know how to give a performance review of an employee.
Here are 10 dos and don'ts to help you create a positive and productive ... Views: 2887
Are you thinking about moving into management with your company? Before you ask your boss for the promotion, it’s a good idea to spend some time thinking about whether or not you are management material. The fact that you are an outstanding employee does not mean that you will like being a ... Views: 1069
THE FOUR STAGES OF ORGANIZATIONAL DEVELOPMENT
by
William Cottringer
The human potential movement of the early seventies employed a helpful frame of reference to understand the process of interpersonal group development. This model involves four distinct stages of development: ... Views: 19088