Management & Leadership

Great series ...

Susan, I'm really enjoying these posts. very helpful insights.

Not sure of your question ...

Hi Michel John,

Just saw your comment and wanted to answer your question but I'm unclear as to what you are asking.

I'll check back and see.

If you're asking what was the business strategy from my May 12th post, there wasn't any... focus of post was on investing mistakes and lessons I drew from them from prior year.

I believe strongly that every business owner needs to ultimately cultivate the skill of how to be a savvy investor.

Three reasons:
1) If you ever sell your business, knowing how to invest your windfall is essential (I've sold companies and had some real challenges switching gears... hence why I also focus on business owners as investors.)

2) Every business owner needs to learn to build wealth independent of their main business--not just because of point one above, but what if there comes a day that a business fails, I want you to have real independence fiancially because you've invested intelligently and built wealth independent of your business along the way. (That said your #1 investment will be your own business, just make sure it's not your ONE and ONLY investment!)

3) If you want to go big with your business and need investor capital, you being a smart investor will help you understand better how to work with investors to attract capital and interact with your investors.

DRY-ALL for cell phones ...

I got my cell phone wet. I used dry-all for cell phones. this stuff works great and it is reusable. my phone works better than ever. Available at DRY-ALL.com
Rice is great to eat but leave the drying to professional products.

The "new economy' bully ...

A new type of bullying has recently become prevalent - the manager who chooses not to manage and address situations on an ongoing basis - but rather uses the increased occurences of layoffs to be his / her management tool to quietly address what once had been addressable performance situations. That bully in essence hides from the day to day, does not manage or interact with team members, but chooses to use the layoff tag to deal with situations they should have been managing through. How often recently has a laid off individual been a 'complete surprise' to both and individual as well as to his / her team? The behavior goes further still when dealing with older (bad term) or more highly paid individuals.......managers don't dare to address or manage those individuals for fear of claims and at the same time do not address performance on a day to day basis....rather, by surpise attack. Companies should be very proud of their managers that use their newly created management tool repeatedly - the layoff. We all know a few of these managers, don't we?

Thanks, Sara!

Appreciate the tip.