A LEVERAGEDWISDOM Member, founder and managing partner of a prominent accounting firm, once described his workforce as divided among Finders, Minders and Grinders. In the context of a professional services firm one can quickly imagine what these roles entail:
Archive for category: News
We all know the rule of holes…if you’re in one, stop digging!
Most entrepreneurs are smart and if nothing else, resilient. Their tolerance for pain and risk would impress a US Navy Seal.
Twelve CEOs were staring at six bottles of nail polish I had placed on the conference room table. (Two women and ten men were participating in their monthly LEVERAGEDWISDOM peer learning meeting. I asked the women to hold their answers.) Raising one small clear glass bottle filled with nail polish, I asked, “What color is […]
As an entrepreneurial CEO, owner, how do you benchmark your performance and that of your company as you go through the stages of growth and meet your “lifestyle” aspirations? If you’re like some CEOs I know, you may find yourself in an “entrepreneurial comfort zone,” where you lead and manage the business to the point […]
A CEO’s perspective and vision are often defined by their routines. So, it is useful for them to break their routines in order to gain new perspectives. Example: Stand on your desk!!!
Being CEO/Owner means you have to make decisions in a timely and effective manner. Yes or No…Heads or Tails…Left or Right. At LEVERAGEDWISDOM, we’re all for a well-researched thoughtful measured decision making process that’s inclusive of others. After all we are a CEO/Owner peer learning organization; but, at the end of the day…somebody has to […]
At LEVERAGEDWISDOM we work on our Member CEO’s choke points often leading to unusual action steps. In military strategy, choke points are geographical features; such as bridge, valley, or strait which an army or navy is forced to pass through. The choke point increases vulnerability, decreases combat power and compromises the ability of a unit […]
“We tackle the tough questions that keep owners of privately held businesses up at night.” Richard Lavin The stark reality is that there is life cycle to everything. At some point even the greatest waterway has to be widened (the Panama Canal). A company built on rock-solid chemistry is blindsided by digital process (Kodak). A […]
The Discipline of Market Leaders became a much revered business book in the mid-90s. At LEVERAGEDWISDOM the book generated vigorous discussion and ultimately disagreement with the authors. Michael Treacy and Fred Wiersema claimed that market leadership derived from choosing one of three disciplines; operational excellence, product leadership or customer intimacy. To attempt to master all […]
Among the members of LEVERAGEDWISDOM is a new generation of entrepreneurs, including the sons and daughters of former members. I call them “Educated – Inventive – Driven.” This new generation “gets” what LEVERAGEDWISDOM is all about and is predisposed to collaborative thinking and peer process. What took their parents years to acknowledge, “That no one […]
I met Doug Tomkins when we were both in our 30’s. He was building successful business including North Face and Esprit. He was selling several hundred million dollars of merchandise. I had built five women’s boutiques, struggling to manage my success and fearful of growing further beyond my skills. Eager to learn and curious as […]
“No one of us is as smart as all of us” or The Wisdom of Crowds. A LEVERAGEDWISDOM Member recently summed up his meeting day experience by declaring, that it seemed “No one of us is as smart as all of us.” He had presented to the assembled CEOs a troubling issue about a long […]
If you survived the economic tsunami of the last 36 months, you know that not everyone lost their house, but everyone got wet, and some came out soaked to the bone. John Keynes, the influential British economist, once said “the market can stayirrational longer than you can stay solvent.”
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In “The Black Swan: The Impact of the Highly Improbable,” author Nassim Nicholas Taleb contends that our belief in the predictability of events, based on what’s happened in the past, is so ingrained that we either overlook or can’t conceive of the fact that genuinely important events can’t always be predicted. If, for example, as […]