Do Monetary Rewards Create Psychopaths?
Today’s business activities are increasingly more team-based and more reliant on people working together toward a goal – one person’s output is dependent on another’s and so on. No man/woman is an island any more. Therefore, it is more important than ever that our employees have the skills and temperament to work together effectively.[read more]
It's Your Job To Improve Your Team
It’s not your job to defend your team. It’s your job to improve your team. Upon reflection, all of the great CEOs and executives that I’ve ever worked with believe this and behave this way.[read more]
Self-Employment Shifting to the Creative Class
Well known author and academic Richard Florida has written extensively about the rise of the creative class. According to his work, the creative class - a grouping of knowledge-based professions - has rapidly increased its share of total employment over the last 2 decades and now comprises about one third of all U.S. jobs.[read more]
Five Ways to Innovate (By Seeing the World Just A Little Differently)
If innovation seems like some mystifying, unfathomable task, these “Playing With Your Brain” exercises can take much of the mystery out of the process.[read more]
How to Use Persuasion Techniques in Sales
The art of persuasion is actually a science and anybody can be successful in convincing others to do something as long as they use the right techniques.When someone does something or gives something to that person, then it is natural that the person feels obliged to return the favour. In business, it is the same.[read more]
Self-Employment Increases with Age
Self-employment increases with age, peaking with over a quarter of workforce participants 65 and older being self-employed. This works out to about 1.9 million 65+ self-employed workforce participants.[read more]
Miscommunication
The challenge of communication isn't to never miscommunicate, it's to cut down the time between the interaction and the realization that the communication didn't get through. Because the sooner we know we're not connecting, the sooner we can fix it.[read more]
Making Your Company Beautiful
We’ve all heard about putting lipstick on a pig – trying to make something pretty by just adding some surface enhancements. Too often employee programs fall into this category. Companies read about zappos (everybody drink!) or the new engagement wunderkind – google, and their “fact-based approach” to engagement – and say “Bring me one of those.”[read more]
The Top Challenges of Small Businesses
Even though small businesses collectively generate $5 trillion in sales in the U.S., the biggest challenge of an individual small business is survival. 80% of all new business start-ups are out of business within five years. And if that doesn’t get your attention, 80% of the 20% that survive the first five years don’t survive the second five![read more]
Just How Optimistic Should Small Business Owners Be?
Given the fact that small business employs over half of the private sector and contributes to half of the private GDP, a pessimistic small business community is not good for our economy. However, another survey claims that not everyone is pessimistic.[read more]
Your Manifesto for Success
Harvest ideas. Edit applications. Ideas need a dynamic, fluid, generous environment to sustain life. Applications, on the other hand, benefit from critical rigor. Produce a high ratio of ideas to applications.[read more]
Who Would You Choose to Be Your Customers?
Much has been said in marketing circles about target markets, demographics, psychographics and other ways to define who and what makes an ideal customer. The notion mostly implies that you determine the makeup of a market that your business seems suited to attract. The thing that’s always bothered me about this simple approach is that it sort of has a lowest common denominator element to it – who can we attract?[read more]
10 Reasons Why Your Company Needs Better Lead Nurturing
Let’s face it, sales is not an easy profession. If it was, there would be more people doing it and those that do it would be getting paid far less. However, there are ways that you can make sales easier. One of the best ways is through lead nurturing.[read more]
Fed Meeting Statement Points To Continuing Low Interest Rates
The Fed will continue monitoring inflation, but does not expect inflation to rise more than 0.50 percent above its target rate of 2.00 percent over the next one to two years.[read more]
How to Choose the Right Business Model for Your Startup
Lots of people talk about business models these days, but what does it really mean? When it comes to starting or planning for business success your model is essentially your decision about how you intend to add value – which is another way of saying – how you intend to make money.[read more]
Maybe the Luddites Had It Right
Earlier this year, AP reported “Some occupations are beneficiaries of the march of technology, such as software engineers and app designers for smartphones and tablet computers. Overall, though, technology is eliminating far more jobs than it is creating.”[read more]
Why We Should be Grateful for Difficult Customers
Image credit: Complaint Department – Please Take a Number by Niven
Even the most zealous advocate of superior customer service will surely agree there is a limit to how far we should be expected to go with the old “customer is always right” principle. Because, objectively speaking, sometimes customers can be quite unreasonably demanding, or just plain rude. But it’s not good business to allow our initial or even abiding sense of annoyance or indignation to waste what is paradoxically a gift to our business by passing up the learning opportunity.[read more]
My Interview with Venture Capitalist Vic Gatto [VIDEO]
Jeff Cornwall interviews venture capitalist Vic Gatto. Gatto co-founded InfoTech, a software company in Boston, which grew from three to over 250 employees when sold in 1999.[read more]
Better Benefits Won't Create Employee Engagement
A lot of discussion on engagement has focused on providing new and quirky benefits – foosball tables, unlimited vacation, and gourmet food in the cafeteria. Those are all great things. But in my mind, they are the “benefits” of working at a particular company.[read more]
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Jim Estill is a partner on Canrock Ventures and sits on the board of RIM (Blackberry). More »
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“I applaud all efforts to create better teams. People do need to keep in mind that for team building activities to be really truly beneficial they need to ensure they fully engage participants. Professional companies put a lot time and effort into the development of activities. If groups do decide on the DIY option it often doesn't have the compexity required to truly harness the ...”
“Kenny- I believe their definition was around achieving what the strategy stated it would achieve or result in. And yes, our big plans often look wonderful in that binder we put on the shelf and very rarely result in the type of overwhelming success we anticipate!”