In a wonderful conversation this week with a 5-10 year startup now producing over $40 million in annual revenue, spitting off lots of profit, I was pleased to hear the co-founder admit he struggled with a common problem I see happening right now in professional practices throughout the world–the problem of capital deployment. It’s hard to imagine the fact that 20% of the U.S. dollars in circulation right now were printed in the last 12 months. Monetary supply is through the roof. Consumers are out spending again. I observed a sold out crowd at Wrigley Field a few weeks ago,…
Posts Categorized:Management
Danny Meyer, the famous founder of Union Square Hospitality and Shake Shack, calls mistakes the greatest renewable resource on earth. As humans, we make mistakes all day long. I made at least 20 mistakes just trying to write this article. Like waves in the ocean, there are always more mistakes coming. The real question, Meyer says, is what will we do with them? “Assuming they’re honest mistakes and don’t lack integrity, how do we end up in a better spot for having made a mistake and addressed it really well than if you had never made the mistake in the first place?”…
When you take the time to define your core values and live by them, decision-making becomes extremely easy. You don’t have to push your team forward. The mission, vision and values pull them in the right direction.When you take the time to define your core values and live by them, decision-making becomes extremely easy. You don’t have to push your team forward. The mission, vision and values pull them in the right direction.When you take the time to define your core values and live by them, decision-making becomes extremely easy. You don’t have to push your team forward. The mission,…
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