It takes money to make money, so the saying goes. Even for businesses that get started with little or no direct contribution of cash, there is always an investment of time, expertise, and other resources that can be traced back to money. But what about the self-made millionaire who pulled herself up by her bootstraps? Great! Where did she get the money to buy her first pair of boots with just the right straps for pulling? Were they given to her? By whom and how much did they pay for them? For those looking to start a new business, or leaders of existing businesses looking to do something new, it is a useful reminder that investments of time and resources are always required. But what if the idea of needing money to make money actually obscures a more important point? What if there is actually a condition that must be satisfied, or decision that must be made, before resources are invested?
The 3 Things That Are Guaranteed to Drive Your Culture
Culture is what you communicate, celebrate, and compensate. Culture is not your cleverly word-smithed statement or aspirational values or wall art or a well paying corporate job for your local screen printer. It is not some credo crafted at an offsite convention. Culture is much less glamorous and much more relevant than that.
Executive Coaching, Development, and ROI: What’s Your Return On Induing?
Return on investment is perhaps the most foundational key performance indicator (KPI) in use today. The deceptively simple formula, (Earnings - Cost) ÷ Cost, defines a flexible indicator that leaders regularly use to assess multiple aspects of their business such as overall profitability, marketing effectiveness, pricing suitability, and profit on inventory. It is also frequently used with scenario analysis to choose between multiple options and understand whether it makes financial sense to make investments in new properties, plants, or equipment.
How to Work with Executive Recruiters
Hiring great leaders is so important in today’s competitive business landscape. Senior leaders can have an immediate and lasting impact on your organization, employees, stakeholders, community, and the Kingdom for generations. The wrong leader can hamper growth, damage your organization’s reputation, and set you back for years.
How’s Your Vertical Tug?
How is the “vertical tug” on your life? Are you doing everything in your company and leadership under your own wisdom, wit and power? Can everything on your “to do” list be done without inquiring of God? If so, you could be in danger of experiencing the “Gibeonite ruse”. Convene Board of Directors member Os Hillman reminds us that we must inquire of God before we act in our own strength.