Business Tips by Chris Reich
Tips from growing a business to dealing with disputesGM in the 70’s
I am taking a very interesting class from Michael Roberto. This came up recently and I thought it worth posting here. The take-away is to look closely at our thinking today to be as certain as possible that it is valid for, at least, tomorrow morning. Chris Reich"USC...
How To Make a Business Decision
You must make a business decision?Start by deciding HOW the decision will be made rather than WHAT decision you should make.Define the decision making process first, then go to work on the decision. This will save you many, many missteps in business.Chris Reich,...
This Kid Has What It Takes
I wish the whole country has this kids drive and work ethic.Bet you can learn something from Caine. I love his last words..."and I was proud."
Tire Shops and Medical Offices
I had to deal with a tire blowout recently. It was an expensive tire but it was made in China. Don't buy tires made in China.Okay, moving on. My tire failed on the freeway, in the dark, between towns and after all nearby (within 20 miles) tire shops had closed.I also...
Thought Experiments Work to Solve Problems
I follow a well-known physics professor who will, from time to time post a "contest" for people to solve physics problems. The problems are not too difficult but are often counter intuitive. That means the answer goes against our feelings or intuition.It is...
Things Could Be Better But…
There are two kinds of problems. There are problems people want to fix and problems people want to complain about. Understanding this will save a lot of time in your life and at work.I learned a long time ago that sometimes people want to own and whine about a...
Marketing is Every Day
I talk with a lot of firms about marketing. My general philosophy is to be very conservative with the marketing budget.
Radicals Win in the End
Would you consider a radical idea for a minute? The easiest road to increased productivity is to foster fun at work. Not games. Not free food. Allow the work itself to be fun. Few managers are self-confident enough to allow fun at work--- but fun is great productivity...
SOPA, PIPA and Your Brain
This issue seems blown out of proportion. I see numerous sites and friends citing Google or Wikipedia as their guide to the decision to oppose this legislation. Hey, if dear Google is against it, I should be too, right? In my younger days, when a big corporation...
Are You Executive Material?
So, you think you are executive material? Let's see.The best CEOs and managers I know never interrupt meetings with phone calls. I know of no good manager who will bring a cell phone into a meeting.Do you constantly interrupt the person you're talking with by...
Clean House
If it's in your inventory and hasn't sold for a year, mark it down to whatever it will take to get rid of it by the end of January. Your other choice is to give it to a good client who might be able to use your unsold, dead inventory. ANYTHING is better than goods on...
Habit to Form NOW
Important habit for 2012 and beyond: BE ON TIME. I don't care who you are or how important you think you are, BE ON TIME for calls, conferences, meetings, etc. Deliver on promises on time. Turn in proposals or reports or email answers when promised. Being on time is a...
Learn from Mistakes and Don’t Repeat Them
Repeating the same mistake 20 times tells me that person would be better off getting a job rather than trying to run a business.
Inventory Tip
If your business sells a tangible product, here's a strategy to improve your inventory position.This is especially important if your business sells Christmas items. In fact, it's absolutely critical if your business is affected by Christmas.Look at the items you...
You Will Not Read This Anywhere But Here
I was busy writing a rant when I was pleasantly interrupted by a complete stranger---who happened to be of like mind. That was so refreshing I put my rant on hold to say this:It's not too late to get this country back on track. We can do it.The government can't create...
One Easy Step to Improving Your Business
Communication is the key to improving just about any business. My new client work starts with a meeting with management. I want to understand the perceived problems and desired goals. Generally I will be told about some part of the business that is not performing as...
Why Fun at Work Matters
Most managers either dismiss work fun as unimportant or think having fun will detract from professionalism. They are wrong!
Never Forget This
I haven't posted for a while for a number of reasons. The main reason is that I don't write unless I have something to say.This quote has been rolling around in my head and I think it's a good time to remember it...I have seen something else under the sun: The race is...