Hope

August 26, 2011

I visited clients on the east coast over the past 10 days and I saw some very amazing things.

There are businesses doing incredible things with solar energy. I saw very well-run businesses making a difference and a profit. Easy? No. Possible? Yes. I’m very proud of the businesses I met with. Very proud. I wish I could write about the specifics.

I visited the Boeing plant in North Charleston, South Carolina. I actually saw a Dreamliner being built. That was one of the most beautiful things I’ve ever seen. And then I spent a day on the roof of the Boeing plant reviewing the solar installation. There are over 10 acres of thin film solar capable of producing 2.5+ MEGA watts. Incredible. (Pictures not allowed unfortunately)

What separates the companies that are thriving from those that shriveling? 

The thriving companies are well-managed. They encourage their talent. They look out for their talent. They communicate with their talent.

Your company could be doing better.

I’ve been lucky enough to participate in helping many companies become better companies.

For the small company:
Don’t slack off. I have helped companies set up their own low cost marketing. After a short time, they get lazy. They stop posting to their blogs. They stop commenting on other blogs. They go in to the office late, sometimes not at all. “Why go in? It’s dead.” You go in because activity produces activity. Don’t waste another minute.

For the bigger than 5 people company (ALL):
Start a pipeline for ideas
Put employee recognition at the top of all agendas
Communicate direction (Not the same as giving orders)
Encourage and reward education (Smarter people produce more)
If something isn’t working, stop doing it  (I see a lot of companies fail because failure to quit)
Develop management from within (You can grow faster and more smoothly with greater loyalty)

I know your company could be doing better.

Chris Reich
TeachU.com

Chris Reich

Related Posts

How to Draft Resolutions to Strengthen Your Partnership

How to Draft Resolutions to Strengthen Your Partnership

I recommend that partners talk through a specific issue and then draft an agreement (called a resolution) that sets a policy. You can keep this in a binder to serve as amendments (or foundation) to your Partnership Agreement. In this post I’ll explain how to talk about things that bug you with your partner and how to draft a binding resolution to fix the problems.

The Most Important Step When Starting a Business Partnership

The Most Important Step When Starting a Business Partnership

The 2 reasons creating a Partnership Agreement should be your first step when forming a business partnership. First, the protection a Partnership Agreement affords makes skipping this step rather dumb. Second, the process of working out the terms of your Partnership Agreement will reveal potential problems and help you work them out before they happen in the real world.

Comments

0 Comments