Leadership Thought #442 – A Few Basic Truths About Business

Here are a few basic truths to help ensure your success: It all starts with simple math.  The formula is pretty straightforward: Revenue – Expenses = Profit.  You need to sell enough of something and price it properly so that it exceeds your costs of doing business.  Knowingly taking work at a loss is a […]

Leadership Thought #300 – Never Get To the Point Where You Think You Know It All

I often meet business owners/leaders who think they have it all figured out. Whenever this happens a red flag goes up for me right away. The best leaders I know are in a constant learning mode. They are very aware of what they don’t know and need to learn. They soak up information like a sponge and are energized by new thoughts and ideas. Leaders who are unwilling to admit their own shortcomings or lack of knowledge are eventually confronted with the very reality they are ignoring. It may take time, but it always happens. It’s even worse if they are completely unaware of where they fall short and end up getting blindsided. In leadership positions, ignorance is not bliss.