Does a business owner need to understand business to manage and grow that business? I mean more than just their business, but business principles and foundations in general. Can you make a successful business and not really know business? I ask students this question every semester. Students are trained to answer “Of course not – education is critical to success” and “how can we build/run a business through ignorance” and such. How can anyone succeed …
20/20. It is a concept usually associated with vision. While it is not technically perfect vision, it is associated with clarity in vision. 20/20 hindsight does refer to perfect clarity and vision of the past based on knowledge of outcomes. Everything is clear in hindsight (supposedly – interpretation of facts often differ – greatly). Monday morning quarterbacks (link out for this) are always right. In research, there is a concept of HARKing, or hypothesizing after …
It is the start of the new school year. New hopes and new opportunities to learn. But what are we expected to learn – and what should we learn from university studies? This is a question I have been pondering for a while now. My struggle centers around the concept of “higher learning”. What is higher learning? What separates higher learning from other forms of learning? After all, business owners will tell you that they …
It’s Thanksgiving Day and I’m at an airport. I’ve been up since 2:45a local time. I am traveling for work. But I am not complaining because I love doing what I do. I love the impact that I’m making through business. And I have wanderlust, so I love any chance I have to get in a car or on a plane. For many years, my brother and sisters have compared me to Nicholas Cage’s character …
What Have I Been Doing? It’s interesting how many people are introspective at the end of each year. It’s also interesting how so many people develop corresponding “resolutions” because of that introspection. According to the Washington Post, 40% of Americans make New Year’s resolutions. That, to me, is a positive. (There is ample evidence that shows that less than 3% of Americans actually write down their goals.) However, according to an old Forbes article, “Just …
It has been awhile since I have posted a blog on Impact Capitalist. I’ve been focused on building 3 different companies and the content that goes along with building each of those companies. You can read about the companies I’m building and the content development with each below: Impact Physician – Here is the Impact Physician Blog. Here is the Impact Physician Podcast. Here is the list of Impact Physician eBooks I’ve been working on. RHM – Here is the eBook …
“The Death of Email” is something that’s been foretold for over 10 years now. And whether you love it or hate it, email is not going anywhere. Not any time soon, however. There are other tools that have come along and tried to supplant email, but at this point, these programs are merely supplemental tools. Albeit, very good tools. We use email for external communications. For internal communications and collaboration, there are 2 main tools …
No Matter How Difficult, We Must Trust the Process Instead of trying to see the end, embrace the current struggle, create a process and follow it. Starting a new business can be very easy. Developing and growing a business is very hard. Especially if you don’t have a process to follow. “Trust the Process” is a phrase that great coaches tell their players, fans, and the media. But what does this mean? It means having …
Build the Process before you can Trust the Process Read More »
“Those who cannot remember the past are condemned to repeat it.” – George Santayana Welcome to 2018! I don’t know about you, but I am very excited to put 2017 in the past and move on to making an impact on 2018 and beyond. About 18 months ago, I went to a conference at the Acton Institute in Grand Rapids, Michigan. The keynote speaker, originally from Senegal, spoke about how she was trying to preserve …
Impact Capitalists are proponents of investing in businesses or having others invest in their business(es). The benefits of having investors-owners are many. Here are a few: investors-owners can influence company policy Since investor-owners receive accounts and statements, they can put forward motions that add value oversee the practice of the business deal with unethical practices or products Provide insight and/or guidance based on experience or a different perspective Having investor-owner impact capitalists as owners of your company allows for a strong level of accountability that …
If I Bring on an Investor, am I a “Slave to a Lender?” Read More »