Building a business that lasts is the exception rather than the rule. Fifty percent of start-ups fail within the first five years. That number drops the longer you stay open, but even then, building a sustainable business requires a unique combination of skill and luck. Fortune 500 companies last, on [...]
A former high school classmate recently greeted me with this comment, “You look exactly the same. You haven’t changed a bit.” My initial reaction was gratitude for the kind words and a moment of pride that I had apparently held up exceptionally well over the decades since our last encounter. [...]
Your business didn’t start out with the intent to become lethargic and ultimately irrelevant. It began with an idea that would provide a product or service that is faster, better, cheaper, or friendlier than your competitors. Sometimes that idea was an enhancement of what currently existed in the marketplace. Other [...]
Didn't make it to the Summit? Find out a few of the ideas you missed. Were you there? Here a a few key ideas to remember.
Depending on your preferred quote, the truth will make you miserable, make you mad, and set you free … but not until it is finished with you. I take no comfort in contradicting James Garfield, Aldous Huxley, David Foster Wallace, and especially Jesus. The truth, however, cannot exercise its enormous [...]
Take a moment to answer this question: How do you build and sustain a culture of commitment, accountability, engagement, and results? Did your list contain hiring for fit, coaching and developing people, providing an engaging environment, providing feedback, open communication, creating a sense of community, and offering competitive pay and [...]
Your business will probably not last forever. Fifty percent of start-up businesses fail within the first five years. The average lifespan of a Fortune 500 company is only 40 to 50 years. S&P 500 companies stuck around for an average of 67 years in the 1920’s. Today they last an [...]
Want to know about the struggles facing organizations today? The Five Friends share their what they are seeing in the marketplace.
Rapid, radical technology advances have always disrupted the status quo and created a generation of marketplace winners and losers. In 1860, there were probably Pony Express riders who sat around after a long day’s ride and joked that the transcontinental telegraph wouldn’t become commercially viable even though everyone recognized its [...]
What companies are getting it wrong today? More important, what can you learn from them? The Five Friends share their ideas.