CFO Magazine reports a glimmer of hope that we may be seeing the beginning of the end of the layoff craze since only one U.S. company announced a four-figure layoff count last week.
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Leading in a Crisis
WSJ recently carried an article, Seven Lessons for Leading in a Crisis. Here's my short version, which is consistent with the advice I'm sharing with clients every day and sharing during public speaking events. Get real! Get rid of the...
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Finally, the Fed’s Small Business Program
Many of us wonder if the Administration's new Small Business program will work, or be too little too late? It's a wonder that it's taken so long to focus on the source of the largest job creation engine we have,...
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Is Warren Buffet crazy?
This is the title of a recent blog entry from James Surowiecki's blog on The New Yorker. He poses an interesting notion that banks will be doing better than ever with rates so low - Wells Fargo average interest cost...
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Get the best talent you can!!!
The NY Times carried a poignant article today about Talent: The Secrets of the Talent Scouts. Here are 2 key messages that bear repeating: 1. Get as much advice as possible about new hires. The McArthur Foundation known...
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Straight Talk. All the Time . . . for Entrepreneurs
We're proud of the "Straight Talk. All the Time" mantra on this site. Jason Calacanis of Maholo.com and founder of Silicon Alley Reporter stays close to that line in his recent newsletter that BW republished. It describes his brutal experiences...
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Vol. 37: “Shell the Beach”
The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco - from the Golden Gate bridge north, including the Wine Country of Sonoma and...
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Do you really want to be an entrepreneur?
Several years ago I sat on a panel at an Entrepreneurial Boot Camp to evaluate the business plans of fledgling entrepreneurs. While there were several gifted business owners in the group, most of the presenters were passionate about their ideas...
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Warren? Can you sit on my Board?
Warren Buffet's Chairman's letter in the annual report of Berkshire Hathaway is always a good read and offers a glimpse into the mind of America's investment éminence grise. It has been extracted from the 100pp page BH 2008 Annual Report.
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Show me – don’t tell me
"You Oughta Plea in Pictures" is a solid reminder that pictures tell the story. It emphasizes the value of pictures and diagrams when illustrating important financial points rather than a plethora of spreadsheets that obscure the fundamental issues. There are...
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How to manage layoffs
CFO Magazine recently published an article about "How to Talk about Layoffs". It includes some valuable anecdotes about layoff processes that don't work. Here are several key themes that bear repeating: No amount of employee communication is too much. Most...
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Vol. 36: How to deal with your bank
The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco - from the Golden Gate bridge north, including the Wine Country of Sonoma and...
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Save money – save jobs!
I reported recently on the trend toward cutting costs without cutting jobs. BW expands upon that concept focusing on mandatory vacation and voluntary leave. I have recommended that to several clients to consider offering unpaid leave to employees. I think...
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Get home right now!
BW reported this week on the accelerating trend toward home offices. Even such office-centric firms as BDO Seidman are finding ways to save money by encouraging home offices - and outfitting at company expense. Capital One - health care companies...
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Leadership Challenges
As usual, Jack and Suzy Welch are on target with their latest BW column, critizing the new Administration for various leadership "shortcomings". The valuable insight for business leaders is that "you gain nothing by showing uncertainty and indecision". In short,...
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More cost-cutting tools
<A recent WSJ story about cost-cutting focuses on measures taken to reduce the costs for current employees to forestall personnel cuts that business leaders fear will hurt their ultimate competitiveness. There are some interesting twists on several ideas. Agilent Technologies...
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“Paycheck” Marketing
The Wall Street Journal published a recent article describing new "paycheck marketing" techniques in various consumer goods companies like Pepsico, Heinz, and Kimberly-Clark. In short, it targets promotional activities to periods when consumers are more likely to spend - closer...
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Open Book Management
<The WSJ offers an inside look at how open book management and financial transparency have been used as valuable tools to help companies cope with the economic downturn. It may be more challenging to start this now, but the rewards...
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John Maynard Keynes – Redux
“This is a nightmare, which will pass away with the morning. For the resources of nature and man’s devices are just as fertile and productive as they ever were. The rate of our progress toward solving the material problems of...
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I’m going to Pump – You Up!
Finding Your Inner Courage is another Welchway gem from Business Week. This time, Jack and Suzy Welch focus on us - how do leaders motivate themselves? When times are bleak and business challenges sap much of our energy, how can...
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Elbert Hubbard may have said it best . . .
"The love we give away is the only love we keep."
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Don’t get bonked by your banker!
The NY Times recently published an interview with Bob Seiwert, a senior vice president for the Center for Commercial Lending and Business Banking at the American Bankers Association, a trade group in Washington. Transparency. Full Disclosure. Risk Management. These are...
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Ken Lewis, BofA CEO, speaks to Congress
You should read the transcript From Ken Lewis testimony before the Financial Services Committee of the US House of Representatives. It is a reasoned discussion of Bank of America's performance and highlights several key points that we rarely read about:...
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Everything I know I learned at McDonalds?
This is a title of a new book previewed by Business Week. It's reportedly as simple to understand as McDonald's menu and recounts some familiar adages. In particular, though, it emphasizes the value of employee recognition. This is an invaluable...
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I am absolutely awed by this talent!!!
I digress . . . but I've always wanted to draw although I haven't scribbled much past a kindergarten lesson book. When I see this kind of talent, I see a true gift. Take a few minutes to watch this...
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Jim Collins: How turbulence affects performance
Fortune magazine recently interviewed Jim Collins, whose popular book, Good to Great, took the business community by storm a few years ago. He talks about the current turbulence and some of the variables uncovered in his research about companies that...
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Bonus Banks – finally a longer term incentive
Business Week recently summarized a concept called a "bonus bank". In short, it is an incentive plan in which a significant portion of annual bonuses, perhaps 1/3, is set aside to be paid out over time, 3 years in the...
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