The bigger companies get, the more slow-moving they become. Decisions are always slower and somehow become more complicated. Even apparently sexy companies like Google, I discovered, start to suffer from the same ailment.
And it will inevitably happen to your company too, unless you are very careful. Read More
I donâ€™t know if youâ€™ve noticed but as you get more senior, people in the office seem to argue with you less. And by the time you become a really big cheese, just about everyone seems to agree with you. (I noticed when I first started being promoted that I got better and better at telling jokes ….. well employees certainly laughed more, the more senior I became). Read More
If you have a good idea itâ€™s very easy to boast about it. And if you are always having good ideas then you will be doing a lot of boasting. Although understandable, this is not a good idea at the best of times and if youâ€™re a boss, itâ€™s a very bad idea. Read More
One of the main things that prevents small companies becoming mediumâ€“sized is the ability of the founders to delegate properly.
Itâ€™s all very well inviting in another partner with their own business base but that usually doesnâ€™t give you any serious economies of scale.
Historically, PR companies were most guilty of that. Very smart, extremely well-connected PR man sets up in business. Starts to win clients and works with a couple of PAs; wins more clients and hires junior execs. Meantime, our star is spending all his time in client meetings; bloated up with endless lunches and dinners and despite that, has a stream of clients screaming â€śWhere is he?!â€ť And now he starts to lose as many clients as he wins and heâ€™s on a slippery slope. What is his way out of this dangerous and stressful scenario?
I donâ€™t apologise for being simplistic: sometimes things are simple â€“ even in business.
The two words are â€śWhat if?â€ť
If you train yourself to ask in advance of every possible situation â€śWhat if?â€ť and then â€śHow would I handle it?â€ť you will be brilliantly prepared for every contingency. Read More
When the economy is expanding or declining by 0.3% or 0.6% or whatever, you have to make your own luck… BUT also watch the psyche of the nation.
I go to the United States every other month and I could smell returning confidence there from last autumn. Thereâ€™s still a little bit of pioneering frontier man talk there: â€śWell, weâ€™ll just have to roll up our sleeves and get on with itâ€ť â€“ and this was in New York.
This new blog is concerned with advising and commenting on growing businesses. I know nothing that is particularly valuable about big corporations and I am particularly bad at running stable, mature businesses: I get bored too quickly. But I do know quite a bit about building small businesses and keeping them growing into sizeable medium-sized businesses. This experience includes a lot of mistakes, as well as successes.
So, if you want to know how to run a cash cow, donâ€™t read any further. But if you want to worship at the altar of The Great God Growth, then I hope this is worth a read. Read More