Showing posts with label Leadership. Show all posts
Showing posts with label Leadership. Show all posts

Friday, June 1, 2012

A Biblical profit-sharing plan

We’ve talked about bonuses here before. The subject came to mind again one morning as I read 1 Samuel 30. You may not normally think about the Bible offering advice about profit-sharing plans, but of course it has advice about practically everything.

If you’re not prepared to go read the whole chapter right now, here’s a quick recap:

Photo by Janine Chance
While David was on the outs with Saul, Ziklag was his base of operations. While he was away, the Amalekites raided Ziklag and carried off everyone and everything in it. David went after them with 600 men. By the time they reached the Besor Valley, 200 were so exhausted they couldn’t continue. So they remained there while David went on with the 400. They fought the Amalekites, recovered what was stolen, and took the herds of the Amalekites as plunder. When they returned to the Besor Valley, the 400 did not want to share the plunder with the 200. But David said, “The share of the man who stayed with the supplies is to be the same as that of him who went down to the battle. All will share alike.”


Remember how flummoxed we all were at the stories of investment bankers and CEOs getting outsized bonuses, even when their companies saw losses for the year? That happened because the bonuses weren’t tied to corporate profits, they were tied to individual performance.

The lesson I see in David’s Besor Valley decision is that generosity across the board is to be preferred. That it’s better to give 100 employees each a $100 bonus than to give one top salesperson a $10,000 bonus.

Does your profit-sharing plan or bonus structure reward all employees, or only those who directly generate revenue? Are bonuses based on corporate performance, individual performance, or a combination?

Saturday, May 19, 2012

The mismatch between what science knows and what business does



The best way to motivate your employees, especially creative types, may be to not motivate them at all. Rather, our goal as leaders should be to help people discover their own intrinsic motivation.

In the TED talk above and in his book Drive, Dan Pink shares the counterintuitive findings of researchers who discovered that when people are paid to accomplish a task, they are actually less efficient than those who do it for free.

Does this mean "stop paying employees?" No. It does mean consider where your employees find motivation. Are you trying to give it to them? Or are they discovering it within themselves? Only the latter really works.

Pink notes that people derive their motivation from three main areas:
  • Autonomy
  • Mastery
  • Purpose
The key, Pink says, is to inspire intrinsic motivation, which is self-directed. "It is devoted to becoming better and better at something that matters. And it connects that quest for excellence to a larger purpose." Our friend Kevin will appreciate that.

Pink says intrinsic motivation "emerges when people have autonomy over the four T’s: their task, their time, their technique, and their team." That is, what they do, when they do it, how they do it, and with whom. The more latitude you can give in these areas, the happier your workers will be.

Ideally our deepest, best motivation will come not from external rewards, but from the highest source.

Whatever you do, work at it with all your heart, as working for the Lord, not for human masters, since you know that you will receive an inheritance from the Lord as a reward. It is the Lord Christ you are serving.—Colossians 3:23-24


Wednesday, April 18, 2012

The On-Purpose Person free book giveaway

Those of you who don’t already own a copy of Kevin W. McCarthy’s book The On-Purpose Person: Mark your calendars, because you’ll be able to get a copy for free April 24-28.

The free edition is a Kindle e-book, and if you don’t own a Kindle device, you can download a free Kindle app for your phone, tablet, Mac or PC.

Free + Free = Good Deal

The On-Purpose Person is a business parable that shows how to take what you already know about yourself and use it to discover your purpose and develop your priorities. Kevin also has print copies available.

Kevin W. McCarthy
In conjunction with the giveaway, Kevin will host a free live webcast:

Power of Your Two-Word Purpose Statement
May 1, 2012, 3-3:30 p.m., EDT

In this interactive online event, Kevin will help you discover your purpose and improve your life. A 20-minute talk will be followed by a Q&A session. Advanced registration is required, so sign up now.

Free + Free + Free = Great Deal!

Sunday, October 9, 2011

A business lesson from Steve Jobs

By Kristen Stieffel

The last lesson Steve Jobs had to teach us wasn’t about technology, or industrial design, or following your heart and intuition. His final lesson was about plain boring old succession planning.

Steve Jobs. Photo by Matthew Yohe
Many businesses fail after the death of their founders simply because not enough thought was given to that big, ugly “what if?” Steve and his colleagues at least had the advantage of not being taken by surprise.

At my company, we were not so lucky.

As hard as it must have been for Tim Cook to write that Oct. 5 memo, how much harder was it for Whit Shaw, now the head of American City Business Journals, to write a similar memo one Monday morning two years ago, informing his employees of the weekend death of founder and chairman Ray Shaw.

His father.

Ray died suddenly, unexpectedly, almost stupidly — of complications from a bee sting.

We all felt great sadness at Ray’s loss, even though most of us had never met him. And uncertainty about the future goes without saying. But there was no fear, despite the abruptness of the change, because we trusted in the succession plan. We trusted Whit and the other leaders to be wise. And they have been.

Apple shareholders must now trust that Tim Cook and Jonathan Ive and the company's other leaders will be wise.

As a business leader, do you know whether, if anything were to happen to you, the leaders you leave behind would lead wisely?

It is vital for any businessperson with more than a few employees to have a succession plan. If you’re a one-person operation -- a freelancer or consultant -- then you are the business. But if the business can and should survive you, plan for that. It won’t happen by accident.

Steve’s succession plan was in place because he’d been dealing with cancers since 2004. But even though Ray’s death was an unpredictable fluke, the company leadership was nevertheless able to move forward because a plan was already in place.

Trust in the Lord and lean not on your own understanding, yes. But also use the brains He gave you. To be good stewards of our businesses, we must consider those big, ugly “what ifs.”

Because someday, whether through retirement or illness or death, you will no longer be there to lead your company. You, or someone else, will write a memo to inform your employees.

What will happen after that?

Thursday, September 1, 2011

Tips for Launching a Startup

By Cynthia Kocialski

gunnar3000—Fotolia.com
I love startups and all the wonderful gadgets they make. The problem is, most of these wonderful things never make it because the entrepreneur is in love with the technology and lacks an understanding of the business. It’s one thing to develop a product that does something cool, but entrepreneurs need to ask whether it actually solves a problem. Ultimately, the business determines the ultimate success or failure of the product.

Here are some tips for anyone considering launching or financing a startup:

It’s Not About the Product

The product may be the heart of the company, but the product no more makes a company than a heart makes a human being. There are many components to a company that all have to work together harmoniously to succeed.

Have the Courage to Discover

The early-stage startup process is one of discovery, not step-by-step execution. Many first-time entrepreneurs believe you come up with a great product idea, then a detailed business plan, and finally hire people to execute the plan. Discovery is the starting point from which the product and business will evolve, iterate, and be refined as the concept meets the customers, the market, and the investors.

Retool and Revise

The first idea is never the final product. The worst work you will ever do is the first work you do. Press forward past the first iteration, and make use of the lessons you learn along the way.

Build Your Team

You need a team, but not just any team. You need the right team for that stage of a company's life. You wouldn't hire a college professor to teach kindergarten. For that, you need early elementary teachers. Startups also need to find the right people for the right jobs. Those people need to have the right attitude and need to be at a stage of their careers that makes them a match for a startup.

Think Like an Investor

Investing in a startup is risky. If investors wanted a moderate return, they'd invest in public companies like IBM and Coca-Cola. What entrepreneurs don't get is that, to an investor, the company is the product. Entrepreneurs need to understand the investor's perspective. Entrepreneurs create end products, but they also need to create the company. Investors buy companies, not products. For an investor, the best-case scenario is a tested, proven business with a market poised to grow rapidly.

The spirit of American business is embodied in the startup. Innovation and guts are the foundation of the startup, and those qualities also happen to be characteristic of the most successful mega-firms. Let those qualities form the dynamic of your startup. and you’ll be off to a good start.

Cynthia Kocialski has founded three high-tech companies and now is a consultant for startups. She is the author of Startup from the Ground Up.

Friday, August 26, 2011

C12's 2011 Leaders Conference back in Central Florida

Kzenon — Fotolia.com
C12 launched here in Central Florida in 1992. Now, after hosting its national conference in cities across the U.S., the 2011 Leaders Conference: Standing in the Gap will be held here, at the Gaylord Palms Resort & Convention Center in Kissimmee Oct. 27-29.

This event is a time of targeted, practical equipping for both superior business performance and workplace ministry. Attendees will also experience rich fellowship with like-minded peers from across America and from abroad.

The conference kicks off Thursday with a keynote dinner featuring Kris Den Besten, an Orlando Christian CEO and author of SHINE: Five Empowering Principles for a Rewarding Life.

Friday features a full day of conference and breakout sessions, wrapping up with a fellowship dinner.

The conference concludes Saturday morning with a plenary session, followed by the C12 Open golf scramble at Celebration Golf Club from 1-6 p.m.

Special room rates of $129 are available. Early registration discounts expire Sept 15. Details are on the C12 website.

The C12 Group of Central Florida is a personal advisory board of Christian business owners and CEOs, all committed to your personal, business and eternal success.

Tuesday, August 16, 2011

Kris Den Besten to speak at next Chamber luncheon

Kris Den Besten
Kris Den Besten, president & CEO of Vermeer Southeast and author of the book SHINE, will be our keynote speaker at the Sept. 8 Business-Building Lunch. At our November 2009 lunch, Kris shared how God brought him, his family and his company through some very dark times; now Kris returns to tell the rest of the story!

SHINE is not simply a how-to formula to make you employee of the month or salesperson of the quarter -- although that could happen. Rather, it is a Bible-based, Christ-centered approach for transforming your attitude about work: from that of making a living to that of making an eternal difference.

Join us Sept. 8, 11:30 a.m.-1 p.m., in Faith Hall at First Baptist Orlando. The doors open at 11 a.m. if you want to get in some extra chat time. Cost: $25 for chamber members and first-timers, and $40 for nonmembers. Registration deadline is noon on Sept. 6. Register online, or call the office at (407) 814-1124. Table sponsorships are available to members only; a table for eight people is $200. Sponsorships are sold only by phone.

Here's a sample of the wisdom in Den Besten's book:

Credible workers get things done. They do not make excuses but always come through by meeting or exceeding expectations. They are prompt, they meet deadlines, and they can be counted on at all times. They do not take shortcuts or skimp on quality. They do not grumble and complain. Rather, they display an eagerness to model Christ with positive words and actions.

Please join us for what is sure to be an inspiring session.

Tuesday, August 2, 2011

Blessed Are The Peacemakers

endostock — Fotolia.com
Ken Sande, president of Peacemaker Ministries, will give the keynote at the Aug. 11 Business-Building Lunch. Too often we hear about Christian brothers and sisters using the judicial system to solve disagreements. Mind you, that’s not a new problem. Paul wrote to the church in Corinth about it. You would think we’d have learned by now…

Sande is passionate about bringing the life-changing power of the gospel and God's peacemaking principles into the lives of Christians and their churches to solve this ancient problem. Over the years, he has ministered to parties in hundreds of conflicts ranging from simple personal disputes to complex church and legal conflicts.

Ken Sande
Sande is a consultant to churches and Christian leaders and has written numerous resources about conflict resolution. He has co-authored two books: Peacemaking for Families and The Peacemaker Student Edition for teens.

Come hear Sande speak about solving conflict Biblically Aug. 11, 11:30 a.m.-1 p.m., in Faith Hall at First Baptist Orlando. You can register online.

Monday, July 25, 2011

Preventing Everyday Conflicts

Conflict seems to be everywhere: in our homes, our workplaces, and especially lately, in our government. But it doesn’t have to be a part of your daily life, according to Tim Scudder. His firm helps companies and executives handle workplace conflict.

Dan Tero — iStockphoto
He says conflict anywhere can be an opportunity to resolve long-standing issues and can help us lead more productive lives. It’s not just about resolution. It is also, he says, about learning to have nicer conflicts.

Scudder is CEO of Personal Strengths USA and co-author of Have a Nice Conflict: A Story of Finding Success and Satisfaction in the Most Unlikely Places. “As one set of conflicts is resolved,” he says, “others will take their place, so it’s important to learn how to make conflicts productive and positive, instead of allowing them to distract us from our goals.”

Scudder shares five keys to conflict:

Anticipate. Know who you’re dealing with. Consider how differently others might view the same situation. When people see things differently, there is potential conflict. Keeping that in mind can give you a good shot at steering clear of it.

Prevent. Use deliberate, appropriate behaviors in your relationships. A well-chosen behavior on your part can prevent conflict with another person. But sometimes, you also need to prevent conflict in yourself. That might have more to do with choosing your perceptions than choosing your behaviors.

Identify. There are three basic approaches to conflict: rising to the challenge, cautiously withdrawing, or wanting to keep the peace. When you can identify these approaches in yourself or others, you are empowered to handle the situation more productively.

Manage. This has two components: managing yourself and managing the relationship. Create conditions that empower people to manage themselves out of the emotional state of conflict. It’s also about managing yourself out, which can be as easy as taking time to see things differently.

Resolve. To reach resolution, we must show others a path back to feeling good about themselves. When they do, they are less likely to feel threatened and are free to move toward compromise and resolution.

“Unresolved or poorly managed conflict costs companies in ways they can’t even calculate,” he adds. For example, recent research shows the top reason people leave jobs is poor relationships with supervisors. “Lost institutional memory, low productivity, bad morale, high turnover all cost real dollars.” But well-managed conflict can not only prevent those losses -- it can also promote higher productivity and a stronger bottom line.

Maybe Scudder should visit Washington, D.C.


Tim Scudder is a CPA and president of Personal Strengths Publishing Inc. Since 1995, he has focused on helping clients improve relationships.

For more about resolving conflict, join us at the August luncheon,
where Ken Sande will talk about peacemaking.

Do you have expert advice to share? E-mail Kristen.

Friday, July 8, 2011

Helping people find their purpose

If you heard Kevin McCarthy speak at the chamber luncheon last September, you know his mission is to help others be on-purpose.* Many of us have been through the On-Purpose Leader Experience, a transformative seminar that helps people focus on their purpose, vision, and mission.

Kevin is looking to broaden the On-Purpose reach with a small group study, and has applied for a grant from Intuit, maker of Quicken and Quickbooks software. To get the grant, Kevin's company,  On-Purpose Partners, needs votes:  http://bit.ly/khwhji.

If On-Purpose Partners wins the grant, it will fund completion of the small group materials for his book The On-Purpose Person. This would be a great resource, so I encourage you to support the endeavor.

* If you didn't hear Kevin speak at the chamber, here's a link to a replay.

Thursday, May 5, 2011

Sabbaticals: A Strategic Tool for Improving Bottom Line Results

by Rita Foley

Corporations that offer sabbaticals don’t do it as a nicety. They do it because it’s good for employees, for the company, and for customers.

Laurent Hamels -- Fotolia.com
Most of us have worked since we were in our late teens or early 20s, so of course it’s natural to crave some time off. Here are six reasons more companies are implementing sabbatical programs:

Employees return rejuvenated: Close to 100 percent of sabbatical takers return to their companies with higher levels of engagement, loyalty, motivation and appreciation for their employers. Research shows a high percentage of promotion and improved performance levels among sabbatical takers. But companies that provided sabbaticals only by exception, rather than as policy, had more sabbatical takers who did not return to work or remain employed with the company.

Clients will allow it: Some companies, especially professional firms, say the intense one-on-one relationship with clients prohibits sabatticals. The reality is many such firms offer sabbaticals. One law firm partner told me that sabbaticals actually help neutralize the ego factor. “It’s not healthy for the firm if a client gets too dependent on just one person.”

It can be cost efficient: This is another one that is especially hard for lawyers or other firms who share profits. But if everyone takes a sabbatical, then, at one time or another, each will cover for another and the profit washes out. Some companies offer only partial pay for sabbatical takers, but even for those who offer full pay, a sabbatical program shouldn’t cost you. Maybe at a clerical level you might have to hire a temp, but with careful preparation and juggling, work can usually be covered by existing employees.

Implementation is essential: It’s all in the preparation. The companies I spoke to have a very simple and effective system. Upon approaching the sabbatical year, an employee writes a memo to their boss requesting the specific time off. They then meet and outline coverage.

Stagger sabbaticals: In a formal program, one of the main concerns is how to start the implementation with tenured employees who have passed the five- or seven-year mark -- some many times. Most companies simply stagger leaves over a three-year period.

The bottom line: Our nation will lose its innovation and creativity if we don’t invest in our most important asset: our employees. We tune up our PCs, our cars, and our home heaters. Why not encourage people to give their minds and spirits a tune-up? Time and time again, sabbatical takers return as more interested and engaged employees, more loyal and more creative. Sabbaticals broaden a company by bringing in new ideas.

Loyalty alone should justify implementing a program. The cost of hiring and training a new employee can be 1.5 times a departing worker’s salary. Sharon Allen, Deloitte’s chairwoman, said her firm’s sabbaticals and flexibility policies had saved more than $45 million a year by reducing turnover.

A sabbatical program is a wonderful tool for checking an organization’s depth and breadth. Managers must proactively focus on developing their staff, complete succession planning, and provide training and exposure to teams. Sabbaticals promote teamwork and better decision-making.


Twenty per cent of the Fortune 100 Best Companies to Work For offer fully paid sabbaticals. If you want to be a workplace of choice while still adding to the bottom line and the company’s future, consider implementing a sabbatical program.

Rita Foley is an adviser with Crenshaw Associates and is a co-author of Reboot Your Life: Energize Your Career and Life by Taking a Break.

Do you have expert advice to share? E-mail Kristen.

Friday, April 29, 2011

Five Common Sales Team afflictions

by John R. Treace

Problems in sales teams can be found to some degree in almost every organization. Smart managers are aware of this and work to avoid the potential reduction in morale and performance. Any one of these problems will not necessarily hurt sales efforts, but multiple conditions at once can be extremely harmful.

Affliction 1: Wasting time

Endostock -- Fotolia.com
Forcing salespeople to perform non-sales tasks such as making accounts receivable collections, managing product recalls, or filling out reports unrelated to the sales process may be a waste of their time. Consider delegating these tasks to non-salespeople. If you divert five percent of a sales team’s time to collections, you effectively reduce the number of feet on the ground by the same amount. The reverse is true as well. It’s worthwhile to audit processes to see whether non-sales tasks can be re-assigned. Relieving the sales team of such tasks will result in increased sales.

Affliction 2: Poor sales meetings

The objective of any sales meeting should be to increase sales. Period. Every high-performing salesperson in a meeting thinks, “Is this meeting making me money, or is my time being wasted?” Powerful salespeople are self-motivated and intuitively know if their time is being wasted. If it is, management is hurting morale -- and sales. To ensure effective meetings, develop a strategic intent that includes clear success metrics. Define in specific terms what metrics are needed to determine whether goals are met. It takes a deep understanding of the business, the market, and the competition to do this. Powerful sales meetings produce sales and keep morale high.

Affliction 3: Poor strategy

Ineffective marketing or sales strategies will always hurt the sales team. This is especially true for teams selling commodity products or services. A player with small market share who enters a commodity market without a well-defined and well-implemented strategy can be assured of certain death. These types of companies usually say, “It’s a huge market, and we can grab some of it,” but it’s not that simple. The sales team will recognize ineffective strategy and will lose faith in the managers who developed it.

To compound the error, companies often try special promotions to save sagging sales on ill-conceived products. Some promotions can be effective, but managers should never call for a pointless charge of the light brigade. Sending the sales team to support a poor product or service is a severe tactical error. A successful sales effort hinges on good strategy. Companies that fail in this regard severely handicap their sales teams.

Affliction 4: Capping or reducing income

Powerful companies have managers who do not envy large sales force paychecks. Managers who resent highly paid salespeople often respond by reducing commissions, capping earnings, reducing territories, or removing products. Avoid these practices. They destroy morale. Powerful salespeople want to leverage today’s efforts into greater sales and income for tomorrow. If their earnings are limited, they will feel that ability has been taken away. High performers will soon look for employment elsewhere.


Affliction 5: Favoritism

We all have favorites in life, and that’s normal, but playing favorites on a sales team is destructive. Salespeople want to work for companies that keep the playing field level. If select salespeople are given extra incentives, benefits, or favors not available to others, management is creating a privileged class. Managers can’t build loyalty by strengthening a small political power base. Keeping the playing field level will pay big dividends.

Wasting time, poor sales meetings, poor strategy, capping income, and playing favorites are, with few exceptions, situations to be avoided. They are destructive to morale and lead to poor performance. Effective managers avoid these situations, and astute salespeople will bring these practices to the attention of management for correction.

John R. Treace is the founder of JR Treace & Associates, a sales management consulting business. He is the author of Nuts & Bolts of Sales Management: How to Build a High-Velocity Sales Organization. Website: www.treaceconsulting.com.

Do you have expert advice to share? E-mail Kristen.

Saturday, April 16, 2011

A Culture of Trust Boosts Employee Performance

If employees don’t trust a company’s leaders, they won’t feel safe—and when they don’t feel safe, they spend all their creative energy covering their -- selves. They don’t take risks. And where there is no risk, there is less innovation and less “going the extra mile.”

John Hamm, author of Unusually Excellent, says “Without trust, people respond with distraction, fear, or paralysis.” This produces behaviors like sandbagging quotas, hedging on goals, and avoiding commitment.”

He says leaders become trustworthy by building a track record of honesty, fairness, and integrity. Cultivating trust isn’t just a moral issue; it’s a practical one. Most employees have been hurt or disappointed at some point in their careers by a leader. That’s why leaders are often in “negative trust territory” from the start.

Hamm offers these tips on building trust:

Model trustworthiness. This doesn’t mean you must be warm and personable if that’s not your personality. On the contrary, many trustworthy people can be harsh, tough, or socially awkward. But promises must be inviolate and decisions fair. People who can be trusted are more likely to gain the respect of others than the nicest guy in the room, says Hamm. “You can be authentically whoever you really are. As long as you are fair, as long as you do what you say consistently, you will still be trusted.”

Reveal vulnerability. Allow others to see authentic (not fabricated) weakness or emotion. This helps people relate to one another.

Be transparent. Tell the truth, match your actions with your words, and match those words with the truth we all see in the world: no spin, no justifications, no revisionist history.

Allow good failures. Hamm says punishing failure is one of the stupidest things organizations do, and it happens all the time. “Good failure” is a term used in Silicon Valley to describe a business or initiative that is well planned, well run, and well organized—yet for reasons beyond its control, fails. Good failures occur when you play well but lose. Punishing employees for good failures instills a fear of risk-taking, and stifles innovation.

Instead, says Hamm, strive for a “digital camera” culture. There is no expense associated with an imperfect digital photograph. Just hit delete, and it disappears. No wasted film. So people take many more digital photos than they would with film. If failure is “free,” we take chances, and can get that one amazing picture that we wouldn’t have if we were paying for all the mistakes.

Allow people to bring bad news. Shooting the messenger results in messengers who won’t bring the information you need. They’ll protect their -- selves. Instill confidence that leaders value facts, truth, and speed of delivery over judgments of good or bad.

Beware shortcuts. When victory or failure is in sight, there is a vulnerability to abandoning values in the name of expediency. That can set a precedent and lead to corner-cutting even in operations that aren’t at a critical stage. Plus, when employees see you betraying your values, they see you as less trustworthy.

Recognize whom to coach and whom to let go. You cannot “fix” a thief, a pathological liar, or a con artist. “There are three failure modes that I will decline to coach: integrity, commitment, and chronic selfishness—manipulating outcomes for individual gain,” says Hamm. These are character traits, not matters of knowledge.

But that doesn’t mean we can doubt or distrust someone because their performance disappoints, he adds. “Performance problems should be managed fairly and with little judgment of the person’s character, unless that is the root of the trouble.”

 “Everyone fails to achieve perfection,” Hamm says. So a leader’s goal is to make wrong choices rarely; admit them quickly, completely, and with humility; fix them quickly; and make full recompense when possible.

In a working environment of trust, Hamm says, teams stay focused, give their utmost effort, and do their best work.”

Do you have expert advice to share? E-mail Kristen.

Friday, February 4, 2011

When to pay bonuses despite posting a loss

One of the many great things in Kris DenBesten's book SHINE is the account of how he surprised his employees one year by giving bonuses even though the company had posted a loss.

I thought of that this week because of two very different news stories. First, my colleague Adam O'Daniel at the Charlotte Business Journal reported that Bank of America's board awarded its CEO, Brian Moynihan, a $9 million stock bonus, even though the bank posted a $3.2 billion loss for 2010.


Then, Bloomberg reported that Lockheed Martin's CEO, Robert J. Stevens, asked the board to keep his pay where it's been for three years. The company won't award raises to any executives at the level of vice president and above, because although it did have a profit last year, the profit margin was too narrow.

Lockheed Martin's bonus policy "accounts for individual performance and the performance of the company, or business unit."

Lockheed Martin's policy makes sense. I, too, work for a company where bonuses are not issued unless financial goals are met. And BofA? What a crock. How do you award a bonus when there's a loss? If there's no profit, there can be no bonuses.

Then I remembered SHINE.

Mind you, there's a big difference between DenBesten's company and Bank of America, and it doesn't only have to do with how many digits follow the dollar sign.

BofA paid its executive bonuses because, as we have seen so often lately, that's just what banks customarily do. In the world of high finance, you don't withhold an executive's raise or bonus. It's part of that culture. Defense contractors and newspapers have a different culture.

And so, I think, do equipment companies.

When DenBesten handed out those bonuses, he was acting on his own principle of serving others. It's exactly the kind of radical step of faith we're called to take, especially when times are tough.

Monday, January 3, 2011

Disney center provides help for businesses

I attended a talk recently by Jerry Ross, executive director of the Disney Entrepreneur Center in Orlando. He said that just as businesses need to cut costs to deliver more profit to the bottom line, nonprofits need to reduce costs to deliver more services. That’s what the participants in the DEC have done.

By sharing overhead costs and support staff, the organizations that make up the DEC are able to do more for their clients. That also makes the DEC your one-stop shop for a variety of business help:
  • Bookkeeping
  • Business planning
  • Certification
  • Finding capital
  • Insurance
  • Marketing
Service providers based at the DEC include the Hispanic Business Initiative Fund, Central Florida Urban League, National Association of Women Business Owners, Service Corps of Retired Executives. The University of Central Florida is a major partner, offering its business incubation program and the Small Business Development Center. Orange County Government and the U.S. Department of Commerce are also participants.

The DEC hosts a variety of low-cost seminars, as well as one-on-one counseling and networking opportunities. Take a look at the calendar to find events that meet your needs. Services are available for all sorts of businesses, not just small startups.

The DEC is presently located at One Landmark Center in downtown Orlando, but will be moving in April to Fashion Square Mall. Ross expects the center will have a grand opening event in May. He said the reason for the move is primarily to reduce costs. An added benefit for the center’s clients -- who are also trying to cut costs -- will be free parking.

Monday, December 27, 2010

Have a purposeful new year

As you take stock of last year and face the new year, what do you hope to accomplish? And how do you plan to get there? Because we all need a plan.

If you missed the On-Purpose Leadership Experience last fall, please take the opportunity to join Kevin McCarthy for a free webcast preview of the January edition. This program is sponsored by our chamber.

I attended last fall, and it was a real eye-opener. Kevin's On-Purpose method helped me build a framework to figure out what to do -- and what to stop doing. Articulating my purpose helped me see what parts of my life fit and which don't. it helped me focus on which goals are really important, and which ones I can set aside for awhile.

No matter how good or how challenging your life has been lately, don't go another year without really knowing who you are, who you can become, and how to get there.

Register online for the preview, and prepare to enter the new year with purpose.

Saturday, November 27, 2010

Discerning God's will — the executive summary

We often struggle with decisions, wondering whether what we are preparing to do is God’s will or our own. Making Godly Decisions by Os Hillman is the most concise teaching I have found on the subject.

Hillman’s advice is focused on four main areas:
  • Hearing the voice of God
  • Decision-making methods
  • Confirmation processes
  • Timing for implementation

This book is scripturally based and includes real-life anecdotes to illustrate the principles given. Each chapter includes questions for reflection, journaling, or group discussion. It is available as a paperback or as an e-book.

Making Godly Decisions is full of common sense, but also full of Biblical sense, which is sometimes uncommon. For example, Hillman says “the final determining factor on whether we should do something is whether God has directed us to do it, not whether it makes sense.”

I appreciate the conciseness of this book. I have heard of publishers that will not accept very brief books. Presumably they are not worth the effort to print. Nonsense. In just 80 pages, Hillman sums up the subject very well, leaving me feeling, for the first time in -- well, ever -- that I get it. Any more would have been fluff. Don’t we already have too much fluff to deal with?

In reading this book, the most important lesson you learn may be, as was the case for me, that you already know more about godly decision-making that you realize.

Sunday, August 29, 2010

Every manager should read this book

How Full is Your Bucket? by Tom Rath and Donald O. Clifton, is based on the simple metaphor of a bucket and a dipper. Each of us has a bucket that is continually filled or drained by our interactions with other people. Positive encounters fill us up, and negative encounters drain us.

Among the authors' key points:

  • The Number One reason people leave their jobs is they don't feel appreciated.
  • Praise must be meaningful and specific.
  • Recognition is most appreciated and effective when it is individualized, specific, and deserved.
  • We are at our best when our buckets are full, and at our worst when they are empty.
  • Every interaction is an opportunity to fill someone's bucket — or drain it.
  • When we fill other people's buckets, we simultaneously fill our own.

Like parents who focus on the F's on a report card rather than the A's, many managers focus on critiquing weaknesses rather than developing strengths.

Mind you, it's not possible to simply offer groundless praise. As the authors note, "positivity must be grounded in reality." They cite the pointlessness of "Employee of the Month" programs, because inevitably — in the interests of "fairness" — every employee gets one. I've also seen workplaces where the award just moves about between a select few high performers, which may be more honest but doesn't do anything to lift up the mid-level performers.

Every worker has room for improvement. But consider a method used by many writers' groups, including the one I belong to. It's called the "sandwich method," though being a bookish person, I prefer to think of it as bookends.

Start with a genuine compliment, then give constructive feedback on what needs fixing, then end with more praise for strong points. Employees, like students, and writers, need to build on their strengths in addition to improving their weaknesses.

Individualization is important, because while one worker may appreciate a plaque to hang on the wall, another might prefer some extra time off to spend with family. To aid in this, the book includes a "Bucket Filling Interview," which can help managers learn about what really motivates each employee.

How Full is Your Bucket? will not only help managers encourage employees, it will help anyone see where they've been missing opportunities to fill other people's buckets.

Tuesday, June 1, 2010

Business-Building Summer Seminar Series

Join us for four seminars designed to help your bottom line. Each seminar will be held twice — in the morning in East Orlando on a different day at midday in the Millenia Mall area. The total price for the entire series is only $25 for chamber members and $45 for nonmembers.

Classroom sizes are limited, so make your reservations now. Here’s the schedule:

Effectively Starting Your Business (Building Businesses That Last)

June 17, 7:30 AM, Asbury University, Ron Wilkinson
July 15, 11:30 AM, Belhaven University, Ron Wilkinson

With companies downsizing, the best way to secure your future may be to start and build your own business. This seminar will give you the basics for a solid business structure and will help you get started on a firm foundation. You will learn:
  • Writing and monitoring a business plan
  • Determining proper business structure (Sole Proprietorship, LLC, C-Corp, S-Corp)
  • Securing Funding
  • Identifying HR needs
Effectively Branding Your Business (Building a Brand That Lasts)

June 17, 11:30 AM, Belhaven University, Bill Webster
July 15, 7:30 AM, Asbury University, Bill Webster

Many products and services can be rapidly identified just by their logo. Getting potential customers or clients to easily and effectively know your brand builds loyalty and increases your bottom line. In this seminar you will learn:
  • How to develop your brand for traditional and online marketing
  • How to communicate your brand traditionally and online
  • How to extend your brand through Social Media
Effectively Social-Marketing Your Business (Building Marketing That Lasts)

July 29, 11:30 AM, Belhaven University, Bill Webster
August 19, 7:30 AM, Asbury University, Bill Webster

We have become a global cyber-community. People increasingly communicate via the Internet. While there is much clutter in many of these social media channels, the potential to develop and implement effective marketing strategies is huge. In this seminar you will learn:
  • How to develop, maintain and protect your online message
  • How to build and leverage social capital to take action
  • The Social Media "must use" tools
Effectively Developing Relationships in Your Business (Building Relationships That Last)

July 29, 7:30 AM, Asbury University, Judy Boyce
August 19, 11:30 AM, Belhaven University, Judy Boyce

Relationships are at the core of every business -- with employees, clients, vendors, and yourself. Knowing people’s preferences and methods of learning increases your understanding of how best to relate to those around you. In this seminar you will learn how to:
  • Hire the right people
  • Manage correctly
  • Serve your clients effectively

Note that all morning classes are at Asbury University and all midday classes are at Belhaven University.

Click here to purchase online or call the chamber office at (407) 814-1124.




Reminder: the deadline to register for the June 10 Business-Building Lunch with Monica Wofford of Contagious Companies is noon on Tuesday, June 8.

Tuesday, May 25, 2010

Last week we wrapped up the first round of the Seven Mountains Mandate with an awesome, spirit-filled time of fellowship and prayer. Seven Mountains 2.0 will begin in the middle of next, with kickoff currently planned for June 14.

The Seven Mountains of Cultural Influence are
  • Arts & Entertainment
  • Business
  • Education
  • Family
  • Government
  • Media
  • Religion

All chamber members are operating in the Business mountain, and we are all probably in the Family and Religion mountains also. Through our connections, each of us has the potential to indirectly touch every mountain at one time or another. But each of us is called to one primary mountain focus.

The goal of Seven Mountains training is to help you identify which of these is your mountain and to equip you to stake God's claim on it. We hope you'll plan on joining us in this kingdom-building work.

This video explains more about the Seven Mountains Mandate.



Please keep our program leaders, Julie and Dennis Matula, in your prayers as they foster this growing program. Also, be in prayer about the role God has for you in the Seven Mountains Mandate and how He might use you to make a difference in your community and culture.