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In times of crisis people always look for inspirational leaders. What makes for inspiration is subjective, but there is one common element when speaking about leaders who inspire: they have a strong leadership presence.
By presence we mean "earned authority." That is, people follow your leadership because you are a proven quantity, whose credibility rests on your having gotten things done. Every leader must aspire to demonstrate presence in order to inspire; this is a theme explored in a new book, 12 Steps to Power Presence: How Leaders Assert their Authority to Lead.
Risk is the essential element of entrepreneurial life but it can and must be managed if company founders are to build profitable enterprises, writes the author, who has founded companies and is currently a venture capitalist helping others do the same. To control risk, he advises listening to instinct, managing to a plan, and working the financials so that there is enough money to fund the need.
Operating virtually enables this entrepreneur to conserve cash and take advantage of new market opportunities. Clearly defined values, structures, and boundaries keep partners and employees focused on the primary goal: meeting the firm's obligations and making money.
SHANGHAI - The cost of doing business in China is going up.
Coastal Fcatories are raising salaries, local governments are hiking minimum wage standards and if China allows its currency, the renminbi, to appreciate against the U.S. dollar later this year, as many economists are predicting, the cost of manufacturing in China will almost certainly rise.
Before selling to Cintas in 2006, Shred First, the company Ray Barry helped start, had grown into the largest independently owned shredding business in the country. Here, he explains why, from a legal and competitive perspective, a seemingly "non-critical" function like document security is actually a critical function and why outsourcing document destruction to a reputable company is the most secure, efficient, and economical solution.
Started with one Lincoln, limousine service now has more than 30 vehicles.
RALEIGH – On the day her divorce became final in 1990, Carrie Peele charged a total of $15,000 on three credit cards to buy a blue, 1986 Lincoln Town Car.
Peele wasn’t going on an emotional spending spree to boost her spirits. Instead, she was founding a business.
Thus was born Blue Diamond Limousines & Sedans, which provides transportation services to customers ranging from visiting celebrities to out-of-town executives to teenagers on prom night. Back then, Peele was the sole employee, the blue car was the only one available – and it didn’t take Peele long to regret her choice of hues.
Disaster planning is one task entrepreneurs may not undertake when their businesses are going smoothly. A well thought-out, well-rehearsed disaster plan can be an invaluable tool that allows a company to recover more quickly.
If you're ready to sell the business but want to remain on the acquiring company's management team, you'll need a never-having-to-say-you're-sorry contract. This article offers eight indispensable tips for negotiating it.
Carl Behnke's investment of more than 20 years on the board of Junior Achievement is just one example of his belief in giving back.
Entrepreneurial companies can and should take the ethical high road even as major corporations set appallingly low standards for ethical business behavior, writes the founder of a service concern. Included is a look at the company's own core values with respect to its customers, employees, community, and the company itself.
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