I've long admired Coach John Wooden's "Pyramid of Success." In business, whatever blueprint, instructional manual or paint by number kit being used before the enterprise launches is quickly tossed aside once the doors open. After that, it becomes a freelance-thing or a free for all, for those lacking mentors, a Sherpa or the time to figure it out.
Once again we are upon the season of forecasts. A quick perusal of any investment website will turn up some very rosy and optimistic forecasts for the coming year and a least a few doom and gloom predictions.
One challenge of being a business owner or holding a position of leadership is keeping motivated.
January is typically a dormant time of year for the residential real estate market in the Santa Clarita Valley, yet this market recovery is so unusual that no one was surprised when statistics showed January posted the highest sales total for the month in six years.
Real estate development during the Great Recession has proven to be a very challenging endeavor. Even seasoned professionals have found themselves struggling to service debt on projects that are producing monthly net negative cash flows.
Last week I wrote about the 2012 Gallup Poll where only 21 percent of U.S. adults rated business executives with high or very high in honesty and ethics.
In the course of working with business owners and leaders, I have observed that the organizations that are the most successful over the long run are the ones that have a strong focus.
Fiddling with the mortgage interest deduction to balance the nation's books would impact much of the nation, yet eliminating it or even limiting it would have a particularly destructive impact on California's high-cost housing market and the state's budding economic recovery.
A Gallup research study conducted and released in late 2012 found that only 21 percent of American adults surveyed found business executives high or very high in honesty and ethics.
It is generally agreed that being an effective manager involves taking calculated risks.
There are many people out of work that want a job. The government says that the unemployment rate is falling as the economy grows and organizations add to payrolls.
In an attempt to put the "service" back in mortgage servicing, new rules have been devised that are intended to make it easier for borrowers facing financial stress to quickly learn about alternatives to foreclosure, speak directly to the loan servicer, and get errors fixed when there's been a mistake.
These individuals show up every day, are present physically but not always mentally for the required period of time, and leave at the end of the day, not having accomplished much at all.
So, a few weeks ago, did you notice that barely perceptible stirring in the air? A surge of genuine ecstasy?
First the good news: Budgets, particularly public relations budgets, are projected to increase for 2013, mobile social media will continue to rise as consumers' vehicle of choice, strategic focus on content marketing will continue to build, and unprecedented volumes of data on client profiles and buying habits will continue to build challenging even the most experienced marketer. The bad news: how to use all this newfound knowledge to your advantage.
If you haven't noticed, the airways are filled with advertisements to join a gym to get into shape or to start a diet.
While most financial experts agree that saving should be a part of every household budget, many Americans admit that they aren't prepared financially for life's unexpected challenges and emergencies.
Tomorrow is Monday, January 6, and people will be back to work. Hopefully, the company plan for 2014 has been nailed down and assignments to key result areas are known and responsibilities for achievement assigned.
Most individuals have read numerous articles on how to prepare for an interview as a job candidate. However, as an entrepreneur or hiring manager, how much time have you spent improving your skill set to effectively screen applicants and conduct interviews to optimize your potential to select the best candidate? If you're like most entrepreneurs or managers, your answer to that question with be somewhere between little and none.
Tens of thousands of owners who once again have equity in their homes have much to be grateful for as 2014 dawns.
As the year comes to a close, it is appropriate to look back and ask why some businesses have survived and others went by the wayside; and to understand why some businesses have done well.
Most of the business owners I know are either finishing up a solid year and want to continue the good times into 2014, or they had a less than stellar year and want a different ending a year from now. Which is it for you?
If voters get their way the 30-year home loan will be here to stay, yet retention of what has been an invaluable tool in building the nation's middle class while opening home ownership to generations of citizens may now be more a function of politics than economics.
Business owners are busy this time of year but being asked to answer tough questions is an essential part of success. This list will start the process of evaluating how 2013 was for you and your business.