Ever since I can remember, I’ve been passionate about rock music. And like many boys in the 1980s, I was a fan of the band, Rush. I distinctly remember the day I bought Moving Pictures, their breakout album and the first one I purchased with my own money. Upon arriving home, I laid the vinyl on our family room record player and out of the boxy speakers blasted the opening track, “Tom Sawyer”. The ‘A’ side of the album closed with “Limelight“, and I sat there so amazed at what I just heard that it took me a while before flipping over the record.
Living on a lighted stage
Approaches the unreal
For those who think and feel
In touch with some reality
Beyond the gilded cage.
Yesterday, David Wolinsky wrote a between-the-eyes piece on ADMCi’s blog about why co-working doesn’t live up to its inherent potential of 1+1=3. It was a more direct way of saying what I did a few months ago.
To me, the a-ha moment was realizing that the people behind many co-working spaces still haven’t figured out how to create the “stickiness” that’s so critical to any business. As David rightly puts it, many believe “we’ve got a spare room, let’s rent it out to a bunch of strangers to work.” Sorry, contrary to what they may think, co-working is not a simple real estate play. Continue reading
It’s not just about the entrepreneur or the startup, it’s about building a great company. It’s about tapping into our basic instinct to do a job well and develop the skills to do so.
Just as a father consistently focuses on doing his job well and keeps trying new techniques to get better. Or a teenager who earned her license and someday must drive in the mountains, through snow, or alongside a caravan of trucks. In each case, the craftsman is dedicated to doing quality work. Continue reading
As a market, they don’t respond to a well-thought out strategy. No amount of research will reveal any hot buttons. And tactics that seem to be working at any point in time are really simply a matter of luck.
They’re like fingerprints, every one a unique identity. No matter their age, capitalization, ownership structure, industry, revenue, or profitability, there’s no way to build typical customer profiles. Executive titles and experience levels often don’t matter. And sometimes they do. Continue reading
In his book, Start With Why, Simon Sinek shares the idea that great leaders think, act, and communicate based on the Golden Circle.
I’m discovering that Think-Act-Communicate (TAC) is also an effective framework for strategic and tactical planning, particularly for startups and small companies, who don’t need the bloated planning frameworks often used in business. Continue reading
Entrepreneurs are naturals at finding. We easily find business opportunities and new markets. We quickly find people who want to work with us by sharing our vision. And if we have the patience, adaptability, and tenacity, we find enough customers to build a business.
But once we make the find, we have a tendency to direct our time, attention, and resources away from it. We often lose interest with the people and organizations who take big risks in buying from us, working with us, investing in us, and partnering with us: the early adopters who helped us build the foundation of a business. Continue reading
The ambitions may have changed but reality hasn’t.
More first-time entrepreneurs have grander plans than those of the past. Gone is the desire to simply create a job for themselves or a small business that employs a few people. Today’s first-timers believe they can build the next Facebook, Starbucks, or Subway, and that’s good. Entrepreneurs need vision, ambition, and BHAGs. There’s nothing we can do – or should do – to temper their energy and enthusiasm. Continue reading