Monday, June 25, 2012

Lessons in Leadership from the Military

Are you a risk taker?

Are you a leader?

Can you be one without the other?

Today I read a great article on this topic - I highly recommend you read it too. Generally, society recognizes that when the chips are down, soldiers in the military shoulder an amazing responsibility to stand on the front lines of our country and our freedom. They have, are, and will take risks that most of us will never fully appreciate. But what we can grasp is some insight from their example on how to realize success by facing inherent risk.

Col. Eric G. Kail suggests that there are some lessons from military life that can be carried over to any profession; he outlines them as follows:
First, not everyone is prepared to lead in risky environments. Second, as leaders who are assessing risks, we need to have skin in the game; otherwise we are only pretending to lead. Third, character matters just as much as any knowledge or skills acquired from training and education. 

Drapeau du Canada à la Citadelle de Québec
Flickr photo by abdallah

I couldn't agree more. In my line of work I engage with business owners and teams that are striving to set the standard of excellence in their industry. These are amazing people who are prepared to take risks, who have their hearts set on success, and who have characters that are not only beyond reproach, but set a standard for others to aspire to. They are truly great leaders.

I am grateful every day for the men and women who selflessly built the nation in which I live, and for the those who continue to lead. I will proudly celebrate the national holiday that pays tribute to the greatness of our country - built by the greatness of our people.


Tuesday, May 29, 2012

Start at the End

Always know the end of a business venture before you begin. Plan for it and don't lose sight of it. While it may seem paradoxical, the end will one day come and you need to know your exit strategy before you step through the door.

Are you planning to build a business that will give you a good living until retirement? Are you planning to build an international enterprise that will not only support your lifestyle, but effectively financially position your children's children? Are you intending to build the business to a certain point, sell it, and move on? How does your venture contribute to your vision of life in ten years, and when will the time come for you to part ways? What will be the key indicators that will signal that the end is near? Knowing how the story ends is key to determining how it will begin and how decisions will be made as the business grows.

If you're thinking about starting a new venture, or diversifying your corporation in new directions, or buying a new enterprise to complement the holdings you already have, take a long look at how you picture the end of the road. I recommend reading Start With Why by Simon Sinek, or Business Stripped Bare: Adventures of a Global Entrepreneur by Richard Branson. Make sure you know where you're going, why you're going there, and how you will know when you have arrived. And when the time comes, execute the exit strategy you have always planned.

Wednesday, May 16, 2012

Something Worth Reading

I think the most important thing I can post this week is a link to something well worth your time to read. This link will take you to another blog that discusses issues surrounding some of my favorite topics, including post-secondary education and employee qualification:

http://blogmaverick.com/2012/05/13/the-coming-meltdown-in-college-education-why-the-economy-wont-get-better-any-time-soon/

If we are looking strategically into the future of our workforce, our children, and our success as businesses and a society, there are some important changes coming that we should be ready to respond to. How will you take action to navigate this wave of fundamental change?