Monthly Archives: July 2010

Forbes columnist Adam Hartung just posted a provoactive article entitled “Stop Focusing on Your Core Business.”

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Have I grabbed your attention yet?

He implies that markets are changing faster than ever, and focusing on our core business forces us to lose our ability to innovate. He also boldly asserts that we have been sold a bill of goods from Tom Peters, Jim Collins, and other experts who have encouraged business leaders to focus on their core competencies….

I had the pleasure of connecting with Dan Schawbel last week. He is the genius behind the #1 job blog by CareerBuilder in 2008-2009. FastCompany dubbed him "a personal branding force of nature."

Dan wanted to know more about my book, how leaders manage rapid growth, and some of the best ways for B2B companies to stay connected to customers and partners.

If you are in the process of hiring more professionals, or are personally seeking a new position, check out his blog….

News You Can Use: The IMF projects global growth will reach 4 1/2% this year. The recovery is underway, especially in the U.S., Canada, Brazil and China. What one thing can you do differently NOW to leverage this positive trend? (P.S. “status quo” is not a viable option)

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Here is the research summary: http://www.imf.org/external/pubs/ft/survey/so/2010/RES070710A.htm

 …

Last September, BendBroadband CEO Amy Tykeson and her team made a bold move. In the midst of servicing one of the most economically challenged markets in the United States — Central Oregon — Tykeson and her team "em-barked" on a re-branding strategy.

Nearly a year has passed. Today, they boast the premier local IT service provider spot, and have preserved their profits in a price-conscious, pit bull industry.

BendBroadBand_logo 

Several months ago, Chip Conley and his investors faced a fork in their growth plan.

Conley, the CEO of Joie de Vivre Hotels in San Francisco, California and three-time business author, witnessed competing hotels facing potential foreclosure. According to Trepp LLC's Foresight Analytics,  about $5.6 billion in securitized mortgages tied to hotels is coming due this year and next, and 27.8% cover properties that are now estimated to be worth less than their mortgage alances. Analysts are forecasting that the hotel industry will not regain its full strength until 2013.

Conley had some tough choices ahead. He could either choose to stay small, ignore the pressure to bring in more partners to cover the difference (a form of benign neglect), default on a few properties, or attract more capital from new investors to fuel growth and acquire distressed properties. Ultimately, he and his team agreed to sell a majority stake in JDV to Geolo Capital and pursue the latter option.

I had the pleasure of meeting Conley this month, and how he intends to thrive amidst a dismal industry shakeup.

If you lead a company that is facing debt problems, limited access to capital, a critical growth crossroads, or a combination of all three, invest 17 minutes to hear Chip's sage growth advice.

Last month, the Australian Chief Justice Wayne Martin castigated the legal profession for their continued “hours for dollars” billing practice. In a recent of hourly billing provides an unfair representation of their value.
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Although Alan Weiss (my mentor and author of “Million Dollar Consulting”) derided this model more than a decade ago, and I refuse to quote hourly or daily fees, the antiquated, Industrial Age model continues to live among us.

I just returned from a high-octane vacation and business networking trip to the Washington, D.C. area. What a breath of fresh air! After having spent the past few years as a resident of Central Oregon – an economically challenged (read: depressed) community, I was excited to discover a vibrant,  affable business community that has weathered the economic storm:  Alexandria, Virginia.

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During my interview with Alexandria Chamber of Commerce‘s CEO, Tina Leone, I learned:

 …

“Lisa, congratulations on launching your book.  I have a book that I want to write, but I just can’t seem to finish it.”

Have you caught yourself saying that to your author friends? Is Chapter One sitting in your desk drawer gathering dust?  Don’t feel badly–you are not alone.

Photo courtesy of Don
 
If I was given a dime for every time someone has told me that they have a burning desire to write a book, I would be a multi-millionare….

My husband and I are enjoying a week filled with networking, socializing and house hunting in the Washington, D.C. area. We are also excited about celebrating Independence Day in our nation's capitol.

What strikes me is the dogged dismissal towards the recession among the local business leaders.  I attended an event hosted by the Alexandria Chamber of Commerce on Tuesday. And the positive outlook was downright infectious. 

Some of you may think that the D.C. metro area economy resembles a bubble. I am about to prove you wrong.

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