Disruptive Business Models
How disruptive is your business model? While much has been written about corporate vision, mission, process, leadership, strategy, branding, and a variety of other business practices, it is the engineering of these practices to be disruptive that maximizes opportunities. Without a disruptive focus, you are merely building your business model on a "me too" platform of mediocrity. Few things are…
Business Model Architecture
I never cease to be amazed at how many times I receive a "deer in the headlights" stare when I mention the topic of business model architecture to even the savviest of senior executives. While most C-level execs have a general idea of what I'm referring to, it is also quite clear that most can't even begin to define it, much less articulate the specific constructs of a sound business model. In…
Managing Outlook
Managing Outlook is nothing short of a pain in the *** if you don't pay attention to it. In coaching top CEOs and entrepreneurs I find that one thing they all have in common is an overabundance of e-mail. When e-mail was originally labeled as the "Killer App" it was because the e-mail was thought to be the ultimate productivity enhancement tool. Regrettably, I believe e-mail has become the…
Rogue CEOs & Board Accountability
Rogue CEOs...given the recent failure of banks and financial institutions previously thought to be untouchable, there has been a tremendous amount of justifiable venom being spewed at the CEOs of these firms. Their ignorance, and in some cases their arrogance, allowed these rogue CEOs to operate outside of normal business rules, conduct self-serving agendas, and partake in self-dealing…
Employee Onboarding
Employee onboarding is not something for CEOs to take lightly. The ability to scale your company will be largely dependant on your ability to recruit, retain, and properly deploy new employees. While certainly important, recruiting is not the end-game, but rather it is the very first step in the talent management lifecycle. Over the years, I have watched great recruiting efforts fall prey to…
Public vs. Private
Public vs. Private finance...The question is, which option is better, and why? Entrepreneurs, investors, and advisors have very strong opinions as to whether you're better off with private equity or an IPO when seeking to finance, sell, or otherwise seek investment capital for your company. In today's post, I'll share some recently released information that may help you make the right……
Affordable Employee Benefits
Today's Myatt on Monday's question was posed by a CFO who asked: "What is the best way to manage the rising cost of employee benefits?" While the escalating cost of benefits is something that all companies deal with, for small and middle market entities the prices and complexities are nothing short of staggering. In today's post I'll address one of the best and most often overlooked option for…
Thriving During a Recession
Recession are we, or aren't we? While the economists and pundits are arguing about whether or not the US is in a recession, my opinion is that we are. The classic definition of a recession is a decline in GDP for two consecutive quarters. However, it is important to keep in mind that economic data and statistics are reported on a historical basis, and by the time the economic data is released to…
Risk Management Made Easy
Accountability is the lowest cost, most practical, and most productive form of risk management and quality assurance that can be implemented across an enterprise. Put simply, accountability is really nothing more than a common-sense understanding that decisions made within a framework are going to have a greater chance of success than those made in a vacuum. What type of checks and balances…
Why You Need A War Room
Today's Myatt on Monday's question was posed by a CEO who asked: "I've heard reference to executive teams that utilize 'war rooms' for strategy development. Is this beneficial?" Let me begin by stating that any tools or techniques that bring executive teams together for the purposes of consistent and focused strategy development and refinement are marvelous things. Furthermore, any company that I…
Competitive Separation…
Competition is clearly part of any free-market economy, and quite frankly, a little competition is a very healthy thing. That being said, competition can quickly transition from serving as an incentive to stay on your game to an outright disaster if your company, product, service, brand, and talent are not up to par with others in your industry. As a CEO or entrepreneur, how you choose to…
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