Daily inspiration with Peter Drucker & JLD




Bad Managers Breed Bad Businesses

The Exxon Valdez didn’t run aground because of the Italian cook, pesky customers or late deliveries by vendors. It ran aground because of the captain making bad decisions. Your business is no different.

The Art of Waiting for Entrepreneurs

Waiting can be one of the most difficult and even unpleasant experiences in life. It doesn’t matter what the amount of time is involved. The only thing that really matters is the reason for the wait. In this article, you will find a more active form of waiting that perhaps is a better explanation, that of a healthy balance of action and contemplation that gives us the liberty to step up and stand down when our intuitive nature determines which response is appropriate.

Spend More, Make More

There is nothing that can bring up the money gremlins faster than shelling out a big wad of dough that you weren’t expecting. Here are some famous expense triggers in a business: A big tax bill – An independent contractor who goes way over budget – A book, website, copywriting, or product production that involves more than you thought – In reality, this is the nature of business. But most of these experiences could be forecast with clear communication, contracts and research before it gets to…

When to Spend Money

No matter how much money you have in your possession, decisions involving money can be exhausting. Some decisions you make might feel good in the moment, but feel bad later. Sometimes you may say “no” to a purchase or investment thinking that you’ll wait until a later date, and then arrive at the later date wishing you’d done it earlier.

Communication Keeps Your Business on Target

Entrepreneurs face unique challenges that leaders in larger, established organizations do not. One of the primary initial challenges is the design of the organization chart. It may be that on day one, every box on the chart has just one name in it. Entrepreneurs are often advised to make sure they hire others to do work that does not match their talents or status as the CEO of a business.

Influencing Without Positional Power

One thing you learn quickly as an entrepreneur when you run your own business is that positional power doesn’t actually carry the weight you think it should sometimes. When you need to mobilize resources from across your organization to achieve your business objectives, you can’t just be “the boss”-you must have influence. Influence can be defined as: “the capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.”

Feeling Entrepreneurial? Look Before You Leap

Many people dream about starting a business, but it’s a big step that requires serious planning and preparation. Additionally, venturing out on your own can have major implications on your financial situation. Those who decide to walk away from the security of a steady job to the world of entrepreneurship find that they are moving to something that is very different, yet new and exciting.

Top Online Projects That Turned Out to Be Great Business Investments

Most of the online businesses that have transformed into a great business investment were once started in difficult situations and with a limited amount of resources. But, the things that these businesses had were brilliant and innovative ideas and a lot of conviction.

True Success – Intellectual Property

True success is never defined properly. In life there are many ways to become the best you can be in life. What is true success? Well, something you can pass down for generations.

The New Economy of Entrepreneurship: How the Computer Age Has Changed How We Earn a Living

The world is changing faster than ever. What used to take decades, is now taking years or months. And as a result of these changes, we have two looming crises, the elderly retirement crisis and the college-grad employment crisis.

Lemonade Stand Life Lessons

Did you ever have a lemonade stand? What were some of the biggest lessons you or your children learned from having a lemonade stand?

How To Start A Personalized Gift Business

Personalized gifts make very good options for creative people with a need to express love and gratitude in the most unique and special way. A personalized gift goes to show true care and people love receiving thoughtful creative gifts. If you would like to venture into the personalized gift business, you will need to work with a plan to make it all work for you. Here are a few simple guidelines that can help you start on a high note with your gift business.

Entrepreneurship 101: What Every Start-Up Business Should Know

Many start-up companies often failed in their first year of doing business because of the constraints and pressure that the company faces. Managing the organization, ensuring profitability through financial accountability as well as sorting out corporate and government legalities will make any small business without the proper tool to call it quits.

The Secret To Lasting Business Success

As entrepreneurs and business owners, we want our efforts to have a lasting impact. We want our businesses to withstand the test of time and be successful. We want sustainability. So what’s the secret to lasting success? How and why do some businesses survive the ups and downs, weather the storms of uncertainty, and make it in the long-run? It all begins with you. You are the captain of your ship, the CEO of your organization, the visionary, and the front-line manager. You can lead your business to success – lasting success – by following a few simple guidelines.

Should You Incorporate My Business?

Once you begin working for yourself either as a contractor, consultant, self-employed person or small business owner, the question will arise: Should I incorporate my business? There are three major questions to ask: Are there tax advantages to incorporating? What are the costs and benefits of a corporation? Are there legal or other liabilities that a corporation can protect compared to personal assets?

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