Why is passion such an important characteristic of successful entrepreneurs? If you search for the attributes that make up successful entrepreneurs, you’ll find that passion is one of them. They’re passionate about what they do. But why does a successful entrepreneur need to be passionate about his/her business? What’s the benefit of such traits, and how does it impact them? Let’s see why an entrepreneur needs to have a passion for the business. Continue reading Why is Passion Such an Important Characteristic of Successful Entrepreneurs?
Many metrics exist to focus an organization on important organizational objectives and drive the company forward. Key organizational metrics are more controversial. Many organizations will focus on revenue, profit, and growth as “Key” measures of success. Yet, all three are lagging indicators for measuring organizational success (what has happened) and will not tell you the whole story about your organizations prospects (what will happen). What Are 10 Leading Indicators for Measuring Organizational Success? Continue reading What Are 10 Leading Indicators for Measuring Organizational Success?
Where does business success come from? Are great quarterbacks born as great football players or did they have to learn how to play football? Great players practice all week for the game on Sunday. But what do they practice? They are already great. They practices plays — football procedures. Continue reading Is Business Success a Random Event or a Learned Behavior?
Does your company express leadership in teams? Make sure the design of your measurement system is made for team success. Being a leader means getting things done through others, which implies a team of some kind. The most critical ingredient to leading teams is trust and trust starts with you. The transformation starts at the personal level. When mutual trust exists, people feel motivated to help and support one another. This, in turn, creates a high-trust environment, which is the key to creating high performance work teams. Continue reading How to Gain Success with Leadership in Teams