Category Archives: Small Business
So let’s see how this one works.
Our government makes commitments to spend money it does not have. Then it has to go out and borrow the money. All of this spending has led to a boatload of debt; more like a cruise ship or a fleet of cruise ships. Our national debt is now $16.7 trillion. Interesting to note that in 2006, then-Senator Obama called a proposed increase in the debt ceiling at the time a “failure of leadership,” when Republican President George W. Bush was in office. The borrowing limit has since been increased seven times during Obama’s term in the White House, from $11.3 trillion to the current $16.7 trillion, for a net increase of $5.4 trillion. That is a lot of zeroes and an awful lot of spending, don’t you think.
The U.S. has started using final extraordinary measures to avoid a breach of the nation’s debt limit, Treasury Secretary Jacob J. Lew said as he pressed Congress to increase borrowing authority “immediately.” Lew, in a letter addressed to House Speaker John Boehner dated yesterday, repeated that the measures will be exhausted no later than Oct. 17. When that happens, “we will be left to meet our country’s commitments at that time with only approximately $30 billion,” he said, “far short of net expenditures on certain days, which can be as high as $60 billion.” So on some days we spend upwards of $60 billion. That’s some big bucks.
I think the way it works for most of us is that we actually make a budget. We calculate our monthly income, estimate our planned and unplanned expenses, what we want to save or invest and then we see what type of other discretionary income we have. I am quite sure this is how the majority of those 800,000 furloughed government workers manage their budgets and also how many of you manage your budgets. Oh that’s right, our government does not have a budget. The last time that we had a full-on, real-life federal budget that was signed into law was 1997. Bill Clinton was president, and Newt Gingrich was speaker of the House. By my calculations that was 16 years ago. 16 years, no budget. We don’t need no stinking budget!
No budget, no restraints on spending, government is shut down, government workers are not getting paid and the solution is to figure out a way to raise the debt ceiling so we can borrow more money. And this resolution may or may not result in getting the government open again. How it is that or leaders can continue to get away with this?
Meet with your wife, husband, domestic partner or significant other this weekend and ask them to just raise the debt ceiling on the family finances. Tell them this is what the government does and they work for us. If they can do it, we can do it. Let’s see how far that conversation will get you.
This is not a political column but sometimes we need to shine a light on this topic.
Our government is shut down because our leadership can no longer communicate with one another. A bit of a groundhog day moment, don’t you think? Haven’t we seen this dance before? Well, for all of the folks in Washington, here is a headline for you – Get out! One thing you have excelled at is incompetency. Incompetency is not an attribute we look for in our employees. Do you think you would have a job if you worked for anyone else? The answer is no!
How is it that 800,000 hard working Americans can be laid off from their positions because of your inability to lead, but you, our leaders, continue to get paid? How does that work? Let’s peel the onion back another layer and look at yet another perk of yours that has not been shut down. The Members Only Congressional Gym remains open as it was deemed essential. Really?
Head Start programs have been shuttered, small businesses can’t get loans and hundreds of thousands of federal government employees are furloughed. But the exclusive members-only Congressional gyms have remained open throughout the shutdown.
A House aide confirmed that the House member’s gym is open. The House gym features a swimming pool, basketball courts, paddleball courts, a sauna, a steam room and flat screen TVs. While towel service is unavailable, taxpayers remain on the hook for cleaning and maintenance, which has been performed daily throughout the shutdown. There are also costs associated with the power required to heat the pools and keep the lights on.
According to the aide, the decision to keep the gym open — even while other critical government services were shelved — came directly from Speaker Boehner’s office. Meanwhile, the staff gym available to Congressional staff has been closed. It appears that the members gym in the Senate remains open on similar terms. Yesterday, Sen. Lindsay Graham (R-SC) complained to a reporter from the Omaha World-Herald that the members gym was getting “rank.”
The daily operating cost of the House and Senate gyms remains shrouded in secrecy. The Architect of the Capitol, which oversees both gyms, has previously refused to provide information about the gyms for “security reasons.” A call to the Architect of the Capitol for this story was not immediately returned.
And here is another one from my friend Armand that is sure to tweak you a bit (Not twerk you )
The US has entered into a contract with a real estate firm to sell 56 buildings that currently house U.S. Post Offices. The government has decided it no longer needs these buildings, most of which are located on prime land in towns and cities across the country. The sale of these properties will fetch about $19 billion. A regular real estate commission will be paid to the company that was given the exclusive listing for handling the sales. That company is CRI and it belongs to a man named Richard Blum. Richard Blum is the husband of Senator Dianne Feinstein. (Most voters and many of the government people who approved the deal have not made the connection between the two because they have different last names).
Senator Feinstein and her husband stand to make a fortune (est at between $950 million and $1.1 billion!!) from these transactions. His company is the sole real estate on the sale. CRI will be making a minimum of 3% and as much as 6% commission on each and every sale.
So our leaders get to work out while our government employees deemed non-essential get to sit home and not get paid. And then one of our Senators gets right because her husband is awarded an exclusive agreement to sell $19 billion dollars worth of government owned real estate. And we wonder why we have little or no faith in leadership.
Facial recognition software will end privacy once and for all. Your face now provides marketers and the government with the ability to link that fabulous mug shot you put on Facebook to everything there is to know about you. That’s right. You thought you were just posting your smiley face for your friends to see? Not exactly.
Queue the music:
The government has some restrictions with facial recognition software, but they are spending a ton of money to figure this out. Retailers on the other hand have the ability to use your face to send you promotional offers – the linking between the on-line world and the off-line world. Europe has tougher rules (You need to opt in there), but here in the US, the technology is way ahead of the law. Even if you have never put your own picture up anywhere in the internet you can be found if you were included in any picture any one has ever taken of you. So yes, Grandpa or Grandma who have refused to embrace anything digital and still read the paper in the morning, have been digitized and are therefore searchable.
A company called redpepper (www.redpepperland.com) has started a program called Facedeals. Here is how it works. Facial recognition cameras are installed at local businesses. These cameras recognize your face when you pass by, then check you in at the location. Simultaneously, your smartphone notifies you of a customized deal based on your Like history on Facebook. Creepy?
Yes, there are companies out there today that are putting all the little fragments of your life together, both on-line and off-line to get to know you a little better. They might know you, but you will never know them. Minority Report is much closer than you might think.
This happened yesterday.
PayPal, the e-commerce business that allows for online money transfers anywhere in the world, announced the launch of PayPal Galactic on Thursday. Intended to make universal space payments a reality — and help Kirk pay for that warp drive tune up — PayPal Galactic plans to bring together leaders in the scientific community to prepare and support the future of space commerce.
‘We are confident that Captain Kirk would use PayPal’s galactic payment system to pay for Enterprise’s repairs.’- Anuj Nayar, the senior director of communications and social media of PayPal
In recent years, privately-owned space tourism programs such as Virgin Galactic and SpaceX have made strides in opening the experience of space exploration to the general public. In the hopes of being the world’s first and preferred monetary system that reaches into space, the company has partnered with the SETI Institute and other members of the scientific community to answer questions about the future of space commerce.
The need for such a payment system already exists, according to PayPal. Astronauts living aboard space stations still need to pay for life’s basic necessities. No matter how far from — or above — home they are, the astronauts are still responsible for them.
As both SETI and PayPal share the same goals of exploring space and developing an interplanetary system, the company strongly feels that partnering with the sky-watching Institute will address the critical issues and make the payment system a reality.
On another galactic note, we had a super moon this week. Check this picture out:
“To the Moon Alice.”
Enjoy the weekend.
“The glue that holds all relationships together – including the relationship between leader and the led is trust, and trust is based on integrity.” – Brian Tracy
It is impossible to have effective and productive working relationships without trust. Trust is critical for every business and for every team. Today, associates work in teams on a daily basis. They rely on each other to succeed, to meet the ever changing demands of their clients, to leverage each others expertise to solve business problems in real time. Teamwork involves trust among team members and between management and associates. Trust is the cornerstone of success. Without it the team will fail. When one member of the team undermines trust, it sets the entire team back on it’s heels.
So why is it that team members undermine trust by divulging confidential information? Why is it that team members, after being told specifically that the conversation they just had was confidential, go running immediately to others to share the information?
Do they not care about the success of the team? Do they place their own needs above the needs of the team? Do they believe that there is an “I” in team? Whatever the reason, the fact remains that this type of behavior negatively impacts the teams ability to win. Plain and simple.
Webster’s Dictionary defines trust as the “assured reliance on the character, ability, strength, or truth of someone or something.” The key to the survival of a business is trust. Trust is a critical issue in any type of relationship because a relationship without trust is not really a relationship at all. A team that does not build a trusting relationship is not an effective team. Trust forms the foundation for effective communication, associate retention, motivation, and instills passion and commitment to exceed client expectations.
Trust, honesty, clear goals and collaboration are the keys to success on any team. Everyone on the team plays a critical role, but these key elements are the foundation that needs to be built upon. Team building is not always the easiest task to accomplish, but without it there is no Team, only “I’s.”
But now we have “Karma” technology, as in “peer to peer” wireless. Cool huh!
When you switch on your tablet or laptop and the wireless Internet access you need is just there. Automatically, everywhere, every time. Viola!
No more searching for hotspots. You’ll just get to browsing, and the days when passwords or daily- or monthly-pass payments stood in the way of productivity are no more. So just as the song states “Instant Karma.”
Here is how it works. Users buy a compact $79 hotspot device (the first units shipped last January) and they create an account. Switch on the hotspot and you get 1 GB of bandwidth to get you started. After that, it’s $14 per GB — no subscriptions, pay-as-you-want-it. And the access is mobile. Walk down the street with your Karma hotspot and your access goes with you.
Your Karma Wi-Fi signal is available to other people within range who are seeking a Wi-Fi connection. All they have to do is log on via your hotspot and sign up with the company. They would get a free 100 MB, and for more, they can pay as they go. Cool thing is, you would get 100 MB free as well.
That’s an underlying idea worth noting. The more you share, the more free bandwidth you accumulate. Peer-to-peer wi-fi, the next big thing?
Enjoy the day.
We have focused on leadership and the key attributes of great leaders so far this week. Today we will look at the worst type of leader and raise your awareness to the behaviors of insecure leaders.
For many of us that have been in the workforce for a few years, we have experienced many different types of leaders. There are those that are inspirational, motivating, thoughtful, mentors and unafraid to build great teams with people that are more skilled then them in many areas. Then there are leaders that do not belong in a position of leadership – Insecure leaders.
Insecure leaders are dangers. Dictionary.com shows the reason why these leaders can be dangerous. Insecurity is defined as being, “subject to fear & doubt, anxious, a risk & danger, and not firmly or reliably placed.” When insecurity is present in a leaders life it becomes a cap to their influence and effectiveness. It hurts the people around them, and the organization.
Insecure leaders are highly threatened by the truth, by facts, by transparency and by honesty. In order to protect their lofty, undeserved positions of power, they campaign against talented people that pose a threat to their positions. They lie, they commit to tasks that they never deliver upon, they mislead co-workers, they fail to communicate, they miss deadlines, they undermine all positive things and worst of all, they are toxic to the companies they work for, creating environments of distrust and ineffectiveness. They make excuses about every deadline they miss or every project they fail to do because they say “I was too busy”, “I have too many other things to do”, “I did not understand the process”, or “I don’t care about the process, I just needed to get something done”. Of course, all that means is that the people that know how to get it done right will now have to fix it, wasting much more time and creating both employee and client dissatisfaction.
Insecure leaders like to distract employees and business partners by focusing on tasks that are not important or do not create customer or employee benefit/value. They want to find that one nugget of information that substantiates their beliefs so they can use it to their advantage and create a hostile environment. This is how they maintain control. This “rope a dope” technique of focusing people on unimportant, irrelevant topics is part of their modus operandi to distract their co-workers from focusing on their leadership and managerial inadequacies. They are the masters of publicly agreeing to key strategies in meetings with their bosses, only to undermine these decisions in conversations with their subordinates. You might hear a statement like, “Although this was the agreed to decision, it will never work”, or “This is what I committed to, but let’s do it this way.” Have you heard any of these before?
A leader who is insecure cannot successfully lead those around them. This is because their actions, attitude, and motives are controlled and driven by their personal insecurity. Below are some negative characteristics and unhealthy aspects of an insecure leader:
- They control people, systems, polices, and are micro managers.
- They avoid partnering or hiring smart, talented, and people better then themselves.
- They create an insecure work environment.
- They avoid moving outside of their comfort zone.
- They resist personal, organizational, or team growth or change.
- They avoid calculated risks because of the fear of failure.
- They don’t encourage or empower their people.
- They guard against building open and strong relationships.
- They see others through their insecurity.
Great leaders and great companies identify this type of leader immediately and take action. The behaviors are painfully obvious. Great companies rid themselves of these insecure leaders and more importantly, stop hiring people with these traits. Great leaders do not listen to these insecure leaders, they do not fall for their unhealthy charm or their “opinions” of other co-workers that are threatening to their existence. Insecure leaders do not care about the company or their co-workers. They only care about themselves, their careers and feeding their egos at the expense of others.
No person or leader, however good they might be, is exempt from potentially becoming or being insecure. This is why it’s essential to be able to identify and eliminate insecurity from our life. To do this I suggest:
Lead yourself - The most important person you can lead is yourself. An important aspect to leading is to become self aware. This mean you are aware and comfortable with your strengths, weaknesses, personality, temperament, and emotions. You know you have been uniquely made and you accept it. A powerful way to avoid insecurity is to be aware and have control of your inwards thoughts and dialog.
Develop trusted relationships- The people in your inner circle will either lead you forward or hold you back. This is why it’s essential to build friendships with secure, positive, and confident people. When you have trusted relationships, those people can help you spot areas you need to change (Insecurity is one area) and be a support for you.
Do you know any leaders like this? If you do, call your CEO now and tell them.
One of the greatest leaders of our time was Peter Drucker. Peter Ferdinand Drucker (November 19, 1909 – November 11, 2005) was an Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation. He was also a leader in the development of management education, and he invented the concept known as management by objectives.
Drucker’s books and scholarly and popular articles explored how humans are organized across the business, government, and nonprofit sectors of society. He is one of the best-known and most widely influential thinkers and writers on the subject of management theory and practice. His writings have predicted many of the major developments of the late twentieth century, including privatization and decentralization; the rise of Japan to economic world power; the decisive importance of marketing; and the emergence of the information society with its necessity of lifelong learning. In 1959, Drucker coined the term “knowledge worker” and later in his life considered knowledge worker productivity to be the next frontier of management.
Here is what Peter Drucker believed about leadership:
- A leader is someone who has followers
- Popularity is not leadership, results are
- Leaders are highly visible, they set examples
- Leadership is not rank, privilege, titles or money; it is responsibility
Leaders do not hide behind issues; they confront and resolve them. Leaders do not avoid conflict; they embrace it and learn from it. Leaders don’t sit in their offices all day; they interact and work closely with their co-workers. Leaders don’t need control; they know how to get things done by understanding the business issues clearly and resolving them through collaboration. Leaders listen. Leaders change and embrace change. Leaders lead change.
Do you work for a great leader? Are you a great leader? Do you have what it takes?
Don’t follow, lead.
A classic tune from the 80′s to begin your day today.
Thanks to Wikipedia www.wikipedia.org for the brief overview of Mr. Drucker.
In case you missed it yesterday, Apple had a few new products to share with you yesterday. As usual, the company continues to just crush it and will be providing you with new and more productive ways to leverage and use all of the Apple technology that you have. Apple announced a major iOS 7 redesign, with countless iOS 7 features that are rolling out in the iOS 7 beta today. They are also going directly after Pandora with their new iRadio service and killed a few competitive apps by just including these capabilities in the operating system, like the flashlight.
So in case you missed the announcements yesterday, here are a few nuggets for you. Change is good. But remember, as Woodrow Wilson once said “If you want to make enemies, try to change something.” So this will identify the positives around the announcements. Someone else can write about what they hate about Apple. Not me.
- Control Center – In iOS 7 Apple adds a Control Center, which allows users to swipe up from the bottom of any screen for access to toggling WiFi, Do Not Disturb, Brightness, controlling music playback, AirPlay and more. There’s also a flashlight built-in and shortcuts to apps.
- Swipe to Go Back - When in Safari or other apps, if you need to go back, don’t bother looking for the back button, swiping in from the left will go back.
- Scrolling App Folders - The new app folders in iOS 7 aren’t limited to a few apps. If you want to put all your games into a folder you can now do that and scroll through apps in a folder.
- Better Sharing Menu - The new iOS 7 sharing menu includes a scrollable list of apps and other iPhones to make sharing photos and more simpler.
- Great New Look - Apple changed the look of IOS, from the font and dock up to the status bar at the top of the iPhone. This is a brand new look that many users are already excited to try out.
- New Multitasking With Previews – The new iOS 7 multitasking uses the full size of the iPhone 5 display to let users see what’s going on in apps. Users can also swipe up to kill an app, instead of long pressing on it.
- Siri Voice Options – In iOS 7 Siri offers a new female voice and a male voice for the first time.
- More Control of iPhone with Siri – Siri can now control more of the iPhone. In the demo Siri on iOS 7 controlled brightness, returning calls and controlling iRadio.
- iOS 7 Looks Change to Match Your Background – When you change the background of the home screen, elements of the IOS system will change to match the colors. This includes the dialer and other parts of iOS 7.
- New Camera App – iOS 7 features a new Camera app that includes faster access to panorama, a new look and much more.
These are just 10 of the great new things developed by Apple and announced yesterday. Thanks to the folks at Gottabemobile for the summary. An additional 40 new items can be found at http://www.gottabemobile.com/2013/06/10/50-ios-7-features-youll-actually-care-about/
And the hits just keep on coming. Speaking about hits, here is one of my favorite summer songs from The Alarm: