Wednesday, May 02, 2012

15 Biographies Every MBA Student Should Read


Every MBA has an opportunity to make an impact on the business world in their own way, but first, it sure doesn’t hurt to find out about the greatness of others. Reading about the lives and work of business icons from both the past and present can lend a great deal of insight for your own career. Check out these biographies to discover the entertaining and educational stories of 15 great men and women in business.
  1. The Snowball: Warren Buffett and the Business of Life

    What does it take to become one of the richest men in the world? Get some insight from The Snowball, the story of successful investor Warren Buffet. You’ll find insights into not just his strategies for business and investing, but his personal life as well. Certainly a good choice for any budding MBA in search of wisdom from one of the greatest men in business.
  2. My Years with General Motors

    Written by former GM CEO Alfred Sloan in 1963, My Years With General Motors has been regarded as a management classic for many years. So much so, that Business Week named it their top pick for their “bookshelf of indispensable reading.” Full of ideas for creative business management, Sloan’s biography is no less than a manual for managers. Read his story, and you’ll be able to better understand the basic concepts of the discipline of management, and how Sloan put these concepts to work to turn GM into the biggest company in the world after WWII.
  3. Steve Jobs

    It’s no wonder that Steve Jobs was Amazon’s best selling book of 2011: it’s an amazingly insightful look into one of the most talked about men in business. The late Jobs is legendary for his creativity, innovation, and being notoriously difficult to work with. Apple fans, business students, and those curious about Jobs’ life will be satisfied with this biography that delves deeply into his life.
  4. Call Me Ted

    Follow media tycoon Ted Turner’s story in this book, from dropping out of college to turning his father’s billboard company into an international media empire, and going on to become a champion in his personal interests of sailing and baseball as well. Written primarily by Turner himself, Call Me Ted also includes passages from those close to him, including family, colleagues, and competitors, all revealing how Turner has pushed through setbacks and learned how to achieve greatness in business and in life.
  5. The Autobiography of Andrew Carnegie

    The hard work and frustrations of business school may have you questioning what the point of all this is, and Andrew Carnegie’s autobiography might just answer that question. As a man who amassed a great fortune, Carnegie famously put his money to work as a philanthropist. This book explains how he created organizations that allowed him to give away more than $350 million in his own lifetime.

Read the rest of this post at 15 Biographies Every MBA Student Should Read



George Torok Host of Business in Motion Business Speaker Listen to Business in Motion audio PodCasts On iTunes Business in Motion on Facebook Share/Save/Bookmark

Tuesday, April 17, 2012

Interview with George Torok about visit to Iran: On People in Connection TV

First visit to Iran in 2009 - TV interview on People in Connection TV with Host Marie Mushing




George Torok Host of Business in Motion Business Speaker Listen to Business in Motion audio PodCasts On iTunes Business in Motion on Facebook Share/Save/Bookmark

Saturday, March 31, 2012

Wanted: Young Business Leaders Halton/Hamilton/Niagara

Do you know of young business leaders in Halton, Hamilton or Niagara? The Business Link newspaper is searching for nominations for The Top 40 under Forty.


The Business Link will be honouring 40 businesspeople under 40 years of age (as of March 1, 2012) who are making their mark in the Greater Hamilton and Halton communities through business success, community involvement and charitable work. 


Notice the combined requirement for business success plus community involvement and charity work.


I guess that means that hermit Internet millionaires need not apply.


You can find The Top 40 under Forty nomination form here.



George Torok Host of Business in Motion Business Speaker
Listen to Business in Motion audio PodCasts On iTunes Business in Motion on Facebook
Share/Save/Bookmark

Saturday, February 11, 2012

Interview with Seth Godin: We are all Weird

Listen to this audio interview with Seth Godin on the topic of Weird. If you are not yet weird, maybe you will be after listening to Seth Godin.


Success Mag interview, 2012 from Seth Godin on Vimeo.



George Torok Host of Business in Motion Business Speaker
Listen to Business in Motion audio PodCasts On iTunes Business in Motion on Facebook
Share/Save/Bookmark

Monday, January 23, 2012

21 Tips in 21 Days to Get You Into Selling Shape for 2012

By Jim Domanski
Are your 2012 sales a little sluggish? Need a little momentum?

Here are 21 tips that you can apply one day at a time over the next 21 days to help kick start your sales for 2012. These tips are in addition to your normal everyday selling activities. Why 21? Because 21 is approximately the number of business days in a month and because it is roughly the amount of time it takes to create a habit. If you get into the good habit of doing something a little extra to improve your skills or enhance your productivity and effectiveness your sales are bound to grow.


The 21-Day Get Sales Fit Program

Day 1 - For the next five business days, arrive 15 minutes earlier and use the time to prospect. Sometimes earlier in the day is the best time to reach decision makers. Of course what it really does is translate into 75 minutes of business development. Focus exclusively on dialling. Don't get distracted.

Day 2- Send out 10 thank you cards to your top 10 clients. Simply tell them 'thank you' for all the business in the past. Tell them you don't take them for granted. Hand write the card and envelope. Use a real stamp. Go here for more information on this simple but highly effective task.

Day 3- Ask your manager to monitor five of your (completed) calls today and provide feedback on how you can enhance and improve your approach to a call. A good coach means good results.

Day 4 - Identify 15 inactive clients (a customer who has not bought something in the last 12 months) and give them a call. Ask them questions to get a feel for their current situation. Identify needs. Pay attention to them. Groom them. Reactivate them.

Day 5 - Today, implement a "passive referral" program i.e., a means of soliciting referrals from clients (and prospects) using a variety of methods (e.g., e-mail). For more information on this process go here.

Day 6 - For the next 5 business days, stay 15 minutes longer and make cold calls and develop new business opportunities. Sometimes later in the day is the best time to reach your decision makers. Try it and see for yourself.

Day 7- Today you want to get "some skin in the game" and invest in yourself. Go to a books store or visit Amazon and buy a book on selling. Find something to enhance your approach to selling. When you invest in a product you are more apt to read and apply the techniques in order to get an ROI. (See the Book recommendation following this article)

Day 8- For today, identify your top 5 selling products and list 2 add on sales for each these products. Jot them on a sheet of paper and when appropriate cross sell or up sell on these products. Do this today and for the rest of the 21 days. Watch the average value of your sale increase.Go here if you'd like more information.

Day 9- Swap five of your prospects who are not returning your calls with 5 prospects from a co-worker. Sometimes a new voice and new approach generates new sales.

Day 10 - Scan the internet and find an industry or product related article that you can send or e-mail to 25 clients. Add a little note that says, "I thought of you when I found this article. Enjoy!" This creates value. It positions you as a 'resource' and not just a 'source.'

Day 11 - Call 10 of your "B -level" customers and ask them if there are any projects / sales three to six months down the line. Not only are you scoping out long term opportunities, you are staying 'top of mind.'

Day 12 - Eat lunch at your desk and spend the time making cold calls - maybe to a different time zone. That'll give you an extra 50-60 minutes of business development opportunity. See what happens.

Day 13 - Call your top 10 clients (the same ones to whom you sent the thank you cards on Day 2 and who probably got your industry related article on Day 10.) Ask them for a referral.

Day 14- Today, create an e-prospecting letter and send them to 15 prospects. For tips on e-mails go here.

Day 15 - Make follow up calls to the 15 prospects who got your e-mail on Day 14. Timing is everything.

Day 16 - For the next five days, come in 10 minutes earlier and stay 10 minutes later. That means an additional 100 minutes of business development activity. Ten minutes on either end of the day? Heck, that's easy.

Day 17- Monitor 5 calls from three of your co-workers (15 calls in all). Get a feel for what they do. Maybe you'll get some fresh new ideas or approaches.

Day 18 - Call five clients and ask them for a testimonial quote that you could use in an e-mail or letter or presentation. When you get them, be sure to leverage them!

Day 19 - Call or e-mail those who have given you a referral and given them an update on the status of the referrals you received.

Day 20- Send a thank you card - not an e-mail- to those who have given you a testimonial quote.

Day 21 - Evaluate all that you have done over the past 21 days. What has been the net result? If you've missed anything implement it. Now, build your 'little extra' plan for the next 21 days. Keep the momentum going.


The above tips are easy to implement and take very little time. Do the extras. The extras will give you the edge and make things happen.


By Jim Domanski of Teleconcepts Consulting. Please visit Jim's web site at http://www.telesalesmaster.com/ for additional articles and resources for tele-sales professionals


George Torok Host of Business in Motion Business Speaker
Listen to Business in Motion audio PodCasts On iTunes Business in Motion on Facebook

Share/Save/Bookmark

Tuesday, January 17, 2012

Contrarian or Team Player - Which are You??

Why We Need Contrarians in The Workplace

This article by Barbara Moses published in the Globe and Mail suggests that contrarians are valuable additions to every workplace team - whether they are appreciated or not.

But is a contrarian really appreciated by a group of team players? Are the two labels polar opposites, or is one a different shade of the other?


I agree with the position of the article that the concept of being a team player has been over hyped. I think to the point of blind obedience.

In my experience good team players:

  • Go along with the rest of the group
  • Are unwilling to offend others
  • Do not place a high value on their own time
  • Are willing to sacrifice results for group harmony
  • Avoid embarrassment


In my experience contrarians:

  • See things differently
  • Ask bold and challenging questions
  • Are willing to take a postition
  • Are willing to oppose the group
  • Accept that they will make mistakes

  
George Torok Host of Business in Motion Business Speaker Listen to Business in Motion audio PodCasts On iTunes Business in Motion on Facebook

Share/Save/Bookmark

Thursday, January 12, 2012

10 Tips to Make 2012 More Productive and Profitable

Kick off the new year by listening to George Torok's "Top 10 Tips to Make Your 2012 a More Productive and Profitable Year".

Listen to this 30 minute radio show with host, George Torok.
10-tips-to-make-2012-more-productive-profitable

Here is a summary of the tips.

10 Tips to Make 2012 a More Productive and Profitable Year


1. Fail Fast, Fail Often and Fail Cheap

Be willing to make, and learn from your mistakes. Treat mistakes as part of the growing process – not an end. Think ahead by limiting the cost of possible failures. This tip is courtesy of Jim Estill.


2. Be Clear on Your Purpose

Why are you doing this? Ask that question of yourself more often before you invest your time, money or effort. Clarify the purpose of each meeting, promotion or decision before you commit.


3. Fundamentals

Revisit the fundamentals. Technology changes rapidly. Techniques adapt to circumstances. But the fundamentals never change nor fail you. Don’t wing it, understand the fundamentals.


4. Stop Chasing Perfection


You will never be perfect. Chasing perfection will result in repeated frustration. Instead strive to be better every time. Then you can experience a chain of small wins and progressive successes.


5. Stop Doing Things

What do you need to stop doing to allow you to do more of what you really want to do? Write your “Stop doing list”. This is as important as your “To do list.”


6. Scare Yourself

Face at least one thing that scares you. That’s how you grow. Courage is not being without fear – it is facing your fear. You’ll discover more about yourself when you scare yourself.


7. Ask Better Questions

Ask better questions of yourself, others and the world around you. You’ll be amazed at the answers you’ll get. It takes more thought to ask good questions than to answer them.


8. Review and Use Your Resources

You have resources that you aren’t fully using. Check your tangible and especially intangible resources for new opportunities. You already have what you need to succeed. Check your pockets.


9. Visit Other Worlds

Life is best observed through a kaleidoscope. Discover other cultures, opinions and perspectives. Volunteer for a charity, read about history and listen to other views without judging. Walk around the block with your eyes open.


10. Accept the Mess in Your Head

You are the best person to deal with the mess in your head. That will include a mix of ideas, questions, unfinished thoughts, self doubts, fears, anxieties, hopes, dreams…

No one else will ever know about the mess in your head. And you can work to organize some of that mess.

Listen to the podcast of this radio show here.



Share/Save/Bookmark

Wednesday, January 04, 2012

Best Interviews from 2011

It's difficult to select the best because many of these radio interviews with business leaders are so good. Here is our selection for this year. Click the links to listen to the interviews. Enjoy. Be inspired.


Murray Hogarth, Founder Pioneer Gas Stations


 

Murray Hogarth launched the first Pioneer gas station in 1956. Today there are more than 150 Pioneer gas stations across Ontario.
 
  • Pioneer donates 1% of profits – not revenue to charity.
  • Murray Hogarth was instrumental in the formation of CAFE – the Canadian Association of Family Enterprises.
  • Pioneer is the largest independant gas station chain.
  • Murray Hogarth was voted the Entrepreneur of the Year by the Burlington Economic Development Corporation for 2010.
Listen to the radio interview with Murray Hogarth

 
 
Bruce McDougall, The McDougall Group

Who is Bruce McDougall?

He is the founder and president of The McDougall Group, a financial planning company in Burlington, Ontario. A past president of the Burlington Chamber of Commerce he is a long time active Rotarian. He is a marathon runner, tri-athlete, a past competitive racquetball player and an avid golfer.

Listen to the interview Bruce McDougall


Kathy Bardswick, The Co-Operators Group



Kathy Bardswick has been with the Co-Operators for 32 years. She worked her way through various roles with the company. A working mom with four children she was inspired by her own mother (with six children) who encouraged her to pursue her dreams. Kathy earned her MBA at McMaster University.


Listen to the interview with Kathy Bardswick


 
 
Share/Save/Bookmark

Wednesday, December 28, 2011

Alan McLaren, Infinity Communications

Interview with Alan McLaren, Co-CEO of Infinity Communications
Who is Infinity Communications?

Infinity is a full service communications agency specializing in public relations, branding and social media strategies. We help our clients “Get Noticed and Stay Noticed”, through focused communication programs designed to build brand awareness and drive revenue growth.

One of the best ways to reach your target audiences is to use a combination of traditional public relations strategies offline, while leveraging social media and web strategies online.

We are living in a connected world and it is important to bridge the conversation both online and offline.

———————————————
Insights and excerpts from this interview with Alan McLaren of Infinity Communications

Purpose of marketing is building the brand to be top of mind.

Common mistake on the web is not connecting the dots.

Key question is, does more traffic mean more business? That is the bottom line.

Marketing is not scientific. One plus one does not equal two.

Half the time, we turn prospective clients away because the fit is not right.

Red Flag Deals was one of our proud success stories.

I hate doing the numbers – but you need to do that.
As Co-CEOs we each have our strengths and defined roles.


Interview on Business in Motion with radio show host George Torok

Listen to the radio interview on podscast

Listen to the radio interview on itunes





Share/Save/Bookmark

Sunday, December 04, 2011

Motivational Chicken and Egg

You know the old conundrum, “What came first, the chicken or the egg?”
One leads to other and one can exist without the other.

Well a similar conundrum exists when it comes to motivation. The question is, “What comes first the motivation or the motion?” Motivation and motion are closely related and interdependent. The words come from the same root. Certainly motivation leads to motion and motion builds motivation.

What comes first? It doesn’t really matter. When you feel motivated you will move into action – motion. When you are in motion already you will feel motivated – motivation. So if you don’t feel motivated – move. Do something. Start something. Get yourself into motion and you will start to feel more motivated. Doing things motivates. Resting seldom motivates you. Yes everyone needs a break but “break” is relative and a good break can just be a change.

When you want to feel motivated – move. Put yourself into motion. You might be surprised at how motivated you feel. We feel most motivated just after we have completed a tremendous task. Right after I finish a marathon I feel like I can run another (not right away of course).

So when you need some motivation – move. Try your happy dance.

© George Torok is a Canadian motivational speaker who specializes in helping business owners and professionals deliver their messages for better results. Visit his website www.Torok.com


Share/Save/Bookmark

Tuesday, November 22, 2011

Who's Responsible for Your Success?

The 10 Reasons Why You Don't Sell as Much as You Could (or Should)
and What To Do About It
by Jim Domanski


Be real honest with yourself: are you selling as much as you could ... or as much as you should? If you have that vague and uneasy feeling that maybe you could be doing better but you're not precisely certain why you're not, then this article might give you some much needed perspective


1. You lack product knowledge
You might not be excelling at selling because you lack product knowledge. Maybe you're new to the job. Maybe you haven't been diligent in learning more about your products and services.

Here's the good news: you can readily fix this. Learn your products inside out. Review brochures, manuals, white papers, special reports. Read industry magazines. Subscribe to industry e-newsletters. Visit competitive web sites. Find a savvy mentor. Pick your boss's brain. Do SOMETHING. Invest a few extra hours a week. Eat lunch at your desk and read. Stay and extra half hour. Take stuff home.

2. You don't use the skills that you got when trained
You might not be selling to the degree that you would like because you are NOT using the skills you were taught in training. The trouble with learning new skills and techniques is that it means CHANGING your selling behaviour. Most people resist change even if that change means better results.

This is easy enough to fix too: find someone that will act as a coach, a cheerleader or conscience. Most often it's your manager. Engage him or her. Call them to task. Get trained again if necessary. Get them to monitor your calls and analyze what you are doing well and not so well. Get them to pat you on the back or kick you on the backside. Do SOMETHING and start applying what you learned.

3. You abuse the skills that you got in training
You may not be a good seller because you 'abuse' what you learned. This is different from #2 where you don't use ANY of the new skills. In this case, you don't use what you learned well. You have diluted, changed or altered the selling skills and techniques; you go half way; you cut a corner or two... or three...or four; you don't follow through; you've whittled away a tactic. You may not even know it.

The best thing to do is get yourself a coach - a manager, a friend, a mentor, an outsider- to objectively listen and analyze your calls. Be open to their remarks. Get training. Get your manager to provide constructive feedback.

4. You lack experience.
You're new to sales. You've just come off training. You haven't made enough calls to get a complete feel for your selling environment. You haven't dealt enough with customers or prospects. You haven't had enough victories or defeats. You lack the experience that only comes with time and effort. You lack the volume work that provides insights, confidence and savvy.

The solution? Don't quit. Keep plugging away. Keep a log book of experiences. Jot things down. Chat with others. Learn. Store those experiences somewhere. Above all, be sure to keep dialling. You'll learn by doing. Mistakes are great teachers; so are successes. Push yourself.

5. You quit too soon
Speaking of quitting: you might not be as successful as you could be simply because you quit too soon or you too easily. Quitting means any number of things. It means stopping an activity short of completion. For instance, instead of making 70 dials you quit at 55. Instead of making four or five follow up you quit at one or two. If a prospect says 'no' when you ask for the sale instead of querying further you crumble like a house cards and hang up.

What's the answer? Buck up, baby! Grow a spine. Don't be a wimp. Push a little further. Push a little harder. It won't hurt a bit and it WILL help your sales.

6. You need an attitude adjustment
Attitude can be a real sales killer and it may be holding you back from extraordinary results. Look, if you don't like your boss; if you're convinced your prices are "always" too high; if you feel your list is lousy; or you think that your competition has a better product, a better offer, better terms ... whatever; then quit. Don't waste any more of your time.

Or, alternatively, you can change your attitude. It's as simple as that. Make a choice. Negative thoughts and beliefs will hold you back from succeeding. So here's what to do. Stop whining. Stop blaming and finger pointing. And above all, stop excusing yourself. Your sales success is YOUR responsibility.

Here's what you should do: grab a yellow sheet of paper and a red marker. Write these words on it in big letters, "So, what am I going to do about it?" Post it where it will always be visible. When you feel yourself going down the self pity path, look at the poster and thing about solutions or hard work.

7. You're complacent
You might not be selling as much as you could or should because of complacency. It means you are content, perhaps even smug about your sales results. You're happy with what you are making and achieving. This is not necessarily a bad thing provided you are meeting or exceeding your objectives.

The only trouble with complacency is that it's a slippery slope. It gets easy to stop doing the things that made you successful...and you don't realize it. One day you wake up and you're behind the game. Complacency is common and it creeps up on everyone from time to time.

The good news is that complacency is relatively easy to fix. Push yourself every day by trying something new or setting more challenging objectives. Make 10 more calls. Push for one more sale. Get in 15 minutes earlier. Prospect a half hour longer. Stay an hour later once a week.

8. You're lazy
Ouch! Being lazy is different than being complacent. Lazy is several steps past complacency. Laziness is knowing what to do but consciously choosing not to do it. And excusing it. Laziness is seeing what needs to be done and ignoring it.

No one likes to admit that he or she is lazy but if your sales are down and they've been down for a while, you need to have a little 'heart-to-heart' with yourself. Only you can answer the question. As for the solution; it's self-evident.

9. You don't invest in yourself
Your sales might not be where you want them because you have done little or nothing to help get yourself to the next level. You haven't invested the time or the money for self-improvement. That you are reading this article is a good start but let me ask, have you bought a book or DVD on sales in the last six months? Have you thought of hiring a coach? The moment you invest a few bucks of your own money is the moment you have something to lose. It is also the moment you want an ROI. You create risk with an investment.

Next step? Visit a bookstore one day this week. Browse the marketing and sales selves. Find something to buy and read. Then schedule a half hour a day or a couple of hours a week to read and learn new techniques. (Not sure what to buy? See "I recommend "Smart Calling" - see the column below for more information)

10. You don't have the talent
Maybe your sales aren't so great because you lack the talent. Talent is an inherent ability to do well or at least, well enough. Not everyone has it. I can't dance a lick. I have NO talent for it. Can't sing either. Wasn't blessed with it. Golf? I play but it's a torture to watch.

Some people aren't cut out to be sales people because they don't have the talent. If you have tried everything suggested here, if you have moved from sales job to sales job and have not been 'successful' then maybe you don't have the talent. Maybe you should move on to something else. No shame in that. Call it a moment of truth but it could make your life a whole lot more enjoyable.

Summary
If you haven't gathered by now, your success is up to you. It's your choice. Making certain choices is not always easy but it is the only path to sales success. Choose wisely.


Jim Domanski
President, Teleconcepts Consulting
http://www.teleconceptsconsulting.com/
B to B, outbound tele-sales consulting and training services
Phone: 613 591 1998
-----------------

Powerful advice from Jim. If you are successful - you are responsible. If you are not - you are responsible.

George Torok


Share/Save/Bookmark

Friday, November 18, 2011

P T Barnum - Showman


Phineas Taylor Barnum (July 5, 1810 – April 7, 1891) was an American showman, businessman, scam artist and entertainer, remembered for promoting celebrated hoaxes and for founding the circus that became the Ringling Bros. and Barnum & Bailey Circus.


P T Barnum died more than 100 years ago and we still quote him and base many business practices on his advice. Many of us can learn much from his words.


Here are some lasting insights excerpted from his book, "The Art of Money-Getting" or "Golden Rules for Making Money".



-----------------------

Those who really desire to attain an independence, have only to set their minds upon it, and adopt the proper means, as they do in regard to any other object which they wish to accomplish, and the thing is easily done.

But however easy it may be found to make money, I have no doubt many of my hearers will agree it is the most difficult thing in the world to keep it. The road to wealth is, as Dr. Franklin truly says, "as plain as the road to the mill." It consists simply in expending less than we earn; that seems to be a very simple problem.

Mr. Micawber, one of those happy creations of the genial Dickens, puts the case in a strong light when he says that to have annual income of twenty pounds per annum, and spend twenty pounds and sixpence, is to be the most miserable of men; whereas, to have an income of only twenty pounds, and spend but nineteen pounds and sixpence is to be the happiest of mortals.

Many of my readers may say, "we understand this: this is economy, and we know economy is wealth; we know we can't eat our cake and keep it also." Yet I beg to say that perhaps more cases of failure arise from mistakes on this point than almost any other. The fact is, many people think they understand economy when they really do not.

True economy consists in always making the income exceed the out-go. Wear the old clothes a little longer if necessary; dispense with the new pair of gloves; mend the old dress: live on plainer food if need be; so that, under all circumstances, unless some unforeseen accident occurs, there will be a margin in favor of the income.

A penny here, and a dollar there, placed at interest, goes on accumulating, and in this way the desired result is attained. It requires some training, perhaps, to accomplish this economy, but when once used to it, you will find there is more satisfaction in rational saving than in irrational spending.

Here is a recipe which I recommend: I have found it to work an excellent cure for extravagance, and especially for mistaken economy: When you find that you have no surplus at the end of the year, and yet have a good income, I advise you to take a few sheets of paper and form them into a book and mark down every item of expenditure.

Post it every day or week in two columns, one headed "necessaries" or even "comforts", and the other headed "luxuries," and you will find that the latter column will be double, treble, and frequently ten times greater than the former.

The real comforts of life cost but a small portion of what most of us can earn. Dr. Franklin says "it is the eyes of others and not our own eyes which ruin us. If all the world were blind except myself I should not care for fine clothes or furniture." It is the fear of what Mrs. Grundy may say that keeps the noses of many worthy families to the grindstone. In America many persons like to repeat "we are all free and equal," but it is a great mistake in more senses than one.
---------------------

Spend less than you make.


Powerful, simple and easy to understand - yet overlooked by too many today. That includes governments, corporations and individuals.

Funny how some things never change.


George Torok

Business Speaker

Business in Motion radio show

Business In Motion on Facebook


Share/Save/Bookmark

Tuesday, November 15, 2011

Fail Often, Fail Fast, Fail Cheap

That's powerful advice from Jim Estill. He is a successful entrepreneur who build his business from nothing to annual revenue of over $300 million. He then sold the business - like a smart entrepreneur.


I have shared the stage with Jim as presenters and expert panelists. Jim has much wisdom to offer. Of all the advice I've gathered from him this one resonates with me the most.


"Fail often, fail fast, fail cheap." - Jim Estill


Just imagine how "the fear of failing" can halt success. Instead, Jim suggests that we accept failures as necessary to growth.


Jim Estill discusses each point in more detail in this article.



For Better Innovation - Fail Often, Fail Fast, Fail Cheap
by Jim Estill


Companies need to be encouraging of failure. Too often people are disciplined for trying things that do not work. I advocate the opposite. Praise those who try - even if they fail.

Read the rest of this article at For Better Innovation - Fail Often, Fail Fast, Fail Cheap

This line in the article particulaily jumped out at me.

"Having failures does not make you a failure. Not trying makes you a failure."


George Torok

Host of Business in Motion


Share/Save/Bookmark