Worldwide101 recently joined up with five-time Inc. 5000 list Founder and columnist for Inc., Forbes, and Business Insider, Bruce Eckfeldt of Eckfeldt & Associates, to chat about the 6 tasks every business owner should start delegating right now in order to save 15 hours per week, and how to truly delegate them most effectively.
Having been a team coach the last decade, I've seen many of these distributed teams struggle, but I've also witnessed many of these teams excel, too. The best ones do not achieve this success by overcoming their challenges, rather, they turn their challenges into advantages. If you're on a distributed team or your company is building a distributed team, here are a few key considerations to keep in mind.
When you're a hammer, everything looks like a nail. The same is true for leadership. If you're great at driving your team by calling the shots, then you'll seek out situations--and even create ones--where making tough calls quickly is critical. However, like any highly developed skill, overusing one kind of leadership mode quickly becomes a liability.
Strategy must connect to execution. View these “Expert Series” webinars to learn how to develop your strategy and enable great execution with OKR goals (what Gazelles methodology calls Annual Initiatives and Quarterly Priorities) and connect it to every individual’s performance via Continuous Performance Management and ongoing progress check-ins.
Finding the right talent is getting harder and harder. In this interview we speak with Daivd Reiss from Jane.hr about how to get the talent you need by using media, referrals, and your social reputation.
William Lieberman, Founder & CEO, The CEO's Right Hand - Mr. Lieberman is the founder and CEO of The CEO’s Right Hand, a New York-based consulting services firm that provides a full breadth of strategic, financial and operational advice to founders, CEOs and Executive Teams.
Julia Pimsleur, CEO, Million Dollar Women - Julia has raised a combined $26 million in non-profit and for-profit dollars. Founder of Little Pim, the leading language teaching method for young children, Julia is also the author of “Million Dollar Women: The Essential Guide for Female Entrepreneurs Who Want to Go Big” to help women learn to raise capital and take their businesses further, faster.
Tom Watts, CEO, Chief Investment Officer, Watts Capital Group - Tom is an ex-McKinsey consultant who afterwards founded a telecom advisory firm which he subsequently sold. He subsequently worked as a senior investment banker and analyst at Merrill Lynch and Bear Stearns, assisting high-growth companies in raising financing and completing strategic actions such as IPOs and sales.
Carl Gould, President, 7 Stage Advisors - Carl Gould is an authority on business growth who advises organizations who want to grow to the next level. He is an entrepreneur and has built three multi-million dollar businesses by the age of 40.
Brett Hickey, Founder & CEO, Star Mountain Capital, LLC - Mr. Hickey is the Founder & CEO of Star Mountain Capital, a specialized asset management firm focused exclusively on the lower middle-market. Star Mountain provides debt and equity capital directly to established, growing businesses and also participates in this market as a strategic fund investor.
Highly effective organizations are able to make the right commitments and follow through on them. They develop a culture of accountability. However, despite being so focused on results, these organization lack micromanagement and overbearing managers. How? By creating a culture of "self-accountability" and making it an intrinsic value for everyone in the organization.
Feedback is one of the core tools managers have to impact results. The challenge is that feedback can come in several forms and mean different things based on the context. In this episode, learn the best and most effective ways of giving feedback for you and your directs.
Communication research says that it takes six times before someone really understands a communication. Most managers stop at just one. Further, they fail to have a concise and clear definition of success. By clearly defining expectations and effectively communication them, management effectiveness will improve markedly.
In the early part of the twentieth century, W Edwards Deming developed the managerial science of statistical quality control and used it to help rebuild the industries of Japan after WWII. His work lead to the science of Total Quality Management (TQM) and Lean Production. At the core of this ideology is the idea of continuous improvement and the PDCA cycle.
In this episode we discuss the difference between Leadership and Management. Put simply, Leadership answers the question of where are we going, and Management answers the question of how do we get there. While both are critical, Management is often the one early stage companies struggle with.
In this first episode, we ask the question, "what is management?" Discover the difference between management and execution and leadership and why management is so important. Startups who find initial traction then run the challenge of managing and executing well to grow the business. Failure to manage well will leave even the best strategy stuck on the launch pad.