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IDiscover Journal

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For Small Business Owners and Leaders

MANAGING YOUR BUSINESS ALSO MEANS MANAGING YOUR MONEY

As you well know when it comes to money, small businesses have a pretty small margin for error. It’s important to keep a close eye on your finances. But so many small business owners grew their businesses by being good at what they do…and that thing is not necessarily at accounting or finance. So what are the important things to keep an eye on? In this post I wanted to focus on just a few. So, here are some areas that a small business owner ALWAYS has to keep a sharp eye on.

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THIS WEEK’S MUST READS

Happy Monday everyone. I posted this on Sunday night – as my daughter and I are on yet another college visit Monday. It was Southern Methodist University (where I got my MBA) on Friday and Baylor University on Monday. But as always, I like to begin the week by summarizing the articles and ideas I’ve shared in recent days. I hope you enjoy them. Read on!

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BE INTENTIONAL ABOUT SENDING SIGNALS

As leaders (whether intentionally or unintentionally) we are constantly sending signals/messages. The words we use, the communication channels we engage in, the tone of our messages, the timing of our signals, and our body language say a lot. And (whether you realize it or not) others act on those assumptions they read into our signals. The less intentional and clear we are the more room there is for misinterpretation. We should be proactive and strategic in what we want to “say” – and how we say it.

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THIS WEEK’S MUST READS

Hello again. Welcome to a new work week. As always I like to share a summary of some of the best articles I’ve come across in recent days (and some of my own tips and blog posts). So here we go!

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BRING EXCITEMENT BACK TO YOUR BUSINESS

Some people claim that you don’t need to be passionate about a business to be able to run it. I guess that’s true to some extent – especially for a large business. You probably don’t have to be passionate about oil exploration to run ExxonMobil. But I DO think it’s important for a small business.

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THIS WEEK’S MUST READS

Hey guys! I hope you all had a wonderful weekend! As always, I like to begin the week by sharing some of the great things I’ve been reading and some of the ideas I’ve shared over the last few days. Enjoy!

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DO YOU KNOW WHAT MAKES YOU UNIQUE?

Let me ask you a question: When was the last time you thought about your company’s Unique Value Proposition (UVP)? I know, “UVP” sounds like one of those things that some MBA pinhead or some Silicon Valley VC dreamed up somewhere along the way. (And, yeah, you’d probably be right.) Anyway, this one really is a valuable concept. Let’s pick it apart a bit and I’ll explain why.

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THIS WEEK’S MUST READS

Hey everyone! Well, I hope my friends in Houston were okay in the recent flooding. Ourhome is fine – we just have our eyes on the nearby reservoir here in west Houston. And what a horrendous week for traffic on our side of the city with major roads still closed. Yuk.

Anyway, as always I look forward to a positive, productive week. And to start I like to share some of the articles I’ve been reading and some of the info I’ve shared over recent days. So here goes

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BECOME A MORE INSPIRATIONAL LEADER

What does it mean to be an inspirational leader? How does someone become one? Is it in-born (as some people would have you believe)? I’ve observed many a leader over the years and have come to believe that, yes, some people are more natural leaders than others. If nothing else, they are more extroverted and willing to be bold and guiding. But that doesn’t mean that others can’t become leaders who inspire people. In my opinion there are some traits r characteristics that define someone as a leader. And some of that is just more natural for some people. But part of that is behavioral. Some of their leadership qualities are how they do things; not just what they are born with.

How about a look at some of those traits of inspiring leaders – and how you can more strongly build your leadership ability?

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THIS WEEK’S MUST READS

Hey guys. I hope everyone had wonderful weekend! We just wrapped up our income tax filing for this year. Yay! I decided to publish this post on Sunday night because Monday I get to take the day off and go on a college visit with my oldest daughter. We’re checking out Southern Methodist University in Dallas. Yay! The day brings back some great memories for this SMU MBA (class of ’91). Go Mustangs! Here are some of the awesome reads I’ve come across these last few days:

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