Blog: Random Thoughts and Teaching
Welcome to our little corner of the Internet. Kick your feet up and stay awhile.
The topics might be different, but the destination is the same.
ARE YOU PREPARED FOR WHEN YOU NO LONGER OWN YOUR BUSINESS?
By Keith Okano |
To be prepared for when you no longer own your business, you need clear answers to two questions. What will I DO when I step away from the business? What will I NEED when I step away from the business? The question of DO is the most important. DO has to do with fulfilling your…
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WHY DO YOU PAY MINIMUM WAGE?
By Keith Okano |
Why do you pay minimum wage? This question is NOT a political statement and NOT even an economic one. By “minimum wage,” I refer to the compensation (e.g., hourly rate, salary, benefits, etc.) you pay to new employees. Minimum wage is a business strategy defined by your company, not just a reaction to regulation or…
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HERE’S HOW SYLVIA STARTED SIX SUCCESSFUL BUSINESSES!
By Keith Okano |
I recently had the blessing of speaking with Sylvia McNiel, a Mary Kay business owner. In our discussion, I was touched by the experience and wisdom of her words. Due to a series of moves around the U.S., Sylvia has successfully started six different businesses from scratch. Three times Sylvia’s business was successful enough to…
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THE DISCIPLINE OF MARKET LEADERS
By Keith Okano |
Successful businesses know precisely who their customers are, what they need, and how they want to receive their product or service. They also need to choose the correct strategy to maximize their value to the market. In The Discipline of Market Leaders, authors Michael Treacy and Fred Wiersema suggest that “No company can succeed today…
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AVOID IMPLEMENTING THE WRONG CULTURE
By Keith Okano |
Management guru Peter Drucker famously said “Culture eats strategy for breakfast,” and the race was on for consultants and coaches to help companies implement a winning culture. There are many stories of successes, but there are even more failures, often due to pursuing the wrong culture. Here are three examples of implementing the wrong culture.…
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LESSONS FROM A TV SHOW
By Keith Okano |
I enjoy watching the genre of reality TV programs where an expert helps owners fix their business. One show, “Restaurant: Impossible,” features an expert who helps a business owner turn around their restaurant with a budget of $10,000 and only 48 hours. Many aspects of the fix are glossed over in a one-hour show, but…
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