Startup Professionals Musings

FEBRUARY 3, 2021

As a long-time mentor to new entrepreneurs and business owners, I have noticed that many no longer associate more fulfillment and satisfaction with more money, power, and success. In fact, customers today also seem more attracted to companies with a higher purpose than profit. He enjoys the learning from these calculated risks.

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Startup Professionals Musings

SEPTEMBER 29, 2021

In my experience as an employee, up to an executive, in large companies as well as small, I’ve found that people who are consistently negative and complain are a big constraint on productivity, as well as the most difficult management problem that most business leaders face. Administer regular morale and satisfaction surveys.

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Startup Professionals Musings

JANUARY 2, 2019

Most of you aspiring entrepreneurs have no idea how dramatically your own role has to evolve as you develop a solution, start a business, and expect it to scale into a successful self-managed company. For example, I knew Bill Gates back in the early startup days of Microsoft. The team must handle daily tasks. Feel free to join us.

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Startup Professionals Musings

MARCH 2, 2022

A key influencer of satisfaction and motivation, top-ranked by employees, is positive progress and the completion of meaningful work. Negative leader behaviors affect work satisfaction for everyone. Managing and motivating a team in a startup is more than just using the right interpersonal skills.

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Startup Professionals Musings

AUGUST 23, 2021

Unfortunately, these goals are often mutually exclusive, and focusing on the wrong ones won’t bring you that business success and satisfaction you crave. For example, TOMS shoes agreed to donate a pair of shoes to the needy for every pair sold. His Virgin Group now encompasses over 400 companies, and his legacy as a leader is assured.

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Startup Professionals Musings

SEPTEMBER 25, 2020

Today, customers are looking for real relationships, a memorable shopping experience, and satisfaction of a higher purpose. For example, Tesla and Elon Musk have capitalized on the environmental benefits of electric vehicles, coupled with a more memorable shopping experience by eliminating dealers.

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Berkonomics

AUGUST 24, 2017

As my enterprise computer software company which produced innovative lodging systems for hotels and resorts grew quickly, we found ourselves straining to keep up with the hiring and training of good customer support representatives, a critical part of the equation then and still so today in the 24-hour environment of hotel front desk operations.

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Startup Professionals Musings

FEBRUARY 6, 2023

They ask me for a perspective on the pros and cons of that dream, the potential for increased satisfaction , and the probability of their long-term growth and success. The key to work satisfaction in the long-term is living your core values. Remember that people join companies, but they leave people.

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Startup Professionals Musings

DECEMBER 1, 2021

From his experience as a consultant with major brands, and as a Top 50 Keynote Speaker in the World, Simon outlines six key steps in moving your company to this new reality. The evidence is clear that companies that help people in need, and the environment, are paid back in revenue by the rest of us. Practice your agility.

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Startup Professionals Musings

OCTOBER 29, 2021

Studies have shown that work productivity is related to a happier work culture , and customer satisfaction and loyalty are also dependent on the culture. Here are the key elements I see: Make your company culture virtual. The stigma of a clunky desktop today can easily lower worker engagement and satisfaction.

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Startup Professionals Musings

JUNE 25, 2023

For example, many companies are fighting the remote work trend by bringing team members back to the office where they can better focus together on improving customer experience. You will see greater productivity, and employees will have a better experience and more satisfaction.

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Startup Professionals Musings

JULY 31, 2022

In fact, Conscious Capitalism companies, for example, historically have outperformed the S&P 500 index by a factor of ten. Establish vehicles, like a formal customer satisfaction program, to recognize and reward staff and customers for sharing what they can do to help you. Shared knowledge packaging (shareability).

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Startup Professionals Musings

NOVEMBER 26, 2022

For example, Bill Gates founded and grew Microsoft, and Michael Dell built a great technology company, both with no outside funding until they went successful enough to go public years later and sell shares to common stockholders. Explaining actions to investors takes time you don’t have.

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Startup Professionals Musings

MARCH 13, 2023

Everyone knows and admires a few trusted leaders in business, for example, Richard Branson , founder of Virgin Group and Warren Buffett , founder of Berkshire Hathaway. With fewer levels, people are incented to accept more accountability for their actions and get more personal satisfaction from their contributions to results.

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Startup Professionals Musings

JUNE 30, 2021

By definition, all of you entrepreneurs are leaders, by taking the initiative to start a new company. For example, a couple of years ago, Starbucks' CEO Kevin R. Johnson accepted full company accountability on Twitter for a racial profiling incident at a Starbucks in Philadelphia. The time to get started is now.

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Startup Professionals Musings

JULY 21, 2023

How will work productivity and quality be impacted, and what effect will it have on personal careers, job satisfaction, and work-life balance? In my experience, a great office culture will enhance every team member productivity, as well as personal satisfaction. Communicate your desire to achieve work-life balance for all team members.

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Startup Professionals Musings

DECEMBER 22, 2021

A winning linked focus example is to choose a higher purpose common to all cultures, such as protecting the environment, or helping the underprivileged. At every Ritz-Carlton , for example, employees are authorized to spend up to $2,000 per guest to solve any guest issue and make the stay positively memorable.

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Startup Professionals Musings

JUNE 23, 2021

For example, I commonly see metrics to keep track of revenue per employee, overtime, and absenteeism, but I don’t often see measures of overall customer satisfaction with individual employees. For example, a few years ago, TD Bank wanted to thank their customers in a memorable way for being their customers.

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Startup Professionals Musings

SEPTEMBER 25, 2022

Here are some examples from their book and my experience of the many indicators, challenges that entrepreneurs will probably recognize, which highlight the value and need for increased focus on the human element: Collaborative team sessions seem to drag on. Top team members rarely quit the company. Difficulties retaining key employees.

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Startup Professionals Musings

NOVEMBER 25, 2022

Thomas Edison is a classic example. He went on to start many successful companies, including General Electric. You will learn to recognize that some friends and colleagues are always downers, and get their satisfaction from snuffing out your aspirations through negative thinking. Don’t let anyone kill your dreams and passion.

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Startup Professionals Musings

APRIL 1, 2020

For example, Xerox tried to broaden the use of "xerox" as the standard term for "photocopying" to extend their existing customer segment into office automation and all kinds of computing. Companies in this realm typically are thought of as services business, even though they may offer product components as well.

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Startup Professionals Musings

MARCH 11, 2020

Thus if you want to change the world with your new business, you need to follow the example of startups like Zappos , which hires according to cultural fit first. Your team members follow your actions on integrity and follow-through, much more than any written company policy. Building morale is not a one-time task.

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Startup Professionals Musings

MARCH 18, 2020

For example, when I was with IBM, in an era where constant change was necessary to compete, we made job rotation and training a prerequisite for good performance ratings, so that team members sought change and new learning, rather than passively resisting. Set up training courses that highlight agility, and adopt agile working practices.

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Startup Professionals Musings

APRIL 6, 2022

These authors have enjoyed leadership positions in big companies, as well as small, and distill their advice from interviews with dozens of business owners of all sizes around the country. For example, a whole new level of communication skills is required. The new term I hear in this arena is work-life integration.

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Startup Professionals Musings

APRIL 8, 2019

Unfortunately, work and satisfaction have become an oxymoron in many businesses. I found many more helpful suggestions in a new book, “ The Culture Question ,” by Randy Grieser, Eric Stutzman, Wendy Loewen, and Michael Labun, who have spent years providing leadership and professional development training to companies around the world.

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Startup Professionals Musings

APRIL 27, 2022

Current examples include Conscious Capitalism® , popularized by John Mackey, The B Team , founded by Sir Richard Branson, the 1% for the Planet organization, and the Benefit Corporation (B Corp) now available in 35 States. Starting and running any business is hard work, so the last thing you need is “success” with no satisfaction.

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Startup Professionals Musings

NOVEMBER 5, 2022

As a business consultant with experience in large companies as well as startups, I often hear about dysfunctional management hierarchies, as well as the value provided by exceptional ones. These authors provide inside details of recent management experiments, as well as historical data from both successful and failed traditional companies.

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Startup Professionals Musings

SEPTEMBER 15, 2021

But very quickly, it is becoming obvious to startups that the value and satisfaction exceeds the costs. I believe this option will continue to spread to other companies, states and countries. More and more customers choose a company based on their perceptions about the good that they do, as well as the price and service.

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Tech.Co

DECEMBER 4, 2020

has a history with Tony, as he became an investor in the company in 2013, and built a lasting friendship with us as the Tech.co Tony was also our neighbor for 8 years in downtown Las Vegas, where the company grew its homebase and hosted monthly events for locals and visitors from around the world, with Hsieh’s Downtown Project.

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Startup Professionals Musings

AUGUST 27, 2021

As an advisor to new entrepreneurs and new ventures, I’m seeing a refreshing new focus by Millennials on work and successful new companies with a purpose, and more productivity through happy employees. There are many good articles which outline what these companies do right. Incremental – don’t aim for sweeping changes all at once.

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Startup Professionals Musings

JULY 16, 2022

We have all heard the examples of the great new company cultures, popularized by Google, Zappos, and Facebook, which seem to imply that company perks are the secret to success. Over 16 percent of workers are still actively disengaged , and half have left at least one job because they hated their boss.

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Startup Professionals Musings

JANUARY 1, 2021

Most business professionals I know will go to great lengths to take a neutral position on internal business conflicts, on the assumption that all conflict is bad for the company as well as their political future. Make sure the process is respectful of their needs as well as yours. Always postulate or support a win-win solution.

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Startup Professionals Musings

APRIL 29, 2023

For example, both need to provide exemplary customer service, build customer loyalty, and provide real value for a competitive price. Product companies sometimes equate customer satisfaction with customer service, but it’s more than that, especially with services. You have no shelf life, so you can’t make money while you sleep.

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Startup Professionals Musings

FEBRUARY 29, 2020

For example, Bill Gates founded and grew Microsoft, and Michael Dell built a great technology company, both with no outside funding until they went successful enough to go public years later and sell shares to common stockholders. Explaining actions to investors takes time you don’t have.

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Startup Satisfaction Venture Capital Entrepreneur 124

Startup Professionals Musings

FEBRUARY 8, 2023

For example, in my discussions with business owners, some have already used inflation positives to update their inventory values, take advantage of reduced mortgage rates, or simply making the price increases that they have long needed. We all need a shock from time to time, to get us thinking ahead again. Make it a win on all fronts.

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Startup Professionals Musings

AUGUST 14, 2023

Both ends of this spectrum fail to bring long-term satisfaction or success. For example, the handmade-item platform Etsy sponsors free entrepreneurship courses for underemployed and unemployed people, including assistance in setting up a store on Etsy, thus adding more artists and artisan sellers to their platform.

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Startup Professionals Musings

DECEMBER 16, 2022

It is no secret that the recent pandemic has exacerbated this problem as companies lost more and more of their employees due to illness, economic contraction, and voluntary resignations. For example, Patagonia donates one percent of their sales to environmental charities, and has a high sense of community.

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