Exit_Strategy

What’s Your Exit Strategy?

If you funded your startup through outside investment, then this question will come up at some point, “How do I get my money back?” So, what’s your exit strategy? You need to have something planned. You always hear about taking a company public with an initial public offering, or IPO. You put your company on…

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Talking “The Power of Failure”

Last week I was taking my annual trip to Napa Valley, checking to make sure the vines weren’t rotting (good news—everything still looks great!), when I got an unexpected phone call. It was Rush Limbaugh. Yes, that Rush Limbaugh. I’ve never met Rush before, and I’d never even spoken to him before. But everyone knows…

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How Do I Innovate?

In the business world, you hear all the time about how important it is to innovate. But when you get past the talk, how do you actually do it? Being innovative is really hard work! But to win more customers and outshine the competition, it’s a necessity. Adam Richardson, the author of Innovation X, described his thoughts on how…

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What We Can Learn from the World’s #1 Golfer

Earlier this week I read an article about Jordan Spieth that really resonated with me. It was a perfect example of what I think it takes to succeed in our world today. Jordan Spieth just completed one of the most remarkable seasons in the history of professional golf. He won 2 majors, 5 tournaments, the…

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Midweek Reading: Caution, Dedication, and Society

Business is about more than just making money. Tim Cook of Apple recently spoke about what he sees as the responsibility business has toward society. Martin Dempsey, the retiring Chairman of the Joint Chiefs of Staff, talks about maintaining a balance between caution and paralysis by analysis. Jordan Spieth just completed one of the most…

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Business Mentoring: Culture Means Empowerment

TJ Muehleman of Standard Code and We&Co equates culture with empowerment. What does that mean? As a leader, he wants to build a culture where everyone has the latitude—and the necessary tools—to take action and solve problems. While many think of ping-pong tables and beer in the fridge as examples of culture, TJ sees it…

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Insights from a Memory of My Father

Earlier this week I received a letter that stirred my soul. It was a message from a man I had never met, but he shared the story of how he met my father, Dallas Tarkenton, and how that meeting had affected his life. My father was a Methodist minister, and in his later years he…

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Preparing_For_Growth

NOWaccount: Preparing for Growth

For a small business owner, growth is very exciting—and also frightening at the same time. Many businesses fail because they bring on more growth than they are able to process or handle. In this video, NOWaccount President and CEO Lara Hodgson talks about how she prepared her company for growth to make sure the business…

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Why Giving is More Powerful Than Getting

It’s not about you. That’s the secret that every person needs to learn in business—it’s not about you. It’s about helping others, about putting what other people need ahead of what you want. The secret to business is providing value to your customers, not looking for ways to make money for yourself. To provide value…

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