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    Entrepreneurship as Your Passion
    Entrepreneurship has been my passion for as long as I can commit to memory to learning how to type, and that started in 5th grade! Strangely enough, I wasn’t raised around lots of business owners growing up in New Jersey nor surrounded by many business-minded individuals.Initially, my passion was expressed through the notion that extra money can be made while working a corporate job. There are several reasons why people become entrepreneurs: to be able to save up for their children’s college education, pay off bills, buy a house, to have the flexibility of setting their own hours, and more importantly to become the boss of their destiny.Entrepreneurship as your passion truly opens doors to numerous areas of interests. In my mind, being an entrepreneur is like flying a plane without a destination; meaning, it’s endless in terms of what you accomplish, how successful you become, and what truly makes you blissful on a day-to-day basis.Whether your passion is crocheting sweaters, selling ice cream from a truck to running a corporation, it’s all about feeling great at what you’re doing and reaching your personal success. Your passion is something that you feel comfortable, secure and knowledgeable with and it’s the excitement that keeps you working a 50-hour workweek with a smile on your face. It’s the fulfillment of dodging all the office drama that comes with working the traditional 9 to 5.If you’ve had thoughts of becoming your own boss, but nervous with taking steps towards entrepreneurship, research yo
    t is not only important that the President knows what the CFO and the COO are doing but he must also know what they intend to do under every circumstance. Once those determinations are made, the employees deserve to know what is planned if they are expected to execute with precision. People need a keen sense of trust and a feeling of being part of the plan. The communication network should connect all employees. Everyone needs to be a part of the overall plan. Miscommunication, rumors and garbled messages cause conflict and distrust. Don’t settle for second rate communication, it’s too critical to success. If you avoid informing all your employees, specifically on matters that affect their lives, you are playing with fire. This kind of action breeds resentment, mistrust and paranoia.

    “Be aware that the single greatest problem with communication is the illusion that it has been achieved”----unknown.

    We all communicate daily. We practice communicating daily, yet experience confirms that most often we fail to communicate effectively. Add to that obstacle the fact that you are facing difficult economic times and the challenge of communicating effectively seems over whelming.

    Why do we have problems communicating?

    • We are always in a hurry

    • We do not listen well

    • We are afraid to ask questions

    • We don’t seek feedback or provide it

    • We use unclear words or symbols

    • We do not have the trust and respect of the person we are communicating with

    • We fail to anticipate

    Difficulty in communications is enhanced when you are involved in crisis situations or adversity of some nature. A restructuring certainly qualifies under those guidelines. In normal times communication is d

    Bad Interview: How A Bad Interview or Bad Interviewer Can Effect You
    Not all interviewers know what they are doing.Interviewing is not an easy task and not all people conducting interviews will come across as well as others.It’s easy to get turned off during an interview if the interviewer shows up late and doesn’t seem to care, doesn’t appear to have read your resume in advance or worse, if they forget they are even doing the interview with you and are surprised when you show up!I’ve seen this happen before.Sometimes, events that occur during the interview can leave you with a bad impression of the company and can cause you to question whether or not you want to work for them.The important part is to put the events in context. In the examples I gave above, perhaps the interviewer has been very busy and simply made a mistake not preparing enough for your interview with them. That’s not a good excuse, but keep this in mind.Plus, if the interviewer is not the person you’d be working for (ie. they aren’t the hiring manager) remember that you may have little to no regular contact with this person if you were hired. It’s the hiring manager who you want to pay particular attention to since you’ll actually be working for that person.The thing to remember with an interview is that it’s a two-way street:You’re trying to sell yourself to the employer.The employer should be trying to sell themselves to you, too.Don’t make a mountain out of a molehill but don’t ignore obvious signs that lead you to believe that the compa
    Next to people, communication is the most critical element to success whether you are in a growth mode or you are facing difficult economic times. However, when times are tough, failure to communicate has much greater consequences. Failure to communicate could accelerate failure . Communication is essential to developing trust. Trust is necessary to get people to reach down deep inside and give everything they have under the most difficult circumstances.

    Colin Powell stated in an interview that as a young twenty-one year old lieutenant he was still trying to figure out the whole concept of mission and people when a crusty old Master Sergeant said to him:

    “Let me make it clear for you, Lieutenant, so that you never ever doubt again what leadership is all about. Now, listen carefully. I ain’t gonna repeat it. A good leader is someone whose troops will follow him, if only out of curiosity."

    The reason people follow any leader, especially in the business world, is due to trust. The only way to develop trust is through communication. You have to talk to people with respect to gain their respect. You need their respect if you are going to develop their trust. You gain trust when people think you care as much about their welfare as you do your own. People have to think that you not only care about their problems but that you will make every effort to solve them. This is an especially difficult task when the economy isn’t cooperating and you have eliminated jobs. That is one of the reasons that it is critical to act quickly and swiftly when implementing restructuring plans during tough economic times. It is not only important to create a big enough shock wave to immobilize the old culture, but you have to convince the survivors that they are the keepers and you will all succeed together. Leaders are respected for discipline. Survivors will recognize if you gain their respect, that terminating people is part of the job. They Will view your decision as a sacrifice of part to protect the whole. Choice is critical. Employees that are C players must not make the cut. Removing non-contributors and disruptions due to poor performance is in fact to their benefit.

    WARNING---Do not under any circumstances keep an employee that is obviously a non-performer due to politics, tenure or relationship with the owner or anyone on the executive staff. This can countermand every honest effort and sincere communication made. It also sends a message of a lack of honesty.

    Employees want to take pride in their leaders. They are eager to give their trust if you demonstrate the kind of character as a leader that deserves that trust. Don’t let the employees down. Character is built around a true concern for the people within the organization. It is based on fairness and consistency.

    The effectiveness of a true leader is not measured in terms of the leadership he or she exercises. It is measured in the leadership evoked. It is not measured in terms of power over his subordinates but in terms of the power he releases in his subordinates. Leadership is not measured in terms of goals and objectives but it is measured in terms of the accomplishment of others as a result of that leadership. Leadership is not measured in the decisions made, the costs cut, the plans made. It is measured in terms of the growth in confidence, sense of responsibility and acceptance of accountability of the employees that are a result of that leadership.

    “The final test of a true leader is that they leave behind in others the conviction and will to carry on.”

    Leadership and communication are intertwined. They go together. Leadership without communication is like a gun without a bullet. It may look impressive, but it can’t do anything. Leadership and communication help create solidarity. Solidarity implies a unity within a group that enables it to manifest its strength and exert its influence as a group. Unity implies oneness, especially of what is varied or diverse in its direction or clarity. This is particularly true when a business is struggling for survival. Unity describes the inner relationships of individual parts making up the whole. It is an achievement that demands the probability of action and leadership. That action, that leadership, if appropriate and precise, leads to trust.

    The very first step required after a restructuring process is mass communication. It may be virtually impossible, as President or CEO or COO to get out in the field and talk to every employee face to face. Although that should be a priority follow up during the coarse of the year. An acceptable alternative to reach every employee is tele-conferenceing. However, most companies are not set up for that process. A second alternative is the production of a video tape presentation to every employee simultaneously. Mandatory viewing of every employee at a preselected time is essential. The video should send a positive message addressing the following issues.

    • Reasons behind restructuring

    • Future objectives

    • Commitment to success

    • Discussion of survivors and honesty of future actions

    • Motivational teamwork discussion

    • Framework for future communications

    • Discussion of trust and values

    • Answering questions posed by employees (at least 30 preselected questions and others asked by panel of employees)

    It is a good idea to solicit ahead of time questions to be asked by employees. These questions are the heart of what’s now on the employee’s mind. Do not duck the tough ones. The employees will know and you will lose respect and trust. Face the issues head on with honesty. Supervisors can generate these questions from the employees company wide and submit them for review. Every question does not have to be addressed, but the most relevant to the employees must not be ignored. The answers need to be rehearsed ahead of time. The President facilitates this Q & A session but can direct different members of his executive staff to provide the answers. A hand picked group of line employees should be selected to ask these questions of the executive staff on tape. The tape can be edited to insure a positive message. However, honesty and integrity must be preserved. This is only the first step. Answers must be open, honest, sincere and complete. This is the very first opportunity since the restructuring announcement to demonstrate leadership, respect and trust.

    Communication is the breath of life, the first spark in leadership. Communication will hold the company together. Nothing else is so crucial to survival and solidarity. It is especially important that the message is consistent throughout the management team. As important is the demonstration of respect, trust and leadership. However, no one factor plays a more precious role in building and preserving that trust amongst the employees which is a signifying determination of leadership than communication. It is a make or break issue.

    It is not only important that the President knows what the CFO and the COO are doing but he must also know what they intend to do under every circumstance. Once those determinations are made, the employees deserve to know what is planned if they are expected to execute with precision. People need a keen sense of trust and a feeling of being part of the plan. The communication network should connect all employees. Everyone needs to be a part of the overall plan. Miscommunication, rumors and garbled messages cause conflict and distrust. Don’t settle for second rate communication, it’s too critical to success. If you avoid informing all your employees, specifically on matters that affect their lives, you are playing with fire. This kind of action breeds resentment, mistrust and paranoia.

    “Be aware that the single greatest problem with communication is the illusion that it has been achieved”----unknown.

    We all communicate daily. We practice communicating daily, yet experience confirms that most often we fail to communicate effectively. Add to that obstacle the fact that you are facing difficult economic times and the challenge of communicating effectively seems over whelming.

    Why do we have problems communicating?

    • We are always in a hurry

    • We do not listen well

    • We are afraid to ask questions

    • We don’t seek feedback or provide it

    • We use unclear words or symbols

    • We do not have the trust and respect of the person we are communicating with

    • We fail to anticipate

    Difficulty in communications is enhanced when you are involved in crisis situations or adversity of some nature. A restructuring certainly qualifies under those guidelines. In normal times communication is di

    15 Sure-Fire Yellow Page Headlines Guaranteed to Get Attention
    I’ve been advising and counseling businesses on their Yellow Page advertising since 1976. During that period, I’ve placed ads in every media imaginable and consulted to over 7000 businesses. With those credentials, I feel capable and confident in recommending the easiest way to achieve a more successful marketing program. Whether it’s a newspaper, magazine, Yellow Page ad, or direct mailer, the headline is always king. It not only is the first thing seen, it sets the tone for the entire promotion that follows. Yet creating one, is the critical procedure that’s often overlooked.I’ve seen the typical “Tire Experts,” or the “Low-Cost Leaders,” enough to fall soundly asleep. Every business assumes they have the best service or products at the best prices. If that is the case, then why shop and compare at all? After all, logic says that any company can provide the best item at the lowest cost. If all consumers are only concerned with these two issues, then why ever discuss anything else?But we know that this supposition is wrong. Marketing focus groups have proven that buyers are also interested in guarantees, longevity, brand names, style, fashion, convenience, ease-of-use, prompt and courteous service, and a multitude of other factors. Therefore, why not tap into their actual needs and wants? That is the primary responsibility of a business anyway; to fill a need. Of course, one can also create a need where one didn’t exist before.For instance, a pest control company may tout their, “environmental-friendly” chemi
    ivors that they are the keepers and you will all succeed together. Leaders are respected for discipline. Survivors will recognize if you gain their respect, that terminating people is part of the job. They Will view your decision as a sacrifice of part to protect the whole. Choice is critical. Employees that are C players must not make the cut. Removing non-contributors and disruptions due to poor performance is in fact to their benefit.

    WARNING---Do not under any circumstances keep an employee that is obviously a non-performer due to politics, tenure or relationship with the owner or anyone on the executive staff. This can countermand every honest effort and sincere communication made. It also sends a message of a lack of honesty.

    Employees want to take pride in their leaders. They are eager to give their trust if you demonstrate the kind of character as a leader that deserves that trust. Don’t let the employees down. Character is built around a true concern for the people within the organization. It is based on fairness and consistency.

    The effectiveness of a true leader is not measured in terms of the leadership he or she exercises. It is measured in the leadership evoked. It is not measured in terms of power over his subordinates but in terms of the power he releases in his subordinates. Leadership is not measured in terms of goals and objectives but it is measured in terms of the accomplishment of others as a result of that leadership. Leadership is not measured in the decisions made, the costs cut, the plans made. It is measured in terms of the growth in confidence, sense of responsibility and acceptance of accountability of the employees that are a result of that leadership.

    “The final test of a true leader is that they leave behind in others the conviction and will to carry on.”

    Leadership and communication are intertwined. They go together. Leadership without communication is like a gun without a bullet. It may look impressive, but it can’t do anything. Leadership and communication help create solidarity. Solidarity implies a unity within a group that enables it to manifest its strength and exert its influence as a group. Unity implies oneness, especially of what is varied or diverse in its direction or clarity. This is particularly true when a business is struggling for survival. Unity describes the inner relationships of individual parts making up the whole. It is an achievement that demands the probability of action and leadership. That action, that leadership, if appropriate and precise, leads to trust.

    The very first step required after a restructuring process is mass communication. It may be virtually impossible, as President or CEO or COO to get out in the field and talk to every employee face to face. Although that should be a priority follow up during the coarse of the year. An acceptable alternative to reach every employee is tele-conferenceing. However, most companies are not set up for that process. A second alternative is the production of a video tape presentation to every employee simultaneously. Mandatory viewing of every employee at a preselected time is essential. The video should send a positive message addressing the following issues.

    • Reasons behind restructuring

    • Future objectives

    • Commitment to success

    • Discussion of survivors and honesty of future actions

    • Motivational teamwork discussion

    • Framework for future communications

    • Discussion of trust and values

    • Answering questions posed by employees (at least 30 preselected questions and others asked by panel of employees)

    It is a good idea to solicit ahead of time questions to be asked by employees. These questions are the heart of what’s now on the employee’s mind. Do not duck the tough ones. The employees will know and you will lose respect and trust. Face the issues head on with honesty. Supervisors can generate these questions from the employees company wide and submit them for review. Every question does not have to be addressed, but the most relevant to the employees must not be ignored. The answers need to be rehearsed ahead of time. The President facilitates this Q & A session but can direct different members of his executive staff to provide the answers. A hand picked group of line employees should be selected to ask these questions of the executive staff on tape. The tape can be edited to insure a positive message. However, honesty and integrity must be preserved. This is only the first step. Answers must be open, honest, sincere and complete. This is the very first opportunity since the restructuring announcement to demonstrate leadership, respect and trust.

    Communication is the breath of life, the first spark in leadership. Communication will hold the company together. Nothing else is so crucial to survival and solidarity. It is especially important that the message is consistent throughout the management team. As important is the demonstration of respect, trust and leadership. However, no one factor plays a more precious role in building and preserving that trust amongst the employees which is a signifying determination of leadership than communication. It is a make or break issue.

    It is not only important that the President knows what the CFO and the COO are doing but he must also know what they intend to do under every circumstance. Once those determinations are made, the employees deserve to know what is planned if they are expected to execute with precision. People need a keen sense of trust and a feeling of being part of the plan. The communication network should connect all employees. Everyone needs to be a part of the overall plan. Miscommunication, rumors and garbled messages cause conflict and distrust. Don’t settle for second rate communication, it’s too critical to success. If you avoid informing all your employees, specifically on matters that affect their lives, you are playing with fire. This kind of action breeds resentment, mistrust and paranoia.

    “Be aware that the single greatest problem with communication is the illusion that it has been achieved”----unknown.

    We all communicate daily. We practice communicating daily, yet experience confirms that most often we fail to communicate effectively. Add to that obstacle the fact that you are facing difficult economic times and the challenge of communicating effectively seems over whelming.

    Why do we have problems communicating?

    • We are always in a hurry

    • We do not listen well

    • We are afraid to ask questions

    • We don’t seek feedback or provide it

    • We use unclear words or symbols

    • We do not have the trust and respect of the person we are communicating with

    • We fail to anticipate

    Difficulty in communications is enhanced when you are involved in crisis situations or adversity of some nature. A restructuring certainly qualifies under those guidelines. In normal times communication is d

    Used Farm Equipment: A Farmer's Vintage Collection
    Ever wondered why antiques are so expensive and valuable? This is because they are commonly known as the representation of a specific era with its distinguishing style and design. It is not surprising why antiques are important to anxious collectors who of different antiques from across the globe. Among the several antique home equipment available, furnitures are mostly sought. However, a farm equipment can also become a classic and an antique. You might be surprised to know that a used farm equipment such as used tractors can gain value as that of vintage cars.By valuing the antique product, people also value the importance of its era. For, antiques are things created during a certain era -- making it more or less a hundred years old. Of course, it is not necessary for an object to reach a hundred years before it gains reverence and value. The furniture or product just needs a simple touch of a certain character from a certain era. Then, it can be considered a classic. What is a classic? It goes beyond time. Antiques are classic; they are priceless. But antiques are more on the context of style and design, while a classic focuses more on the aspect of time only. Let's take the case of a classic car. You see, a vintage car is the most famous collection of most affluent people. What is more important in vintage cars is their design and style than their engines. People usually change the car engines and retain its outside and interior design. However, the case is different with that of a farm equipment.A farmer needs t
    leader is that they leave behind in others the conviction and will to carry on.”

    Leadership and communication are intertwined. They go together. Leadership without communication is like a gun without a bullet. It may look impressive, but it can’t do anything. Leadership and communication help create solidarity. Solidarity implies a unity within a group that enables it to manifest its strength and exert its influence as a group. Unity implies oneness, especially of what is varied or diverse in its direction or clarity. This is particularly true when a business is struggling for survival. Unity describes the inner relationships of individual parts making up the whole. It is an achievement that demands the probability of action and leadership. That action, that leadership, if appropriate and precise, leads to trust.

    The very first step required after a restructuring process is mass communication. It may be virtually impossible, as President or CEO or COO to get out in the field and talk to every employee face to face. Although that should be a priority follow up during the coarse of the year. An acceptable alternative to reach every employee is tele-conferenceing. However, most companies are not set up for that process. A second alternative is the production of a video tape presentation to every employee simultaneously. Mandatory viewing of every employee at a preselected time is essential. The video should send a positive message addressing the following issues.

    • Reasons behind restructuring

    • Future objectives

    • Commitment to success

    • Discussion of survivors and honesty of future actions

    • Motivational teamwork discussion

    • Framework for future communications

    • Discussion of trust and values

    • Answering questions posed by employees (at least 30 preselected questions and others asked by panel of employees)

    It is a good idea to solicit ahead of time questions to be asked by employees. These questions are the heart of what’s now on the employee’s mind. Do not duck the tough ones. The employees will know and you will lose respect and trust. Face the issues head on with honesty. Supervisors can generate these questions from the employees company wide and submit them for review. Every question does not have to be addressed, but the most relevant to the employees must not be ignored. The answers need to be rehearsed ahead of time. The President facilitates this Q & A session but can direct different members of his executive staff to provide the answers. A hand picked group of line employees should be selected to ask these questions of the executive staff on tape. The tape can be edited to insure a positive message. However, honesty and integrity must be preserved. This is only the first step. Answers must be open, honest, sincere and complete. This is the very first opportunity since the restructuring announcement to demonstrate leadership, respect and trust.

    Communication is the breath of life, the first spark in leadership. Communication will hold the company together. Nothing else is so crucial to survival and solidarity. It is especially important that the message is consistent throughout the management team. As important is the demonstration of respect, trust and leadership. However, no one factor plays a more precious role in building and preserving that trust amongst the employees which is a signifying determination of leadership than communication. It is a make or break issue.

    It is not only important that the President knows what the CFO and the COO are doing but he must also know what they intend to do under every circumstance. Once those determinations are made, the employees deserve to know what is planned if they are expected to execute with precision. People need a keen sense of trust and a feeling of being part of the plan. The communication network should connect all employees. Everyone needs to be a part of the overall plan. Miscommunication, rumors and garbled messages cause conflict and distrust. Don’t settle for second rate communication, it’s too critical to success. If you avoid informing all your employees, specifically on matters that affect their lives, you are playing with fire. This kind of action breeds resentment, mistrust and paranoia.

    “Be aware that the single greatest problem with communication is the illusion that it has been achieved”----unknown.

    We all communicate daily. We practice communicating daily, yet experience confirms that most often we fail to communicate effectively. Add to that obstacle the fact that you are facing difficult economic times and the challenge of communicating effectively seems over whelming.

    Why do we have problems communicating?

    • We are always in a hurry

    • We do not listen well

    • We are afraid to ask questions

    • We don’t seek feedback or provide it

    • We use unclear words or symbols

    • We do not have the trust and respect of the person we are communicating with

    • We fail to anticipate

    Difficulty in communications is enhanced when you are involved in crisis situations or adversity of some nature. A restructuring certainly qualifies under those guidelines. In normal times communication is d

    Is Your Door Really Open - Or Just Blowing in the Wind?
    How many of us know managers who proudly proclaim their open-door policy? Although I have no scientific evidence, I believe that those who claim most loudly that they have an open-door policy have employees who use it the least.The little white truth is … to have an open door policy means information must flow freely out of that open door before information can flow into that open door.The leader who wants to have open dialogue with his employees needs to view sharing information as an opportunity rather than a burden. Having an open door policy means fostering open dialogue with a free exchange of information, especially on the most important issues, where direct reports and people throughout the organization need to be solicited regularly for information.The following steps will help develop a true open door policy.1. Keep people well informed. Share appropriate information with everyone who could benefit from this knowledge. Executives love reports that deliver a scoreboard of how their responsibilities are performing. Why not share it with everyone involved? The more you can link your strategic priorities with the goals of everyone contributing to the success of those priorities, the better you create buy-in and dialogue by letting them know how performance relates to the strategic goals. Look at your manager meetings. Most manager meetings I’ve attended consisted of multiple hours of department heads defending themselves or offering excuses, reasons, or causes of falling short of expectations. Seld
    trust and values

    • Answering questions posed by employees (at least 30 preselected questions and others asked by panel of employees)

    It is a good idea to solicit ahead of time questions to be asked by employees. These questions are the heart of what’s now on the employee’s mind. Do not duck the tough ones. The employees will know and you will lose respect and trust. Face the issues head on with honesty. Supervisors can generate these questions from the employees company wide and submit them for review. Every question does not have to be addressed, but the most relevant to the employees must not be ignored. The answers need to be rehearsed ahead of time. The President facilitates this Q & A session but can direct different members of his executive staff to provide the answers. A hand picked group of line employees should be selected to ask these questions of the executive staff on tape. The tape can be edited to insure a positive message. However, honesty and integrity must be preserved. This is only the first step. Answers must be open, honest, sincere and complete. This is the very first opportunity since the restructuring announcement to demonstrate leadership, respect and trust.

    Communication is the breath of life, the first spark in leadership. Communication will hold the company together. Nothing else is so crucial to survival and solidarity. It is especially important that the message is consistent throughout the management team. As important is the demonstration of respect, trust and leadership. However, no one factor plays a more precious role in building and preserving that trust amongst the employees which is a signifying determination of leadership than communication. It is a make or break issue.

    It is not only important that the President knows what the CFO and the COO are doing but he must also know what they intend to do under every circumstance. Once those determinations are made, the employees deserve to know what is planned if they are expected to execute with precision. People need a keen sense of trust and a feeling of being part of the plan. The communication network should connect all employees. Everyone needs to be a part of the overall plan. Miscommunication, rumors and garbled messages cause conflict and distrust. Don’t settle for second rate communication, it’s too critical to success. If you avoid informing all your employees, specifically on matters that affect their lives, you are playing with fire. This kind of action breeds resentment, mistrust and paranoia.

    “Be aware that the single greatest problem with communication is the illusion that it has been achieved”----unknown.

    We all communicate daily. We practice communicating daily, yet experience confirms that most often we fail to communicate effectively. Add to that obstacle the fact that you are facing difficult economic times and the challenge of communicating effectively seems over whelming.

    Why do we have problems communicating?

    • We are always in a hurry

    • We do not listen well

    • We are afraid to ask questions

    • We don’t seek feedback or provide it

    • We use unclear words or symbols

    • We do not have the trust and respect of the person we are communicating with

    • We fail to anticipate

    Difficulty in communications is enhanced when you are involved in crisis situations or adversity of some nature. A restructuring certainly qualifies under those guidelines. In normal times communication is d

    Term Life Insurance for Business Owners or Key Executives
    Starting a business is a stressful endeavor. There is so much to consider regarding basic operations and so many forms to fill out and papers to file. It is truly a wonder that businesses are able to get off the ground at all. If you are a new business owner, you know that insurance of all types is very much part of the equation in the development and opening of your business. However busy you are with the basic operations of business, you must take time out to implement a strategy to keep your business secure. To be sure, an essential ingredient to this security is taking out “key person” insurance (also known as Business Life Insurance).Key person term life insurance is taken out on the life of the key executive or the business owner. All firms or small businesses depend on the key people or business owner to manage and keep the business running. These head people are critical for the success of the business and therefore the insurance is actually taken out for the benefit of the business. Businesses take out the policy on the key individuals and so the business also pays for the policy premiums. The monies that are paid to the business upon the death of the key executive or business owner allows that firm or business the time to figure out what direction to take. Those left to run the business can strategize as to how they can save the business. Will they hire a new head executive? Will they restructure operations? Will they need to eventually sell off assets or sell of the business altogether? What debts need to
    t is not only important that the President knows what the CFO and the COO are doing but he must also know what they intend to do under every circumstance. Once those determinations are made, the employees deserve to know what is planned if they are expected to execute with precision. People need a keen sense of trust and a feeling of being part of the plan. The communication network should connect all employees. Everyone needs to be a part of the overall plan. Miscommunication, rumors and garbled messages cause conflict and distrust. Don’t settle for second rate communication, it’s too critical to success. If you avoid informing all your employees, specifically on matters that affect their lives, you are playing with fire. This kind of action breeds resentment, mistrust and paranoia.

    “Be aware that the single greatest problem with communication is the illusion that it has been achieved”----unknown.

    We all communicate daily. We practice communicating daily, yet experience confirms that most often we fail to communicate effectively. Add to that obstacle the fact that you are facing difficult economic times and the challenge of communicating effectively seems over whelming.

    Why do we have problems communicating?

    • We are always in a hurry

    • We do not listen well

    • We are afraid to ask questions

    • We don’t seek feedback or provide it

    • We use unclear words or symbols

    • We do not have the trust and respect of the person we are communicating with

    • We fail to anticipate

    Difficulty in communications is enhanced when you are involved in crisis situations or adversity of some nature. A restructuring certainly qualifies under those guidelines. In normal times communication is difficult in itself due to our individual physic and motivations. In a two-way conversation between you and someone else, there are virtually six people involved.

    1. ME--- AS I SEE ME

    2. ME ---AS YOU SEE ME

    3. YOU---AS I SEE YOU

    4. YOU---AS YOU SEE YOU

    5. ME---AS I REALLY AM

    6. YOU---AS YOU REALLY ARE

    Listening skills are especially important. Proof that you are listening is in your actions. Don’t ask someone if they understand. Ask them what they are going to do. Listening should dominate your interaction with your employees. Distractions need to be removed. Trust must be developed. You must have a sincere desire to understand. You must be aware of individual needs. Be attentive and don’t assume anything. Ask for explanations. Don’t interrupt because you want to talk. Try to keep an open mind. Be compassionate and don’t react too quickly. Avoid talking about yourself. These are the basic rules of communication.

    Leading the restructuring process is not a cakewalk. You really need to determine who the real players are. You need to understand what you can really ask of employees during these times. Be careful of misplaced or misdirected loyalty. Be careful of false loyalty. There are limits. You need maximum loyalty from your employees during this restructuring. Make sure you know who you can trust. Besides loyalty and equally important is the need for a high commitment to the job. A willingness to hang tough. Commitment demonstrated by the leader can lead to commitment by the employee. Commitment is self-nourishing and it gives meaning to work. Employees will look to you first to measure your level of commitment. They want to take your pulse. They want to believe in you. They need a leader they can follow. It’s imperative that you show no signs of weakness and you don’t let them down. This goes for the entire executive staff.

    Employee commitment will soar if you and your executive staff demonstrate a passion for success. Excitement breeds excitement. Success breeds success, the more consuming your desire to fix things, the more you demonstrate leadership and draw support from your employees. You, as President, CEO, COO and your executive staff set the stage. If your company fails, chances are you did not set the proper environment for success. (Create an attitude, Structure an environment, Develop your team) Your intensity, your focus, your drive and your dedication along with these same attributes from your executive staff are the determinants of the level of commitment and the level of respect you get from your employees. Commitment won’t survive if leadership doesn’t exist and respect disintegrates. You must be proactive and publicly demonstrate leadership, confidence and commitment.

    “If you lead through fear and authority you will have little to respect; but if you lead through confidence, commitment and respect you will have little to fear.”--Roosevelt

    It is important to deliver a message of renewed life to your employees. Come up with an acronym that reflects the new strategy. “A new Vehicle for Success.” “The New XYZ Company Way.”

    A COMMON FALLACY-----HAVE ALL THE ANSWERS

    A mistake many leaders make during the restructuring process is the self imposed responsibility to have all the answers. This is just not true. It is okay to admit to not having all the answers. Good leaders are willing to show their imperfections. Surround yourself with a solid executive team and you don’t need all the answers. No one expects perfection, just leadership. Being President doesn’t grant you supreme knowledge.

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