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  • Suggest You - How to Avoid Making a Bad Hiring Decision

    Fund Raising - Improve Your Chances
    Fund raising is not quite as easy as the papers would have you believe. However, the odds are improved if you approach it in a methodical way.1. Preparatory Stage1.1 Understand the business fully and carry out some preliminary due diligence work. Highlight any obvious aspects of the business which could affect a successful fund raising or the price to be achieved.1.2 Review the market to identify the best areas to raise funds. This will depend on the amounts involved and the market sector.1.3 Prepare an information memorandum which presents the opportunity attractively to prospective investors. This document is to sell the opportunity and prompt face-to-face meetings with decision makers from potential investors. This tends to cover the following areas:· The Market· The Product· Th
    t it done. Experience doesn't necessarily translate in a leveragable way from job to job, or from objective to objective, because the value of experience is context dependant. How someone achieves objectives is highly leveragable and translatable from job to job, and from objective to objective, because the value of how they produced results (work methodology combined with skills & abilities employed) is much less context dependant.

    For example, if you drop an executive with the experience of successfully growing a company's revenue from $30M to $70M in 3 years, does that mean the same executive will be able to accomplish the same objective is you drop them into a similar company in a similar industry? Absolutely not. If the objec

    Lessons Learned from Successful Entrepreneurs
    Entrepreneurs are a special breed of high achievers. They create things, get things started: businesses, clubs, churches, associations, even nations. Their motivations vary. Not all want to be rich. Not all want to produce a Fortune 500 company. Some are motivated by pleasure or civic pride or the desire for fame. Mary Madden, president of Information America, told me she and Burton Goldstein started their company because it gave them freedom and flexibility.Entrepreneurs see a world that is incomplete. It probably does not yet have what they intend to create. If it does, it needs something else they just thought of.They differ markedly from one another. But there are similarities. One of the most prominent similarities is the ability to perceive clearly. The ability to perceive clearly is important to many high achievers, but essen
    It is amazing how many executives, at one point or another, feel they have made bad hiring decisions. I'm not talking about hiring an executive who has fraudulently misrepresented their career accomplishments or capabilities either. I'm talking about hiring great executives with well substantiated track record of success that simply did not work out in the present role they were recruited into.

    How does this happen?

    It happens quite simply as a result of human nature; we like to interact with and work around people we like. This typically leads to disastrous hiring decisions based on simply looking for executives that have the same or relevant industry experience who have held similar scope & scale of responsibilities to the role you're trying to fill with whom you enjoy talking to and as a result like being around.

    What typically precedes a bad hiring decision is:

  • Failure to define the - specific - measurable responsibilities of a role in detail.
  • Failure to define the - specific - measurable business objectives the role is expected to achieve.
  • Failure to define the business ROI associated with achieving the - specific - measurable business objectives the role is expected to achieve.
  • Failure to define the - specific - executive and functional skills and abilities required to achieve each objective.
  • Failure to interview candidates for the presence of each - specific - skill and ability by forcing them to share - specific - examples of how they have successfully achieved similar objectives, or identifying that they leveraged the same requisite skill, ability and experience to drive a different objective.
  • Ultimately, enjoying dynamic, intellectually stimulating or charismatic conversation with a candidate is irrelevant to making a solid hiring decision and combining this solely with the criteria that a candidate simply possesses relevant industry experience and successful track records in similar scope & scale of responsibility roles is insufficient criteria for making a good solid hiring decision.

    Why is simply possessing a relevant positive track record of - experience - in similar scope & scale of responsibility roles insufficient criteria?

    From a career perspective, your experience is simply - what - you have done. What you have done says absolutely nothing about - how - you got it done (work methodology combined with skills & abilities employed). Two people can produce the same outcome through completely different methods, which effectively translates into each of those individuals having - the same experience. People produce outcomes, results, and achieve objectives by leveraging their skills and abilities. Experience simply provides a context and/or relevant common sense when leveraging your skills and abilities (i.e., it is an either you have it or you don't "check in the box").

    What someone has done isn't nearly as important as how they got it done. Experience doesn't necessarily translate in a leveragable way from job to job, or from objective to objective, because the value of experience is context dependant. How someone achieves objectives is highly leveragable and translatable from job to job, and from objective to objective, because the value of how they produced results (work methodology combined with skills & abilities employed) is much less context dependant.

    For example, if you drop an executive with the experience of successfully growing a company's revenue from $30M to $70M in 3 years, does that mean the same executive will be able to accomplish the same objective is you drop them into a similar company in a similar industry? Absolutely not. If the object

    Computer Consulting: Should You Buy A Franchise?
    You can approach the decision whether or not to buy a franchise in many different ways. There are many pros and many cons with franchise organizations. In this article, we'll explore the pros and cons with franchise organizations in computer consulting.The Proso You get the trappings of being part of a larger company. o You get a peer support network that's built into the organization. o You get a lot of tools and resources. o You have people to go to with problems.The ConsThere is a flip side to each of these. The biggest drawback for many computer consulting entrepreneurs is that there is a substantial capital investment to get started. Plus, you'll be paying a percentage of your revenue or profit each month (a royalty) to the franchiser. On top of that, there will be some restrictions on what you can
    ole you're trying to fill with whom you enjoy talking to and as a result like being around.

    What typically precedes a bad hiring decision is:

  • Failure to define the - specific - measurable responsibilities of a role in detail.
  • Failure to define the - specific - measurable business objectives the role is expected to achieve.
  • Failure to define the business ROI associated with achieving the - specific - measurable business objectives the role is expected to achieve.
  • Failure to define the - specific - executive and functional skills and abilities required to achieve each objective.
  • Failure to interview candidates for the presence of each - specific - skill and ability by forcing them to share - specific - examples of how they have successfully achieved similar objectives, or identifying that they leveraged the same requisite skill, ability and experience to drive a different objective.
  • Ultimately, enjoying dynamic, intellectually stimulating or charismatic conversation with a candidate is irrelevant to making a solid hiring decision and combining this solely with the criteria that a candidate simply possesses relevant industry experience and successful track records in similar scope & scale of responsibility roles is insufficient criteria for making a good solid hiring decision.

    Why is simply possessing a relevant positive track record of - experience - in similar scope & scale of responsibility roles insufficient criteria?

    From a career perspective, your experience is simply - what - you have done. What you have done says absolutely nothing about - how - you got it done (work methodology combined with skills & abilities employed). Two people can produce the same outcome through completely different methods, which effectively translates into each of those individuals having - the same experience. People produce outcomes, results, and achieve objectives by leveraging their skills and abilities. Experience simply provides a context and/or relevant common sense when leveraging your skills and abilities (i.e., it is an either you have it or you don't "check in the box").

    What someone has done isn't nearly as important as how they got it done. Experience doesn't necessarily translate in a leveragable way from job to job, or from objective to objective, because the value of experience is context dependant. How someone achieves objectives is highly leveragable and translatable from job to job, and from objective to objective, because the value of how they produced results (work methodology combined with skills & abilities employed) is much less context dependant.

    For example, if you drop an executive with the experience of successfully growing a company's revenue from $30M to $70M in 3 years, does that mean the same executive will be able to accomplish the same objective is you drop them into a similar company in a similar industry? Absolutely not. If the objec

    Those Little Things
    Moving to another state meant finding a new dentist. I tried one a neighbor recommended who seemed friendly, competent and eager to please. But, I never went back. His office was a case study on the importance of little things.The coat hook was missing a screw and falling from the wall; waiting room magazines were outdated; the posted office hours were taped over with an index card and new hours written in marker; the credenza was overflowing with mail and claim forms. There are plenty of dentists to choose from, and while he might be a competent one, why chance it?It's the same at work. Bosses choose which people to give a great assignment to, take a chance on or consider for a project. Customers choose which businesses to frequent. All those little things really aren't so little. They're impressions. And those impressions help ot
    re - specific - examples of how they have successfully achieved similar objectives, or identifying that they leveraged the same requisite skill, ability and experience to drive a different objective.

    Ultimately, enjoying dynamic, intellectually stimulating or charismatic conversation with a candidate is irrelevant to making a solid hiring decision and combining this solely with the criteria that a candidate simply possesses relevant industry experience and successful track records in similar scope & scale of responsibility roles is insufficient criteria for making a good solid hiring decision.

    Why is simply possessing a relevant positive track record of - experience - in similar scope & scale of responsibility roles insufficient criteria?

    From a career perspective, your experience is simply - what - you have done. What you have done says absolutely nothing about - how - you got it done (work methodology combined with skills & abilities employed). Two people can produce the same outcome through completely different methods, which effectively translates into each of those individuals having - the same experience. People produce outcomes, results, and achieve objectives by leveraging their skills and abilities. Experience simply provides a context and/or relevant common sense when leveraging your skills and abilities (i.e., it is an either you have it or you don't "check in the box").

    What someone has done isn't nearly as important as how they got it done. Experience doesn't necessarily translate in a leveragable way from job to job, or from objective to objective, because the value of experience is context dependant. How someone achieves objectives is highly leveragable and translatable from job to job, and from objective to objective, because the value of how they produced results (work methodology combined with skills & abilities employed) is much less context dependant.

    For example, if you drop an executive with the experience of successfully growing a company's revenue from $30M to $70M in 3 years, does that mean the same executive will be able to accomplish the same objective is you drop them into a similar company in a similar industry? Absolutely not. If the objec

    Job Salary: Avoid the 6 Biggest Mistakes!
    You’re on track to land your dream job. But can you afford it?Knowing how to handle the money question plagues job seekers. Especially if you’re exploring an opportunity that looks very promising.You don’t want to jinx the situation by prematurely asking about the salary. On the other hand, if they can’t afford you, you don’t want top waste your time pursuing a hopeless employment goal.Before you even go to an interview or first meeting with a decision-maker you MUST avoid the compensation pitfalls that can derail your good intentions. Here are the most serious mistakes to avoid.1. Failing to do your homework. Gather all employment and compensation information you can before you go on an interview.2. Jumping the gun. In the interest of not wasting your time if they can’t afford you, you decide to pose the
    cient criteria?

    From a career perspective, your experience is simply - what - you have done. What you have done says absolutely nothing about - how - you got it done (work methodology combined with skills & abilities employed). Two people can produce the same outcome through completely different methods, which effectively translates into each of those individuals having - the same experience. People produce outcomes, results, and achieve objectives by leveraging their skills and abilities. Experience simply provides a context and/or relevant common sense when leveraging your skills and abilities (i.e., it is an either you have it or you don't "check in the box").

    What someone has done isn't nearly as important as how they got it done. Experience doesn't necessarily translate in a leveragable way from job to job, or from objective to objective, because the value of experience is context dependant. How someone achieves objectives is highly leveragable and translatable from job to job, and from objective to objective, because the value of how they produced results (work methodology combined with skills & abilities employed) is much less context dependant.

    For example, if you drop an executive with the experience of successfully growing a company's revenue from $30M to $70M in 3 years, does that mean the same executive will be able to accomplish the same objective is you drop them into a similar company in a similar industry? Absolutely not. If the objec

    Annual General Meetings (AGM)
    When you are looking to hold an annual general meeting (AGM), there are a variety of things to consider when selecting an appropriate venue to host the gathering. Not only will you be looking for a suitable professional venue to reflect the image and purpose of the company or trust, you will also need to consider the availability of professional and business support services, location and accessibility, comfortable accommodations for meetings that last days rather than a few hours, and the size of venue that can hold your attendees.Annual general meetings (AGM) for many companies and trust organisations are major highlights of the business year requiring a great deal of logistical organisation. These meetings also provide an opportunity to demonstrate to shareholders and investors the results of business performance over the last financi
    t it done. Experience doesn't necessarily translate in a leveragable way from job to job, or from objective to objective, because the value of experience is context dependant. How someone achieves objectives is highly leveragable and translatable from job to job, and from objective to objective, because the value of how they produced results (work methodology combined with skills & abilities employed) is much less context dependant.

    For example, if you drop an executive with the experience of successfully growing a company's revenue from $30M to $70M in 3 years, does that mean the same executive will be able to accomplish the same objective is you drop them into a similar company in a similar industry? Absolutely not. If the objective at their former company required them to leverage their ability to be a "roll up the sleeves hands-on" executive that leads by doing, and who can work with a team of inexperienced managers (i.e., effectively micro-manage them), and the latter company requires the executive to grow revenue from $30M to $70M in 3 years by leveraging a critical ability to "get work done through others" by delegating tactical execution responsibility to experienced managers and leading them in a hands off manner (i.e., be a leader - not a manager), then this executive is potentially at risk of falling on their face in this new role while destroying any hi-performance experienced management team they may be inheriting walking into the role. And the fact that you enjoy dynamic, intellectually stimulating or charismatic conversation during the interview process with the executive won't change the fact you hired a great executive into the wrong role. For that matter, this only gets more difficult when the executive you are interviewing is trying to convince you how perfect they are for the role as a result of having the acquired the exact same - experience - at their previous employer.

    Making great hires is difficult. It requires a lot more input and effort than most executive hiring authorities and boards are aware of. It is paradoxical to consider how much effort and energy a company will put into assessing their needs, creating evaluation criteria, and evaluating solutions when looking to invest over $100,000 in a capital equipment or software acquisition, and yet the same company will invest only a fraction of the same time and effort into assessing their needs, creating evaluation criteria, and evaluating executive candidates to ultimately make a much more costly investment in a mission critical executive with the hopes an entire business function will product the results/ROI that in many cases drives the success or failure of the company.

    Making great hires is straight forward, but requires the willingness to invest the effort in building the basis for making an objective hiring decision. It is critical to anchor the process in bedrock by defining the specific measurable responsibilities, and business ROI associated with achieving the specific measurable business objectives the role is expected to achieve. Once you've done this, you can define the tools you need to achieve quantified business objectives by defining the specific executive and functional skills and abilities required to achieve each objective. Now you have a blueprint for success and can interview candidates for the presence of each specific skill and ability by forcing them to share specific examples of how they have successfully achieved similar objectives, or at least identifying they leveraged the same requisite skill, ability and experience to drive a different objective.

    As a result of following an objective process you dramatically increase the possibility of makin

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