Tag Archives: Ceo

Fired! From Your Own Company!

Steve Jobs was let go from Apple years ago before he came back and made it the powerhouse it is today. And now Groupon's Andrew Mason was just fired from the company he started 4 1/2 years ago. Read all about it here... CEO Gone From Groupon

What about you? Should you be fired from your company?

Most entrepreneurs and small business owners are their own bosses and get away with well... basically anything and everything.

If you're the boss, how often have you assesed your own performance? Think about it, would you want to hire you as your own employee or fire yourself? Do you have the systems and procedures in place to track your performance or will you "get to it later"?

While it seems natural for a successful corporate employee to succeed in their own business, that's usually not the case. It's one thing to have someone to report to, deadlines, project plans, and a boss to keep an eye on you. It's another to have to do all that yourself AND work your business.

If you want to increase your chances of succeeding as an Entrepreneur and making it on your own, make sure you have a few things in place.

First, remember the saying, "Fail to plan, plan to fail." If you don't make plans on how to succeed, that's tantamount to planning on failure.

Best selling author Steven Covey wrote the 7 Steps to Highly Successful People. In this world reknown book, one of the seven habits is to "Begin With The End In Mind".

This means that you should know what your goals are. You should know what you want to accomplish and when. Have that vision of success. This will help you put your plan together properly if you know where you want to go and when you want to get there.

The next "Put First Things First". Steven talks about prioritizing and organizing. You have to know what you're doing and when.

A good concept to remember is DMO or Daily Method of Operation. In other words, what are the things that you need to do every single day? For example, when you're putting your schedule together, are you scheduling in follow-up calls to potential clients. When are you doing them? If you plan on making calls 3 days a week from 4 - 5 pm, then that's got to be in your calendar. So you know that every Monday, Wednesday, and Friday you're making follow-up calls. What else do you have to do on a daily basis? Do you have that written down in your calendar?

When you have a plan with a calendar and you know your daily method of operation or DMO, you chances of success just increased significantly.

Here's the catch though... it's not enough to just plan it and know it. You actually have to do it! Massive Action is the greatest factor in success. Correction... Massive CONSISTENT Action is the greatest factor.

Once you have your plan of action and a DMO outline, then you can track to see how you're doing.

If you're not doing so hot, then maybe it's time to fire yourself - or at least take drastic measures to ensure improvement.

Remember, if you want to succeed in business, you have to treat your business like a business - not like a hobby.

So give yourself an assessment and ask yourself, "would I hire myself this week or fire myself?"

The answer may surprise you.

Freedom of Speech HURTS, but not always who you would expect.

The recent incident involving the CEO of Chick-fil-A and the Local Politicians really got me thinking.  How does the public view a business?  Does the public actually know what a franchise is?  Better yet, do our Politicians?  In the Case of the Alderman that started this; the answer is NO.

Between the media and the three main characters in this little Drama, the person that counts the most is the person that is being ignored; the Owner of the Franchise.  Everyone seems to be forgetting that there is a person/owner of this store that is more than likely no different than you or I trying to open a business.  The Media, the Mayor, the Community at large and especially the Alderman seem to have forgotten about this person.  What little has been said about the owner has been that the owner's views are not the same as the CEO.  Yet because of the owner’s decision to affiliate themselves with the company, they are unfairly being labeled as “intolerant” and are unduly being hindered in opening their business.

The misperception by the Alderman, Mayor, Media and even the community that the CEO is the sole voice of the company is unfortunate.  How our business is perceived by the public is very important.  But in some cases such as in this case we have very little control over it.

While a Franchise may work differently than other Small Businesses, it is still a Small Business.  It is the owner of that store that will be paying the taxes.  It is the owner of that store that will be paying the employees.  It is the owner of that store that will suffer because of an unfortunate comment made by another person connected to the company name.

How the situation ends is still up in the air.  If the owner of that store has to make concessions based upon what the Alderman and City decide is downright frightening.  All because of someone else’s comment.

If I were the owner, I’m not sure how I would proceed.  I’d have to look at how much I invested in opening the store and how much I’d still have to spend.  If you were the owner; how would you proceed?