Blogs of Note for the Week Ending June 6, 2014
Every day I learn something that advances my leadership knowledge and competency. Here are quotes from 5 blogs that got my attention this week. I don’t benefit from reposting any of these posts. Sometimes, I don’t even know the writer. However, I do read and personally grow my knowledge by reading posts that challenge my thinking and get me to think outside my old paradigm. It’s not important that you agree with any of these writers. It’s only important that you think. I hope you will find some new sources of inspiration with these posts. Here’s the next group of 5 in the series:
Frustrated Scholar Creates New Way to Fund and Publish Academic Work
In 2011, Tim Peterson was your archetypal frustrated academic. He’d just landed a paper in the journal Cell but had grown disillusioned with the publishing process after nine months of back-and-forth among his team, the reviewers, and the editors.
“I was just totally disgusted by the whole process,” says Mr. Peterson, now 37 and working as a postdoctoral fellow in biology at Harvard University. “I remember when I stood up and said I don’t want to be a part of this anymore.”
The Simplest, Most Underrated Communication Device for Today: “Look Up.”
I was playing Frisbee with my 6-year-old daughter the other day. Actually, I was playing multi-task Frisbee, the kind where your phone is in your pocket and you text and answer calls between the flicks of your wrist.
Just one problem: Maeve was having none of it.
After I picked up the second call, she frowned, then sulked across the yard, shoulders in a dramatic dip.
“I’m sad because you’re not paying attention to me. Put your phone down,” she said.
Simple words, yet plenty of wisdom there.
5 Accounting Tricks You Should Never Use
Sometimes your business just doesn’t perform as well as you need it to. Spending 15-hour days at trade shows, pulling all-nighters to revamp your market strategy and tweaking your website all weekend don’t always guarantee a profit or cash flow boost.
If you happen to be applying for a loan or line of credit or are in the process of selling your business, a few bad months could mean the difference between loan approval and rejection. When faced with this kind of pressure, some small-business owners look for alternative ways to hit their numbers. Unfortunately, this can lead to trouble.
That’s because “aggressive” accounting is a risky proposition. Unlike sales and marketing—where being aggressive is often rewarded—cooking the books (or even just warming them up a bit) can ruin your business reputation and potentially lead to legal problems.
TODAY’S CHALLENGE: CLOSING THE REVOLVING DOOR
Have you ever considered the cost of turnover in your organization? To recruit, select, orient and train new staff can be extremely expensive. Not to mention the opportunity cost associated with having staff in place with no organizational memory. Today’s Challenge: How do you reduce turnover?
I’ve been asked this question more than any other over the years. The reason may be our retention rate – we have historically hovered around 94 – 95%.
My answer to the question is simple – but it is not easy. I believe our outstanding retention rate is driven by the rigor of our selection process. If you get the right people, in the right role, you greatly increase the chance of the person staying with you.
Here are a few principles to help you think about your selection process.
- The more clarity you have about the role, the better your selections.
Warren Buffett’s Best Kept Secret to Success: The Art of Reading, Remembering, and Retaining More Books
This is how Warren Buffett, one of the most successful people in the business world, describes his day. Sitting. Reading.
He advises everyone to read more, and that’s certainly a goal we can all get behind. Our personal improvements at Buffer regularly come back to the books we read—how we aim to read more and make reading a habit. I imagine you’re in the same boat as well. Reading more is one of our most common ambitions.
So how do we do it? And what are we to do with all that information once we have it? Read the post…
Hugh Ballou The Transformational Leadership Strategist