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New words frequently combine two with similar meanings, but glubricant is a combination of opposites whose meaning is immediately clear. Managing people effectively means getting them to work together. Sometimes that takes glue, and sometimes it takes lubricant. Knowing which role to assume is key. Read More

Small businesses are a great place to learn, but sometimes the willingness to learn just isn't enough. Sometimes an employee just isn't capable of growing with your company and it may be time to make a hard decision. Read More

The principle function of leadership is making decisions. Whether you own a business or direct the work of others, your employees come to you with issues they can’t solve themselves. There are two types of decisions. Some of those should be made by others, but some can only be made by you. Read More

For an owner, adding extra hands to your working capacity is a powerful force for improving your company yet many refuse to hire an assistant. An assistant’s purpose is to free your time to do the more important things that no one else can handle. Your principle responsibility is to produce profit. Read More

If you have a spouse or significant other working in your business, you share a bond in building the company. Even if he or she isn’t directly involved, however, you still share in the challenges of ownership. Make sure you acknowledge their sacrifices too and say “Thanks” on a regular basis. Read More

Small business owners thrive by reacting instantly to changes in their markets. If the warm winds of increasing activity are reaching your company, it is time to develop a plan to increase your profitability. Read More

Millennials may be entrepreneurial in numbers not seen since the Boomers, but it is different entrepreneurship. Boomers built service oriented businesses that focused on a tangible product. The Millennials are building businesses utilizing technology where they sell skills to manage information. Read More

Morals and ethics are listed as synonyms, but they have different meanings when applied to business and personal life. The dictionary says that ethics are the application of moral principals. That is true, but in business, my moral compass doesn’t have to agree with yours as long as my ethics do. Read More

When a business passes to new ownership, debt is part of the purchase price. Succeeding generations are angry about the debt and entitlement burdens that they are inheriting from the Boomers. They will have to choose between taxing themselves or reducing their obligations to Boomers. Read More

There is a serious disconnect between the suppliers of pre-employment skills (the university systems) and their consumers (business). Multiple surveys of small business owners show that a majority identify “finding qualified candidates” as their biggest HR issue. Read More