This week we’re discussing F.I.T.T. leaders. The T stands for Temple. Healthy and effective leaders know the importance of taking care of their physical bodies. A healthy eating plan and regular exercise are necessary habits for one’s physical health. Taking care of your “temple” creates discipline and, gives you the strength and stamina to endure the challenges one faces as ...
This week we are talking about F.I.T.T. leaders. The I in FITT is for intellectual. As I study the qualities of healthy leaders, a common trait among most of these individuals is their desire to continuously learn. Healthy and effective leaders read books, listen to podcasts, and attend seminars to expand their knowledge. F.I.T.T leaders grow and develop themselves intellectually. ...
This week we’re discussing F.I.T.T. leaders. While others were partnered in six man teams attempting the 100 mile, 24-hour relay race, David Goggins ran it alone. Eighteen hours and 70 miles into the race, David’s body began to show signs of failure. Despite breaking bones in both feet and experiencing kidney failure, David refused to give up and finished the ...
The past 2016 Olympic Games inspired Matt. He found himself lifting weights more, eating healthier, and challenging his family to various simulated, family-friendly Olympic events. The Olympics in Rio reminded Matt of the importance of being physically and mentally fit as it relates to his ability to lead others towards greatness. In Matt’s quest for “leadership gold,” he has implemented ...
The Seventh Key to Financial Success – Turnover Ratios Profit is important, but cash pays the bills. If your inventory, or monies owed to you, grow significantly, you can be profitable, but cash poor. A past bank customer of mine was profitable, but had a cash flow crisis. By calculating how frequently his inventory was turning over, we discovered his ...
The Sixth Key to Financial Success – Leverage At 25 years of age I started a car rental agency! In order to fund this new business I borrowed money personally, and also, from a bank. My new business was highly leveraged with an excessive amount of debt. Before long I discovered that every time the bank demanded something from me, ...
The Fifth Key to Financial Success – Generosity Giving money away hardly seems like a key to financial success, yet it is! In my book, “Unconventional Business,” generosity is my Fifth Key to success. R. G. LeTourneau pioneered and patented hundreds of earthmoving equipment ideas. After some spiritual turning points, RG realized that God owned everything, not just 10% of ...
The Fourth Key to Financial Success – Return on Equity A business owner should have two types of returns on the time and money they invest in their business. One is compensation for their work, and the other is a return on their financial investment. If you were investing in a mutual fund, you would want to know how much ...
Years ago, Kathy and I had lunch with our 94-year-old friend, Cliff. That day, we learned that Cliff’s destroyer was sunk by a kamikaze pilot during World War II. Although many of the crew died, Cliff pulled himself onto a nearby raft. As Cliff tried to help his friend, and barber, into the raft, two sharks devoured the man right ...
The Third Key to Financial Success – Overhead Margin Before 2008’s recession, many prosperous businesses overlooked their increasing operating expenses. When our financial system crumbled, many organizations needed to react quickly to their declining revenue to survive. Several friends of mine took dramatic steps to cut their overhead. Their budgets had become bloated. By managing their overhead margin, many became ...
Equipping Others to Do Work Differently
