Kathy and I watched “The Founder,” which detailed how Ray Kroc cheated and deceived the McDonald brothers multiple times. Eventually, Kroc pressured the McDonald brothers to sell all of McDonald’s rights for over $2 million plus 1% of future royalties. At the closing, however, the royalties had been written out of the contract. In a gutsy move Ray Kroc sticks ...
In an article titled, “Why Ethical People Make Unethical Choices,” the Harvard Business Review highlighted five ways that organizations needlessly provoke good people to make unethical choices. The third way is that, “Conflicting goals provoke a sense of unfairness.” Many organizations unwittingly establish conflicting goals that result in people feeling treated unfairly. A common example is when a successful sales ...
Many entertainment figures are devastated by not being prepared for their eventual fall from fame. Recently, Al Robertson of Duck Dynasty shared with me how his family has tried to proactively prepare for the inevitable end of the Duck Dynasty show. The Robertson’s monitor their hiring practices carefully, and by seizing opportunities and establishing other businesses, they can soften the ...
This week I’m addressing the importance of selecting the right leaders for a board or church. In Titus 1:8, Paul said about overseers, “Rather, he must be hospitable, one who loves what is good, who is self-controlled, upright, holy and disciplined.” The word “upright” in this passage refers to someone who is just or equitable in their actions. This is where wisdom leads ...
This week I’m addressing the importance of selecting the right leaders for a board or church. Yesterday, we discussed the qualities to avoid, but the rest of the week we’ll highlight the admirable traits that the Apostle Paul recommends in an overseer. In Titus 1:8, Paul said about overseers, “Rather, he must be hospitable, one who loves what is good, who is ...
A wise man once told me, “It’s easy to put someone on your board, but not so easy to remove them.” His point was that we should be careful when selecting leaders to serve on a board. Fortunately, the Apostle Paul provided Titus and Timothy some wise direction in the attributes that should and should not be present in an ...
Mike discovered that a trusted employee had stolen money from him. Heartbroken, Mike intended to fire her, but when confronted, the employee broke down crying with sorrow. She told Mike that her husband had become addicted to drugs and had bullied her to steal to support his habit. Mike took an unconventional business approach. Mike met with her husband. By ...
A handyman called me for some business counsel. He had one full-time employee making $30,000 a year, while he personally paid himself $9,000. He had strong demand for his services, but couldn’t understand how to make the business financially solvent. His billing rate was significantly below industry norms, because he feared upsetting his customers with increased prices. Many small business ...
When Samsung learned that Apple was not adding any significant new features to their latest IPhone roll out, Samsung reportedly viewed it as an incredible opportunity to finally surpass Apple. So they fast-tracked their new Galaxy Note 7 smartphone for an early launch. Although the facts are sketchy, it appears that management’s decision didn’t allow for enough safety testing. The ...
This week we’re discussing how to reinvent your business by using the word Renew as an acronym. The W stands for Willpower. A local church had a strong presence in the heart of the city, when they determined God was leading them to move to a bigger facility. But the new facility was more than 10 miles away. Although they ...
Equipping Others to Do Work Differently
