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Name of author Rick Baker, P.Eng.

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Why Put Off To Tomorrow What You Can Put Off To Someday?

by Rick Baker
On Mar 4, 2015

 

 

 

On the other hand...

 

1.  Planned exits bring more money


2.  It’s best to sell when buyers want to buy


3.  It’s best to deal 1-on-1 at the ‘C-level’


4.  Creative deal structures bring more money


5.  Good accountants and lawyers deliver ROI


6.  Deals get done when:

  • You know exactly what you want
  • You learn exactly what the buyer wants
  • You compromise and agree on ‘middle ground’
  • You engage ‘specialists’ after it’s a done deal

Tags:

Succession

The Fine Line of Weakness

by Rick Baker
On Mar 3, 2015

Problems arise when we coddle weakness.

Problems arise when we hammer weakness.

And there is a very fine line between these two opposite ways of dealing with weakness.

Should we acknowledge weaknesses?

Yes. We should acknowledge weaknesses. The best way to do that is to present weaknesses in terms of being areas where strengths do not exist. We should focus on strengths, acknowledge weaknesses, and figure out ways to cover one person's weaknesses with other people’s strengths. As we do this we must understand even the softest of criticisms can often be very poorly received. Many people have very thin skin.

Tags:

STRENGTHS: People-Focused for Success

A Little Argument Against Being Negative

by Rick Baker
On Mar 2, 2015

When you focus on the negatives, you snuff out other peoples candles. What's worse, you smother your own candle...giving it no chance to burn brightly. And, while you are under the power of negative thinking, even when you believe you are going the extra mile and burning your candles at both ends you will never have the chance to shine brightly.

***

Many, if not most, if not all, people have this tendency to skip over the positives and dwell on the negatives. This is part of the human condition.

For some, if not many, people 'the negatives' become the cornerstones of their character. These people are harsh on themselves and more-harsh on other people. These people concentrate on and agonize over everything from petty mistakes to style differences to weather to...etc.

Embedded in each of us there is a spark. We use our sparks to keep our motivation candles lit. We use our sparks to keep our attitudes bright. We use our sparks to generate value for ourselves and for other people.

Unfortunately, some people out there are oblivious to these sparks. Unfortunately, some people carelessly snuff out their own candles and use up their sparks trying to relight their candles, which become increasingly immune to flame. Then, under increased negativity, their candles burn ever and ever dimmer and they are compelled to go after other people's candles. 

Our energy is limited and our sparks are precious. 

Negativity is wasted energy and spark-endangering.


“The Boss was Stewing” - an Ernest Seller episode

by Rick Baker
On Feb 27, 2015
Ernest Seller stopped to shop for some new white shoes after lunch. So, he was 20 minutes late getting back to the office. With all that excitement and rushing around, Ernest forgot he was to meet with The Boss.
Ernest Seller - Ernest Seller
Ernest Seller - The Boss
The Boss was pacing, steaming and stewing. Then he saw Ernest sitting back, with feet up. That’s when The Boss blew his top, yelling...
 
“Ernest Seller – come with me. We need to have a little tête-a-tête!”
Ernest replied, "No thanks, Boss, I just had a big lunch…besides that Boss, you know I'm a meat and potatoes guy".
Ernest Seller - Ernest Seller

Tags:

Ernest Seller | Humour

Automation & Family Business

by Rick Baker
On Feb 26, 2015

Excerpts from a Son-Father Chat

Automation solidifies Processes...to help People and to provide value to People. That's why automation exists; that's why automation has 'gone exponential'.

Automation removes People's excuses. At least, you'd think that would be the case. On the other hand, to some degree the excuses just change in form. [It is even easier to blame inanimate things than it is to blame other people.]

Regardless, automation is the wave of present change and it will be the wave of future change...because...automation provides value to People.

That's why Robots have become so popular. Robots do tasks. Robots do processes, step-by-step, moving in a straight line. Unlike People, Robots are linear 'doers'. Robots have a task and they do that task. No excuses. No confusion. Simply doing what they have been instructed to do. In addition, in comparison to People, Robots do tasks quicker and more accurately.

Delivering value. Quicker. More accurate. No excuses.

Considering these advantages, it's no wonder Robots have gained such a foothold. 

And, considering these advantages, no doubt Robots will continue to take over the workload, replacing People at work.

***

Now, People still hold some advantages over Robots.

Don't you agree?

 

***

PS:

Son - Software Engineer

Father - Mechanical Engineer

Family Business - Helping business leaders solve People & Process problems.

 

 

Tags:

Family Business and CFFB

Rules are made to be broken. Master Rules are not!

by Rick Baker
On Feb 24, 2015

When we lay enough layers of rules on people we can grind them to a halt. That's not a good thing in business. In business, we want people to be able to make decisions and learn from their successes and their mistakes. And, in general, success is not defined in terms of a person's ability to follow rules. Similarly, mistakes should not be defined as a person's inability to follow rules.

Rules do not exist to determine success and failure. Rather, rules are there to confine and control actions. Rules guide HOW we go about doing our work. In that way, rules guide Actions.

Sometimes, when business rules are broken it leads to problems or even failure…that’s the raison d'être behind rules. However, on other occasions broken rules lead to success. This happens more frequently when rules are overly confining and rules throttle creativity, innovation, or change in general.

When rules are overly confining they can be broken from time to time. Perhaps, overly-confining rules must be broken from time to time if positive change is to occur.

We need to keep that in mind as we establish and administer rules in business.

On the other hand, the breaking of “Master Rules”, as Spirited Leaders define them, never brings about positive change. When Master Rules are broken Values are violated, relationships are soured, and trust is shattered.

So, rules are made to be broken.

And, Master Rules are not!

Tags:

Master Rules | Values: Personal Values

Copyright © 2012. W.F.C (Rick) Baker. All Rights Reserved.