Cloudy Judgement

I had a conversation the other day with a client who semi jokingly said “it’s easier when I don’t let the facts cloud my judgement”.

He was referring to how people express their opinions without regard for what the data is to back up the opinions.

At what point do we insist that people factor the data into their statements when they are presenting opinions as facts?

Have a great day!

Lawrence

New Eyes

Sometimes you need to bring in a new set of eyes to look at a situation.

When you look at the same things over and over you tend to start seeing what you think is there and not what is really there. You start to miss some changes, you miss some mistakes and you start to look perspective.

Be willing to bring in new eyes, new perspectives and be willing to hear from people who are able to see what is really there as opposed to what you think is there.

Just a thought.

Have a great day!

Lawrence

The right fit

Sometimes the right fit is only the right fit until things change. Then it becomes the wrong fit.

You can hire a CEO who does a great job growing the business but then when the business gets to a certain size, the CEO isn’t able to manage the business so they are no longer the right fit.

You can hire a chef to cook a great meal for 20 people but that same chef might struggle cooking for a banquet of 2000 people.

This is why it’s important to keep evaluating people because a person who was the right fit at one point might not be any more, even if they haven’t changed at all.

Have a great day!

Lawrence

Taking Chances

When you take money or take property you are taking from someone else.

When you take a chance you aren’t taking from anyone.

If you don’t take a chance you usually can’t store it for another opportunity.

When chances arise, you might as well take them because if you don’t someone else will or the opportunity will be lost forever.

Have a great day!

Lawrence

What do you stand for?

What do you stand for? If you say the same things that everyone else says, it means there is nothing special about you.

When answering the question “what do you stand for” if you start with talking about “hard work”, “good attitude” and “friendly service” does that really separate you from anyone else?

Have a great day!

Lawrence

Advance Payments

If your organization is in a position to do so, would it make sense to look at companies that you could make advance payments to which would help their cash flow and allow you to purchase at a discount?

The advantage in doing this for you is you make purchases at lower prices. The advantage to the seller is they get their money upfront.

The disadvantage to you is the potential that the seller wont be able to fulfill your order that you have already paid for. The disadvantage to the seller is the reduced margins and being able to budget these advance payments.

If you are able to afford to make advance payments and can do your due diligence can allow you to create some wonderful win/win situations that benefit everyone.

Have a great day!

Lawrence