Exceptional leaders often excel as skilled storytellers, and for good reason. Once a company hits a certain level of organizational complexity, one of the most important tasks the CEO has is to craft intellectually coherent and captivating narratives about the firm, its purpose, and its performance. Failure in this task means undermining the very existence of the company; a sin…
This article originally appeared on Business Insider.Bill Gates found a kindred spirit, a social connector, a confidant, a study buddy, and a true business partner in Steve Ballmer, he writes in his new memoir, "Source Code: My Beginnings." Gates, the billionaire philanthropist who cofounded Microsoft, met Ballmer in a graduate…
When Jason Felts left small-town Texas for California in 1996, he was a fresh high school graduate who dreamed of building a career behind the camera.Image Credit: Courtesy of Hollywood Virgin. Jason Felts.Over the course of the next decade-plus, the young creative and entrepreneur did just that. Felts co-founded his…
Effective goal-setting isn't about filling out a spreadsheet or announcing a new target; it's about creating a system where goals translate into action, team members take ownership and progress is tracked, discussed and refined along the way.Since founding ButterflyMX in 2014, I've found that when it's done right, goal-setting is…
Then there's the old-school mentality among some investors that founders should "stay hungry," implying modest compensation is necessary to stay driven. Let's be real. Running a startup is a grueling job, and founders deserve to be compensated justly for their efforts.Compensation can be a tricky subject, especially for investor-backed founders.…
"You are the average of the five people you surround yourself with" is a famous quote by renowned entrepreneur and motivational speaker Jim Rohn. From a business leadership perspective, the statement suggests that those with whom you spend the most time wield a significant impact on your mindset, behaviors and…
With mass layoffs dominating headlines, PayPal cofounder Max Levchin shared his take on the most humane and empathetic way leadership should carry out layoffs.On an episode of The Twenty Minute VC podcast, Levchin, who now serves as CEO of Affirm, admitted that he botched the first time he had to…
Human Design is a personal assessment and tool leaders can use to understand themselves and their team better.In human design, the "profile" offers insights into one's personality strengths and weaknesses. In business, your profile can affect how you communicate with others, perceive the world and showcase the qualities that set…
You built your company with years of blood, sweat and tears. Ideally, you envisioned a thriving organization with a great team. However, somewhere along the way, things began to unravel. Suddenly, the company's trajectory shifted, team morale plummeted and energy shifted.Your first thought might be, 'What went wrong?' The answer,…
This Side Hustle Spotlight Q&A features Brock Giles, 36, of Salt Lake City, Utah. Giles is the founder of small-batch hot sauce and spicy cocktail mixer brand High Mesa Chile Co. Responses have been edited for length and clarity. Image Credit: Courtesy of High Mesa Chile Co. Brock Giles. What…
Leaders who learn to coach don't just build better teams — they revolutionize how their organizations think, create and succeed. It's about stepping back from being the person with all the answers and becoming someone who helps others find solutions.Think about it: Most successful leaders are wired to take charge…
In a declining economy, startups face an uphill battle when it comes to securing funding.…
With all of the recent news about artificial intelligence (AI), it got me thinking about…
A while back, I took a couple of my grandchildren on a tour of the…
Startups face numerous challenges on their journey to success, and failing to overcome any one…
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