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Value Creation Blog

The Magical Secret Of Having A Personal Mission Statement

company-statement-vision-mission-and-values-PS7236K

Everyone knows about having a good corporate mission statement. If properly crafted the mission statement will be a guiding light for the people who work in that company.

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Topics: mission vision values and goals, personal value, Mission statement


Do You Respect Your Employees?

employee guidelinesI was recently at a meeting where people were talking or more accurately whining about their employees who were not performing to what their expectations were.  I sat there and listened and thought to myself that these owners were missing some key points about the people that worked for them.  The owners’ complaints were about bonuses they paid their employees that they didn’t think their employees earned.

My thought was that their employees were probably just fine.  I think the expectations of the employers, all of whom had less than five employees, were missing some key issues.  This group of owners had not set the tone in their company for what they expected.  This left their employees to make up what they should do which apparently wasn’t what the owners wanted them to do.

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Topics: mission vision values and goals, for business owners, communication, Mission statement


Pillars As Part Of Mission – Wealth Management

pillars

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Topics: mission vision values and goals, wealth management, Strategic Thought, Mission statement


4 Ways To Find Great Employees – Enterprise Value

star employee resized 600One of the complaints I most often hear is, “I can’t find good employees”.  I believe this is a challenge, but one that can be overcome.  Like many other tactical issues in a business having systems in place and following a few simple rules can help when it comes to finding the right employee for the job.

The first rule is to limit turnover.  I know this has little to do with finding new employees.  Take the time to review your turnover; if it’s high make internal changes with your present employees.  If you do this you’ll have to spend less time trying to hire new employees in the first place.

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Topics: mission vision values and goals, for business owners, enterprise value, Mission statement


Mission Should Precede What, Why And How

why how whatI’ve been trying to decide in what order planning should happen.  Most of the time we just do and don’t mindfully think about what we’re trying to accomplish.  We don’t see how our plans fit in with our mission.  If we do think about mission, we then don’t often think about what, why and how.

Mission should always be first.  Having an overarching view of what our life is about should always be the starting point.  If we don’t have a good value statement, then we might plan in a way that gives us the perfect solution to the wrong outcome.

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Topics: mission vision values and goals, success, Mission statement


Are You Facing Decision Fatigue?

MissionWhat do you want to do?  It’s one of the questions that we hear several times a day.  I think many people are tired, tired of having to make decisions about what they want to do.

Have you ever had the experience where you wish someone would just take over and make a decision for you?  Does it seem that we’re having so many choices that making a decision becomes a huge chore?

I believe that part of the problem we have with making decisions is that we’re not sure how the decisions we’re making fit in with our lives.  We haven’t done a good job of answering what’s important and why it’s important.

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Topics: mission vision values and goals, value creation, mission, value enhancement, Mission statement


4 Lessons I learned From My Father

Ben PatrickMy father was a pretty typical first generation business owner.  He worked very hard, was a tough taskmaster both at work and at home and spoke his mind in a very forceful manner. 

Sometimes this manner was so overpowering that those around him wanted to hide.  At the same time his rants usually had more than a little bit of truth in them.

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Topics: mission vision values and goals, lessons learned, Elders role in business, Mission statement, estate planning


Do You Start With Why Or Start With What? – Wealth Management

wealth managementI recently have started hanging out with Susan Bradley and the gang at Sudden Money®.  We’ve been having an interesting and in my opinion useful conversation about the order of dealing with client issues.

The question is when we’re working with a client should we start with why or should we start with what?  Another way of looking at this is that starting with intention would be starting with why.  Starting with purpose would be starting with what.

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Topics: mission vision values and goals, financial planning, wealth management, for advisors, Mission statement


Some Thoughts On Cancer And My Life - Personal Wealth

cancerSaturday April 23rd was a big day in my life.  It was the two-year anniversary of my last chemo treatment.  I had a very nasty strain of Non-Hodgkins Lymphoma. The treatment was extreme, unpleasant and very dangerous.

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Topics: mission vision values and goals, wealth management, Personal Responsibility, Mission statement


5 Ways You Know A Mission Statement Is A Good One

Mission StatementI’m a big fan of mission statements.  I’ve written extensively about how to write a plan but haven’t spent a great deal of time talking about how you know your mission statement is any good.

I sometimes get into a conversation with others about whether a mission statement is actually a tag line.  They both are about the same length, but one sets the tone for a company, a family or an individual and the other is just a vague idea.  Tag lines can’t be answered with a yes or no, but mission statements can.

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Topics: mission vision values and goals, value creation, wealth management, value enhancement, Mission statement


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