Thursday, January 12. 2023Be your own boss! Go into business for yourself. Part 2 of 4
PART 2 - 4 Essential Considerations Before Going into Business! Part 1 – Why be your own boss? Part 2 – Ideas and dreams. Part 3 – Risk. Part 4 – Your significant Other. These items precede your business plan, entity creation, and business structure. This video is the 2nd consideration #entrepreneur #startup #startupadvice #coaching #boss #CFO #cpa #franchisee
Thursday, January 12. 2023Practice Makes Perftect - Beware of Lying, it can become a habit!
Recall the idiom, "Practice Makes Perfect?" In society, we can see our sports heroes, political leaders and business leaders blatantly lie. It typically is a habit, refined over the years, and practiced regularly. Avoid it like the plague. #ethics #lying #cpas #controllers #cfos #leaders
Wednesday, January 11. 2023
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Be your own boss! Go into business for yourself. Part 1 of 4
4 Essential Considerations Before Going into Business! Part 1 – Why be your own boss? Part 2 – Ideas and dreams. Part 3 – Risk. Part 4 – Your significant Other. These items precede your business plan, entity creation, and business structure. This video is the 1st consideration #entrepreneur #startup #startupadvice #coaching #boss
Wednesday, March 2. 2022
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Plan B for your Business and your Career
Alrighty then! SVB, Signature, Credit Suisse, East Palestine OH , etc. Companies must include contingency planning, risk analysis, scenario planning into the overall planning process. Anything less is incompetence on the part of management. This also holds true for us as individuals and our careers. What will you do, if your company closes, you lose your job, you have to change locations due to spousal move, etc. It is time for serious "Plan B" analysis. #careers #change #planning #management #job #svb #signature #creditsuisse #contingencyplanning
Have you taken the time to create a Plan B for your Business and your Career? If not, you are inviting a breakdown when difficult times or Black Swan events occur. Preparing a Plan B will help in business and career continuity. The embedded video outlines the general concepts of Plan B.
Friday, June 18. 2021ACPEN - Virtual Webcasts for CPAs and HR professionalsJim Lindell - ACPEN - CPE Webcasts for CPAs and HR Professionals Friday, September 25. 2015Life is like a Zip Line!Life is Like a Zip Line - Copyright 2015 Thorsten Consulting Group, Inc. Friday, September 4. 2015The Entrepreneur’s MistressThe Entrepreneur's Mistress - Thorsten Consulting Group, Inc. (c)2015 When making your wedding vows, the idea of having an affair or mistress is not at the forefront of your thoughts. I will also suggest that many entrepreneurs have never considered being unfaithful to their spouse. However, the “love affair” or romance that an entrepreneur can have with their business can result in misplaced priorities.
For again Scrooge saw himself. He was older now; a man in the prime of life. His face had not the harsh and rigid lines of later years; but it had begun to wear the signs of care and avarice. There was an eager, greedy, restless motion in the eye, which showed the passion that had taken root, and where the shadow of the growing tree would fall. Entrepreneurs may forget the main reasons that they pursued being in business for themselves. Stephen Covey’s 2nd habit of highly successful people is, “Begin with the end in mind.” The earthly end of all of us leads to only one place. I have not seen a tombstone that showed the last 5 years of financial statements or cash available in the bank. Nor have eulogies focused on the rapid growth of the business or market share obtained. Tombstones discuss family. Eulogies will include business; however, they too are focused on family. Therefore, “beginning with the end in mind” focuses the entrepreneur on the importance of family and what trade-offs are acceptable and which ones are not.
Thursday, August 13. 2015Left Handed People are DisadvantagedCoaching Relationship - Thorsten Consulting Group, Inc. ©2015 During the 1950s and 1960s, being left handed was seen as a disadvantage. Great efforts were taken by teachers and parents to train students to use their right hand as opposed to their left hand for writing. As a consequence, many kids were forced to focus on hand writing techniques as opposed to learning techniques. Unfortunately, many managers and coaches still try to force “left handed people to work as if they were right handed.” This metaphor illustrates how people are trained with specific techniques that may not be effective for that individual. Well-meaning coaches and managers may be too narrow in their approach to training or philosophy about business. Unfortunately, their technique or approach may be in conflict with the skills, intelligence or personality type of the individual being trained, managed or coached. There is a significant danger when the coaching or training approach is “one size fits all.” Let’s consider this example as it applies to the role of a coach and their respective student, customer or employee. Since coaching focuses on the coachee, let us begin with the left side of the diagram representing the individual that is to receive the coaching service, counsel or advice. There are three main levels of coaching services that an individual can receive: In essence, these three levels represent the “needs” of an individual that is to be coached. The right side of the graph represents the coach’s role. Note that there are two extremely significant principles that apply to a coach. The first is that a coach cannot allow their self-interest to get in the way of helping another individual. The second principle is that the coach should foster independence in the individual as opposed to dependence. Unless an individual is seeking a long-term learning relationship, most coaching assignments should have a specific task with a specific timeframe. The only type of ongoing coaching relationship should be a life-long learning relationship. Beware of the coach that is hired for a short term need who insists on a long-term relationship. The coach may be putting their self-interest ahead of the needs of the individual. There are many skills a coach should possess including: Now we can reconsider the comparison of left handed and right handed people. A coach that only uses one approach without recognizing the limitations of that approach is not serving his customers well. Failing to understand the needs and styles of the individual being coached typically leads to short and unfulfilled coaching relationships. One of the main reasons coaching assignments do not work out well is that the coachee and the coach are not compatible. A successful coach will be flexible and capable of working in a variety of styles. The greatest of coaches will exhibit the most flexibility in working with a variety of people. Therefore, it is important for coaches to evaluate personality types and intelligence types to determine how their skills must be altered to bring out the best in the individual. About the Author: Jim Lindell, CPA, CSP, CGMA is a best-selling author and speaker. Jim is a TEC Chairman (The Executive Committee), which is the Granddaddy of CEO coaching organizations and with its’ Vistage Affiliation is the World’s largest peer group for CEOs and Senior Executives. Jim has been Coaching CEOs through TEC since 2001. His website is www.thorstenconsulting.com. Jim’s latest book, “Controller as Business Manager” is available from the AICPA at http://bit.ly/1zGOYmz. Tuesday, March 31. 2015Teamwork and Sports ExamplesPlatteville Scrum - photo by Greg Anderson The history of the term “team” has its roots in Germany and England. Originally it applied to a “team of draft horses” or to “lineage or race.” The latter no longer is used, but the former meaning evolved into its main usage today for sports teams. It is worth noting that some of the synonyms of team are: army, band, brigade, company, crew, outfit, party, platoon, squad and gang. If an employee does not enjoy being a part of the “team,” maybe they would prefer being part of a “party” or “gang.” Typically, participation in sporting events is voluntary. However, in the work world, many of the team synonyms suggest participation is involuntary. Some employees may never appreciate sports examples. Instead of dismissing sports analogies, an employee should interpret and utilize the lesson from their perspective. Teamwork 4 legged race - image by presentermedia Jim Lindell is the author of “Controller as Business Manager” by the AICPA http://bit.ly/1zGOYmz . He is an Award Winning Speaker and Best Selling Author. In addition, Jim is a TEC Chairman for two groups in SE Wisconsin (TEC/Vistage is the world’s largest peer group of CEOs and Executives) ©2015 Jim Lindell Monday, January 19. 2015
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When You are DownWhen you are down. ©2015 Jim Lindell - Thorsten Consulting Group, Inc. - Think of Victor Frankl. When you feel that no one cares: - Think of Mother Teresa. When you just want to give up because it is too difficult: - Think of Winston Churchill. Most of us have nothing to complain about. I am always amazed and blessed by those that overcome significant obstacles. They provide the inspiration to pick ourselves up and move forward. For what it is worth... Jimmy ©2015 Jim Lindell - Thorsten Consulting Group, Inc. Friday, December 12. 2014Increasing Controller / CFO ValueIncreasing Controller - CFO Value. From "Controller as Business Manager" by Jim Lindell,CPA,CGMA, MBA. Published by AICPA copyright 2014. How do Controllers and CFOs increase their value to their organizations? It requires them to move from traditional practices and expand to business strategy, industry strategy in addition to obtaining and understanding trends that impact the business or organization. Sometimes it is not always apparent what impact a specific trend will have. The traditional practices must still be followed and implemented. However, these practices are what is expected of Controllers and CFOs today. It is similar to how quality is expected in manufacturing or service. It is also easier to replace a Controller or CFO that operates only in the traditional role. The Controller or CFO that masters each of the expanded roles in the image will not only be more valuable but will also be more difficult to replace. HR managers and IT managers that have struggled with being excluded from strategic processes in the organization can also take heart in a similar approach. They must become business people first and then be recognized for their expertise. Rarely are they recognized for their expertise. It is in their application of their expertise as a resource or servant leader to the other parts of the organization that their true value can be recognized. Following is a short video on my presentation on Increasing Controller / CFO value. It was delivered in Las Vegas in Nov. 2014 and the topic was Innovation and Creativity in an Organization. This clip is based on an excerpt from my new book published by the AICPA - "Controller as Business Manager." Click on the following link to read more about the book Controller as Business Manager Increasing Controller / CFO Valueallowfullscreen="" frameborder="0" height="300" width="535">
Saturday, December 6. 2014Driving Value in an OrganizationTEC Leadership Podcast - Driving Value in the Organization - Controller as Business Manager - George Satula - Jim Lindell TEC Leadership Podcast - Driving Value in an Organization - Controller as Business Manager - Jim Lindell Thursday, April 24. 2014
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Servant LeadershipServant Leadership - Thorsten Consulting Group, Inc. ©2014 ©2014 Thorsten Consulting Group, Inc. Friday, April 11. 2014The Desire for WealthBuilding Wealth - Thorsten Consulting Group, Inc. "The desire for wealth is understandable, the pursuit of wealth is underestimated, the harm in achieving wealth is misunderstood. - JL 4/14" The desire for wealth is understandable - Wealth can be attractive. It can be a tool to improve one's: life, family, or community. To pursue it to achieve a noble goal is the starting point for many. The pursuit of wealth is underestimated - The time commitment to achieve great wealth is sorely underestimated. This commitment may have many unforeseen costs that in retrospect are much greater than the wealth to be achieved. The harm in achieving wealth is misunderstood - Wealth that results in narcissistic behavior, reduced self discipline, reduced commitment to improving one's: life, family or community, is not wealth - it is a curse that is cloaked in a very seductive way. ©2014 Jim Lindell Thorsten Consulting Group, Inc. Monday, March 31. 2014
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Why is Monday the Worst Day of the Week?Monday is the Worst Day of the Week - ©2014 - Jim Lindell - www.thorstenconsulting.com
Consider the following image. It is as simple as 1+2=3. Monday is the Worst Day of the Week with a "5!" |
Jim LindellJim Lindell is a National Speaker, Author, and Vistage Chair. He is motivated by helping others improve their lives and businesses.
He is President of Thorsten Consulting Group, Inc. Order Jim's book - "Controller as Business Manager". controller as business manager - jim lindell - thorsten consulting group QuicksearchArchivesCategoriesSyndicate This BlogBlog AdministrationNetworked Blogs |