Search Results for 'doug phares'
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In the whirlwind of entrepreneurship and leadership, finding moments to step back and gain perspective is often overlooked but crucial. Much like the anecdote of Warren Buffet's seemingly blank calendar, reminding us of the value of taking time to think, E&P's Doug Phares shares his journey of rediscovering this wisdom amidst the chaos of launching a startup enterprise. more
A yesterday business falls back on “well this is how we’ve always done it, so this is how we should continue doing it.” And for much of American history, this strategy has been enough for plenty of businesses to succeed. But in the last 20 years, we’ve seen a growing class of disruptors who take the old model and find a way to change it for tomorrow. more
E&P columnist Doug Phares isn't expecting huge workplace changes during 2024. Instead, as he gazes into his crystal ball, he's predicting change will come with small, gradual steps. Read his predictions about pricing, AI and the job market. more
Managing personnel can be a fraught subject even in the simplest of circumstances. Specifically, it can be hard to balance your desire to do right by the company with your desire to do right by your people. This case study from 1969 offers a lot of insight into how employers should approach managing today. more
Fear is an inherently defensive feeling. It can lead to hunkering down and weathering the storm, but staying safe and growing are two very different things. In business, these two actions may sometimes be mutually exclusive. more
In many organizations, and certainly within organizations of size, a role arises out of necessity: the fix-it guy. This person has a particular talent for getting things done without planning. So when a problem suddenly arises or things get stuck, they’re the one that everyone rushes to. But, is the fix-it guy actually good for the overall health of an organization? more
As a manager, you must balance the things that need to get done and the time available. Are you spending your time wisely? Or are you wasting this resource on things that other people could be doing? That kind of examination is absolutely crucial to getting the most value out of your time. more
Employees who are happy with their current employers aren’t likely to be tempted into another position. So, how do you ensure you don't lose your people to a new, more appealing offer? Simple. You become the other job. Instead of the boring person at home, you become the mistress. more
Business momentum tends to be a more significant factor in gauging a business’ performance than many people think. Some of what is happening to you may be of your own making, but it’s important to remember that you're surrounded by outside forces that could change your trajectory. more
If you’re in charge, your team or organization will inevitably look to you for direction to help lead them down the correct path. And depending on the talent on your team and the type of organization, that might not take much. For example, when you have a lot of strength above and below you, it’s often much easier to make good choices and set a course you feel confident about. Other times, the next steps just aren't as straightforward. more
We’re well into the new year, and by now, you certainly have some sense of what you want to accomplish in 2023. I know because it seems like everyone has been forced to identify some goal, direction or thought for the year. But setting up a goal, or “strategic objective,”  is not the same thing as executing one. more
In this 165th episode of “E&P Reports," we review this year's contributions to Editor & Publisher Magazine from consultant Dough Phares's "The Corner Office, his monthly advice column for c-suite executives. Topics we cover include how to better onboard and retain quality talent, increasing productivity with what he calls a "Big Mac Presentation," and how to bolster sales by "Getting to the no," increasing a manager's self-awareness by asking, "Are you managing or doing?" And there's much more. more
I’ll give you some business advice you probably don’t get a lot: Stop. Stop already! Your business is trying to do too much at once; you’re trying to do too much. Stopping is often viewed as a failure or, at the very least, a lack of success. But “not winning right this second” and “losing” are very different things. But how do you tell what’s worth your time? more
Like it or not, unexpected situations are going to keep happening. Whether it’s a hurricane, a snowstorm, a tornado, a power outage or a new pandemic, the “unexpected” seems to be coming at an increasing rate. So, with that cheery thought buzzing around in your brain, what can we do about the big, scary unknown? As often happens in these columns, Doug Phares makes one simple suggestion: Be prepared. more
Just a couple of months ago, everyone was talking about the Great Resignation or the Big Quit. Whatever industry you were in, whether you were hiring a barista or a senior sales executive, suddenly everyone was desperate and hiring much more generously. Better salaries, better benefits, better everything. And hopefully, you got yourself into a stable position, because we’re entering a new era on the job market — the Big Regret. more
It's important for managers to take stock of what percentage of their time they spend leading versus doing. By leading, this means managerial tasks like project management and enabling your team to do the work. By doing, it means completing the vital functions that keep revenue flowing. more
If you’re reading this and your organization is still standing — congratulations! The worst of the pandemic, physically speaking, is behind you, and you’ve managed to navigate an unforeseeable global crisis for over two years. And your reward is an oncoming recession. more
The timeless pursuit of contracting experts to give new insights is a fairly standard practice in the business world. And whether it’s a consultant, a subject matter expert or anyone else, it’s vital in these situations to think of why you brought someone in to look at the situation and give their assessment. And, once you have someone you’re confident can help you, you have to listen to them! more
When sharing your financials with your team, try to not give people more information they need to perform their jobs. Isolate the things that are high-impact and they can control. For example, instead of issuing that 47-line sheet, offer routine updates with three items that they have the most control over on the revenue side and four items that they have the most control over on the expense side. more
Businesses used to pay newspapers obscene amounts of money to run help-wanted ads; then, job seekers paid for access to where the employers were. But monopolies rarely last forever, and like with every other facet of life, the internet came in and disrupted the traditional dynamic. So, what’s the alternative to a dating app culture becoming the way we hire people? more
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