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Jim Blasingame

Business futurist, award-winning author, speaker and columnist

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Archives for January 2020

Grow your Leadership Tree with four power questions

January 24, 2020 by Jim Blasingame

Most agree that there are many traits of an effective leader, including competent, professional, visionary, trustworthy, confident, a communicator and, of course, courageous.

But great leaders are set apart further by three other qualities.

1. Servant-leadership. In the 21st-century marketplace, the prime devotion of great leaders is to their people because they know it’s through engaged, high-functioning teams that their own goals are achieved.

2. Honest curiosity. This quality has two parts that are as inextricable as the sides of a coin: 1) A great leader is devoted to asking questions, and 2) they listen.

3. Mentor mentality. The most successful and beloved leaders I’ve known had a trait that’s often overlooked: They mentored their people to become leaders. Great NFL coaches like Vince Lombardi, Bill Walsh, Tom Landry, and Bill Parcels became legendary through the subsequent performance of the coaches they mentored. It’s called the Coaching Tree.

In that spirit, allow me to introduce the concept of a Leadership Tree.

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Filed Under: Ethics / Trust, Human Resources, Leadership

Seven ways to cut yourself some SLACC in 2020

January 17, 2020 by Jim Blasingame

People make New Year’s resolutions all the time. But do you know anyone who actually kept one? OK – one person. But that’s the guy who reminded the teacher she forgot to assign the homework.

Knowing how impractical – bordering on futile – resolutions can be, there’s a different way to kick off the new year in your business. I call it Strategic Look At Critical Components, or SLACC, for short. So, instead of getting all bound up in annoying resolutions, just cut yourself some SLACC.

SLACC works when resolutions don’t because it comes with three things essential for effective change: a purpose, a plan, and measurement.

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Filed Under: Entrepreneurship, Management Fundamentals

Eleven financial fundamentals every small business CEO must know

January 11, 2020 by Jim Blasingame

Regardless of the size of the business, the ultimate responsibility for success lies with the CEO. If you’re a small business owner, that’s you. And the most critical CEO tasks that result in success or failure lie in the knowledge and practice of financial management fundamentals.

Recent statistics show that over half of small businesses fail within the first four years. Clearly, that mortality rate could be significantly reduced if, before a business opens, the founder/CEO was required to pass a course that teaches business financial fundamentals and how to operate a business with them.

Don’t worry. Your humble advocate would never presume to lump you in with those who need business finance schooling. You, no doubt, are squared away on that score, but perhaps you know a small business CEO who isn’t. And let’s say you’re keen to give that CEO – your “friend” – the maximum opportunity to avoid becoming a marketplace battleground casualty.

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Filed Under: Ethics / Trust, Finance / Accounting / Taxes, Leadership

Jim Blasingame’s 2020 crystal ball predictions

January 4, 2020 by Jim Blasingame

Here are my 2020 Predictions – my 21st set – by major category. Through 20 years, my record is 73% accuracy.

Small Business

Prediction: Small business confidence will remain strong for the fourth consecutive year, exceeding the NFIB Index’s almost half-century average.

Prediction: For the 13th straight year, small businesses will continue to limit borrowed capital and rely on organic resources to fund growth.

Prediction: The USMCA and China trade deals will deliver direct and indirect economic benefits for U.S. Main Street businesses.

Prediction: A growing number of state minimum wage increases will cause harm to the least of the marketplace participants: the smallest small businesses and low-skilled workers.

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Filed Under: Demographics, Generations, Futuring, Government / Politics, National and Global Economy

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