Thursday, March 18, 2010

Tips from Jim Muehlhausen's Book - "The 51 Fatal Business Errors and How to Avoid Them"

In The 51 Fatal Business Errors and How to Avoid Them by Jim Muehlhausen, the author uses colorful language and shares the stories of many CEOs with whom he's consulted to describe 51 ways to become a more effective CEO. 

Some of his tips include:

• Listen and move on.

• A CEO’s job is to provide best solutions, not just a solution.

• When you allow the customer to constantly create one-off transactions you are herding cats.

• The best way to learn to be more objective is to get a fresh pair of eyeballs. This can be a consultant, a board or a hire from outside the industry.

• Manage outputs rather than inputs.

• Find someone outside the company in whom you can confide.

• Being a highly effective CEO involves moving outside your comfort zone.

• Work with laziness, not against it.

• Delegate, but check important results, processes and functions.

• Do what you know needs to be done.

• Don’t be afraid to make dramatic changes.

• Make a list of everything that you have been meaning to do or complete.

• Throwing too many new ideas at a new employee is like dumping bricks in a pile and calling it a house.

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