The Importance Of Being Consistent
Jun 10 2012

I’ve been observing businesses from several different perspectives for most of my career.  After I became a mom, I began observing other parents so I could learn from them.  It’s clear to me that being consistent in action whether it be disciplinary or rewarding in nature is very important….but so very hard to do “consistently.”

If you aren’t consistent as a manager/leader or as a parent, your team or your kids can easily get confused and frustrated.  They aren’t sure what behavior will result in what reaction from you. If you keep changing direction before your team or your kids understand where things are going, it can result in fatigue and rebellion.  I’ve seen this happen countless of times in business.  The entrepreneur/CEO isn’t sure where things are headed, so they shift directions before the team gels and can improve the situation or in really bad cases they don’t even tell the team, and they find out only when they are in a random meeting weeks later!  I’ve seen cases where one day the manager is happy with the way someone is doing something and the next day they act as if they have no idea what you are talking about.

I’ve seen parents (myself included) say one thing and do another because we are tired, not sure what to do, feel guilty, are under extreme emotional duress, or think because someone else is doing something a certain way we should too. It’s not easy being consistent from bed times to drop off/pick up times to homework with your kids as well as expectation setting, messaging, or rewarding your employees.  I’m sure someone somewhere has done a more scientific study than I have that would prove the value of being consistent.  If it were easy, I’m pretty sure we’d have fewer wars! 🙂

Letting Go Of Perfection And Checklists
May 17 2012

It’s hard to say if letting go of perfection and checklists are related or not, unless of course you put “be your silly self even if someone looks disapprovingly your way or feels threatened by your authenticity” on your checklist. 🙂

A friend posted a 2010 article on facebook recently called Want to be happy? Stop trying to be perfect.  It’s so true.  I don’t know where we get that intense fear to be perfect and do it all correctly based on some model someone or a group of people or some stupid TV show put in our mind.  I think part of the reason reality TV shows have done so well is because those who have time to watch them inevitably feel better about themselves when they see they aren’t as screwed up as some other people out there!  You must watch the author’s video about the topic and her years of research: TEDxHouston – Brené Brown (youtube).  She delivers her message in a very authentic/real way and that’s what we are all striving to be: authentic and accepted for who we are.  I like the slide where she equates a breakdown to an awakening.  I’ve been there, done that and got the t-shirt.  I hope I can help guide others through their awakening process because it’s painful.  I’ll be attempting to do a little of that this weekend by being on the support team for the Search Within program that I participated in over 2 years ago.  The founders of the program will be holding their last events this year after 15+ years of organizing them.

Another interesting read I found via Marc Andreeseen’s blog is called The CEO’s Weekly Checklist by Scott Weiss.  He says you should “Push the Team. Sell the Vision.  Arbitrate Disagreements. Manage by Walking Around.  Talk to Customers.”  It made sense to me since I’ve worn those first time CEO shoes before.  I might change the order, but other than that these are good guidelines.  In my opinion, the number one job of a top notch CEO/President is to find the right people and orchestrate them towards success.  It is much easier said than done.  You have to get your ego out of the way and not be threatened by the authenticity you see in those people.  If you hire them and don’t listen to them, then you might as well dig your early grave from a business as well as your employees personal health perspective.

3 Quirky Business Ideas That May Just Be Brilliant
May 2 2012

Following is a guest post by Amanda Green.  Amanda writes extensively on the subjects of business and personal finance.

3 Quirky Business Ideas That May Just Be Brilliant

Great ideas come from anywhere. You can be standing in line for ice cream and voila—new business plan. That’s part of the glory and excitement of entrepreneurial thinking. It’s like magic sometimes! Lately, I’ve had a few quirky little ideas pop into my hopper that I think may actually be borderline brilliant business models—sorry if that sounds arrogant. The following are my latest offerings to entrepreneurial readers looking for inspiration:

Vending machines for zines—I’ve always loved zines, those little nostalgic holdovers from the 80s that just don’t seem to go away. Many traditional zine makers now operate online, the new village square. With the rise of the Internet, I actually see a niche for a return of physical off-line zines that could make for a good business. I could see it operating out of a vending machine, which could be customized in any number of ways. It may be time to contact 1 800 Vending before someone steals my idea. Although I guess I need to think about how I’m going to get all those zine publishers on board too…

Place based messaging app for parents—Parents use technology too. In fact, stay-at-home moms are some of the newest early adopters of helpful smartphone apps. The success of location based media apps like Foursquare and Gowalla also demonstrate many openings for innovation in this field. I suggest a place-based messaging app specifically designed for parents on the go, offering specialized discounts for check-in’s at parent-friendly venues and businesses. This app could also offer a GPS-like service that may behoove a soccer mom with a minivan full of screaming children.

A parent-friendly Internet radio service—Pandora and Last.Fm are great. In fact, I use them all the time, as do millions of other Internet users. But the problem for a parent is that you can never be sure whether something inappropriate will sneak into your playlist. Sure, they claim to have filters for that, but the reality is parents should be able to have total control over the content they expose their children to without resorting to guesswork. I think there would be a huge market for a parent-friendly internet radio service that operated similarly to Pandora, but with an algorithm that specifically eliminated any untoward subject matter from playlists.

Alright, truth be told, these ideas might require a little start up capital. And some brilliant marketing! But I think with ample time and effort they could catch on and appeal to certain niche markets.

Note: Consideration was received to review, edit and post this article.

Founder Dating And Other Interesting Links
Apr 29 2012

I saw this hit the Bootstrap Austin list a week or so ago: Founder Dating.  If you want to start a company right now but don’t know how to find the right co-founder, then this site might be for you.  I haven’t used it so I can’t personally vouch for its efficacy, but if I did want to start a company right now (which I don’t), I’d certainly check it out.  My main start-up ventures at the moment are my two kids.  I would definitely work for a start-up/fast growing company, but my founder status is tied to my kids for a while.

Have you ever thought about forming a partnership in your business?  Then you need to read Self-Fueling Partnerships by Bob Barker in a recent Texas CEO magazine edition.  He discusses reasons why to partner and how to do it effectively.  Many partnerships go bad as we’ve seen on the front pages of too many newspapers/websites so take his advice before getting into one.

How To Be Creative in the Wall Street Journal. “The image of the ‘creative type’ is a myth. Jonah Lehrer on why anyone can innovate—and why a hot shower, a cold beer or a trip to your colleague’s desk might be the key to your next big idea.” In the article it says “Steve Jobs famously declared that “creativity is just connecting things.” Although we think of inventors as dreaming up breakthroughs out of thin air, Mr. Jobs was pointing out that even the most far-fetched concepts are usually just new combinations of stuff that already exists. … Recent research confirms Mr. Jobs’s wisdom. The sociologist Martin Ruef, for instance, analyzed the social and business relationships of 766 graduates of the Stanford Business School, all of whom had gone on to start their own companies. He found that those entrepreneurs with the most diverse friendships scored three times higher on a metric of innovation. Instead of getting stuck in the rut of conformity, they were able to translate their expansive social circle into profitable new concepts.“

MINIDonations, QR Readers, and Fundraising
Apr 20 2012

I was on the committee to help with my kid’s school (Magellan International School) big annual fundraiser, Noche de Gala.  I played a small part in a great event held at the Bob Bullock museum last weekend.  The theme was “peace” so most of us wore white dresses or suits.  There were many big and smaller items to auction

The lead organizers did an amazing job pulling everything together across multiple facets.  I was one of the people in charge of collecting payments on items that were auctioned off and this year we used some cool technology.  We downloaded free QR readers to our iPhones or Androids.  We scanned the QR codes on the back of the bid card of the person who won an auction item.  If the scan was successful, a page popped up hosted by MiniDonations with all their information pre-loaded.  We just had to enter their credit card information and the amount and it was processed and subsequently put into the appropriate school account.  It was kind of fun and neat to use and made me feel so efficient and powerful! 🙂   The only thing I would recommend that MiniDonations add to their interface is a field for comments so we could put a note regarding what item the bidder was purchasing.

I always like using technology that makes things easier while being fun to use!

Insta-Success, Connected But Alone, Finding Your Voice
Apr 12 2012

I, and many others, still can’t fully figure out how Instagram got sold for $1 billion to facebook within 17 months of being founded.  Why are some people in the right place at the right time doing the proverbial right thing to bring them that kind of lottery like winnings?  It makes my head hurt trying to rationalize it all, but congratulations to them!  May they use their new found wealth wisely.

A friend sent me a link to this Ted Talk called Connected, but alone? by Sherry Turkle.  It’s an interesting take on the dangers of us being connected virtually but not personally.  I agree with some but not all of what she says.  We are a much more distracted society and what we define as being alone and lonely have changed over time.  She says that people flock to social networks because deep down they feel like no one is listening and said “we expect more from technology than we do from each other and being alone feels like a problem that needs to be solved.”  And more profound “I share therefore I am.” And “Solitude is where you find yourself.”

Fred Wilson, A-list venture capitalist blogger, posted about Finding Your Voice and how blogging has helped him and his wife find and express their voices.  Social media has helped him and others find their place in the Internet world.  Arguably, there are some out there who many of us would be fine not reading or hearing about, but for many of us who struggled to express ourselves growing up, it’s a great medium to share and discover we are not alone in the way we think, feel, and process information.

Generation Flux And Women Leaders
Mar 26 2012

Two very interesting reads.  One by Fast Company on the changing nature of our workforce and a redefining of generation based on the way people view their careers regardless of their age.  The other is by Harvard Business Review on whether women make better leaders.  Here they are:

This Is Generation Flux: Meet The Pioneers Of The New (And Chaotic) Frontier Of Business.  Janelle Monney, an executive coach, told me about this article.  I got both exhilarated and mentally exhausted reading it because I was wondering if I could keep up with this career flux until I’m 80 like some of the folks mentioned in the article.  I think it’s because most of the people mentioned in the article didn’t have two little kids fluxing around them while they were bouncing from project to project! 🙂 I was introduced to Janelle by Peter Strople, an instant-change agent who knows pretty much everyone worth knowing on this planet.

Are Women Better Leaders than Men? “But the women’s advantages were not at all confined to traditionally women’s strengths. In fact at every level, more women were rated by their peers, their bosses, their direct reports, and their other associates as better overall leaders than their male counterparts — and the higher the level, the wider that gap grows” (see charts shown in the article.)

The Narcissistic Family – Entrepreneurs, Bosses and Employees
Mar 24 2012

I recently read one of the most interesting and eye opening books that I have read in the field of psychology.  Admittedly, I have not read that many psychology books.  A good friend gave it me and it’s written by psychologists for psychologists.  It’s called The Narcissistic Family: Diagnosis and Treatment (Amazon affiliate link).   It’s easy to identify overtly narcissistic families (i.e., they include alcoholics, drug addicts, physical abusers, physical long term abandonment, etc.) but it’s harder to identify covertly narcissistic ones.  The covertly narcissistic families look quite functional to the outside world, but usually most things revolve around the parents/caregivers and on occasion attention goes to the child but usually when it’s in the best interest of the parent.  There is very little empathy or understanding of the child’s emotional needs and feelings.  According to the book, covertly narcissistic families can have as strong an impact on survivors of those situations as those from overt ones.  Ironically, survivors of covertly narcissistic families  can find it harder to understand their struggles because it’s not as easy to understand as “my father beat/molested me, therefore I’m a mess.”

They refer to the story of Echo and Narcissus with the metaphor being Narcissus as the parent(s) and Echo as the child who can never gain the love/acceptance of the parent unless it’s on the parent’s terms because the parent is too busy trying to sort out their own issues.  Now apply that to the working world…seriously!

The book isn’t about assigning blame but helps survivors of such families (also work systems) to put into different boxes a) parents did what they did because they were dealing with what they were dealing with and b) child did not get emotional needs met and in fact had to parent/meet emotional needs of parents.  The child gets mixed signals and doesn’t really know where he/she stands in relation to the family or parent (boss).  Children growing up in the same family can have different experiences based on the perceived threat of that child to the parent’s sense of self.  Often adult survivors get those two boxes mixed together and have a hard time separating the two resulting in blaming themselves for not doing everything “right,” inability to heal and put things in perspective.  They often have a hard time understanding and properly articulating what they are feeling because their feelings weren’t validated so they feel embarrassed, ashamed, angry, get involved in destructive behaviors, etc.  They were walking on eggshells always trying to please their parents/bosses (a constantly moving target).  Oddly, many of these survivors are often quite successful professionally, but are unhappy.

I’m still processing the implications of the information in this book for my own self development (as a mother, a daughter, an entrepreneur, an employee, a boss, etc.) as well as prior and potential future work environments or personal relationships.  I highly suggest it for those in positions of leadership and for those who find themselves feeling like they can’t ever get it right.

SxSW Interactive Wrap-Up and Why Most Startups are DOA
Mar 18 2012

My 2012 SXSW Interactive experience this past week was very low key.  No badge.  A few days.  A few parties.  All productive.  Great networking for my consulting business where I’m focusing on operations and partner/client management projects.  I was home by a reasonable hour every evening.

I’ve had dozens of meetings scheduled since then, met people I haven’t seen in a while, and I’m helping organize a reunion for the B2C (business-to-consumer) and Web CEO groups I was a part of when I was working on Babble Soft.  Many of us are in transition times like I am, which is par for the proverbial entrepreneurial course.  I really enjoy networking and connecting people to each other.  I even made some almost random connections for the very cool 1 Semester Startup team I’m mentoring called beDJ.  If only I could charge big bucks to do that. 🙂

I have seen so many start up companies with big dreams of launching at SXSW interactive.  Most of them make a big splash and then you don’t hear from them again.  I thought this post on TechCrunch the other day was very well timed: Why Entrepreneurs Fail And Most Startups Are DOA.  Entrepreneurship (especially in technology) is not for the feint of heart.  It’s mostly for the insane, stupid, independently wealthy, ones with extremely supportive spouses/pets/friends, ones who are calculated risk takers who can rebound quickly from mistakes and failure.

South By Southwest Interactive – 2012
Mar 9 2012

This is the first time in 4+ years that I don’t have a badge to SXSW Interactive (March 9 – 12, 2012).  I attended for the first time in 2008 and then did a panel in 2009 called Building A Web Business After Hours.  My last few years of posts on this event can be found by clicking HERE.  I’m using a picture (facebook, twitter, myspace) in this post I took last year of a woman’s t-shirt that almost perfectly describes the last few years of the SXSW experience.

I’ll be in and around the scene at parties (starting March 8) when and where I can.  I’ll do my best to support my entrepreneur friends in their shameless self promotion and wild depravity.  I’m looking forward to networking and running into people I haven’t seen in a while, including some of my loyal readers. 😀

Why Every Small Business Should Have Inventory Management Software
Mar 8 2012

Following is a guest post by a writer for Ordoro, a company I used to work with while I was at the Austin Technology Incubator.  When she reached out to me to see if I would accept a guest post, I chuckled and thought what a small world it was.  I like the team at Ordoro.  They are doing great things and making a difference for small businesses.

Carolyn is a guest post writer on the subjects of small business management, small business tools, and inventory control. She believes that the right software is an essential part of what it takes for startups to succeed.

Why Every Small Business Should Have Inventory Management Software

Inventory will hog all of your company’s cash if you allow it to do so. Think about it. You pay your suppliers, and you wait for them to ship goods to you. Then you wait for your employees to turn those goods into finished products you can sell. Once the products are ready to sell, you have to wait for customers to buy them. As you may have noticed, turning inventory into cash involves a lot of waiting. That’s why it’s essential that you do everything you can to increase your inventory turnover rate as much as possible. When it comes to inventory control, one of the most effective tools a small business owner can take advantage of is inventory management software. Here’s what inventory management software can do for your small business:

• Inventory control software helps you identify what you need to order from suppliers at any given time. This kind of software gives you a clear picture of your inventory levels. If your bestselling product is almost sold out, it’s probably crucial that you order more of it as soon as possible. If you aren’t using software that allows you to monitor your inventory levels easily, it’s much more difficult to order what you need when you need it.

• Small business inventory software helps you identify slow-moving products. If you analyze the data provided by inventory management software, it will be more simple and efficient for you to identify products that are slow-moving. Once you know what isn’t selling, you can order less of it from your suppliers and ultimately have more cash freed up to purchase other inventory that is selling well.

• Tracking inventory shipments from multiple suppliers can be difficult, and inventory management software can help. It’s crucial that you know when inventory is going to arrive, so you can plan your sales efforts accordingly. Inventory management software is probably the best tool to use if you want to track your orders and shipments from different suppliers.

• If you’re an e-commerce merchant, inventory management software like the software offered by Ordoro will help you keep track of your inventory across multiple webstores. It’s no small feat to keep track of what’s being sold where and what’s in stock overall as a result. That’s why it’s generally a good idea for e-commerce merchants to enlist the help of some quality software, especially if they’re trying to run a small business without much help from anyone else.

Inventory management software is hardly ever expensive, especially when you consider the ROI. With this type of software, you’ll be able to increase your inventory turnover rate by ordering what you need, halting orders of what you don’t need, getting the most out of your relationships with suppliers, and staying organized no matter how many stores or webstores you own. So, why make things harder on yourself without this integral software tool?

Kiva launches Kiva.org/women and Partners with Dermalogica to Give Away $100,000 in Loans
Mar 6 2012

The following is a guest post from Kiva’s press team:

Kiva launches Kiva.org/women and Partners with Dermalogica’s joinFITE to Give Away $100,000 in Loans to Women around the World

KivaFor those of you who have made loans on Kiva.org in the past, this will come as a piece of good news. For those who haven’t – it’s a double whammy: you’re being introduced to Kiva AND finding out about their newest venture!

First, here’s what Kiva does, in a nutshell: Kiva.org is the world’s first and largest microlending website where anyone, anywhere can help alleviate poverty and empower entrepreneurs across the globe through loans as small as $25. Lending through Kiva creates a ripple effect in a local economy because with as little as $25, you enable an entrepreneur to build their business and bring goods to their community. As these businesses grow, so do other opportunities: to employ other members of the community, or to make enough money to send their children to school and learn to perhaps become business owners themselves one day. So your $25 loan might help lift an entire village out of poverty!

The best part: When the loan is repaid, you can choose to re-lend your money to help another entrepreneur, maintaining a growing cycle of progress. If you want to read some wonderful entrepreneur stories for yourself, check out how Flaura’s photocopy business, Kumri’s sewing shop, Glory’s goats and Grace’s peanut butter came about or reached their potential thanks to Kiva loans.

The latest piece of good news from the folks at Kiva is that, in honor of International Women’s Day, they are launching Kiva.org/women on March 7, 2012 to help empower women and create sustainable change.

To kickstart it, Dermalogica’s joinFITE program is funding a $100,000 Kiva Women free trial program. What does this mean for you? Free money! You’ll be able to make $25 loans to a female borrower of your choice without fronting a single penny (for as long as the Dermalogica money lasts).

Just for the record, Kiva has already been helping women around the world: since its launch in 2005, more than 80% of the loans funded through Kiva have been to women borrowers in 60 countries including the United States. Kiva has connected more than 600,000 women borrowers to nearly 650,000 lenders, crowdfunding more than $200 million in loans to women.

Because women have proven to be such massive agents of change in impoverished communities when given a minimum of resources, this program is designed to focus specifically on them.

Check out the press release on the topic or go ahead make a loan through Kiva.org/women as soon as you have a chance.

Little Helping Hands – Leap Year
Feb 29 2012

Today I had the privilege of attending a fundraising lunch for Little Helping Hands, an Austin based non-profit that assists children/families in in volunteering for great causes in Austin.  It was founded by two philanthropic, social entrepreneur parents who wanted to instill those same values in their kids.  They organize kid friendly events so other non-profits in Austin can benefit from families and kids who want to volunteer together.  Examples include helping to assemble and disassemble computers for organizations like Goodwill and giving out totes full of clothes and goodies to kids in foster care, etc.  My good friend Rachel Muir invited me to the event.  I am looking forward to finding an event where the kids and I can go volunteer together someday soon.  I don’t think my kids realize how lucky they are and how much they have.  I think instilling “giving back” values at this age will be valuable for them and whatever community they find themselves living in when they are older.

Happy Leap Day 2012!

Bazaarvoice Goes IPO
Feb 25 2012

Congratulations to the Bazaarvoice team!  They are the latest Austin technology company to go public.  It happened yesterday.  I have friends who work there and I’m very happy for them.  It takes a lot to go from zero to public and for Austin’s sake, I hope they continue their growth trend and create value.  As I commented on the Austin Startup post on the topic, Bazaarvoice’s going public creates value not only for those who work there but also value in terms of dollars invested in future start-ups and experienced people to advise/mentor them.

The founding team also emphasized building a positive culture and showed that policies like having no set vacation days can work when you trust your people.  It will be nice to have people in the community who have experienced that kind of culture go seed other companies.

Their success is Austin’s success!

Management Teams, MBA Monday’s, The Crucible
Feb 20 2012

Fred Wilson has been doing a very interesting series on Management Teams for the last several weeks on his blog.  It is part of his MBA Monday series and this section was on building and maintaining the management team. They just did a wrap up post called The Management Team – Guest Post By Jerry Colonna – The Crucible of Leadership.  It’s well written and gets to the heart of the matter of what makes the difference between good and great leaders and managers.  So much easier to say than do.  I feel like I’ve been through a Crucible and I hope that I’ll get an opportunity to see what I’ve learned about the topic and practice my leadership skills.  Empowering people and getting things done are near and dear to my heart and apparently seem to align to my strengths according to Strength’s Finder 2.0.

Bottom line is that we are all different.  We aren’t Steve Jobs or Bill Gates and we shouldn’t strive to be.  We need to find that place where our passions, skills, and opportunity come together. constantly look inward and then work on it until something happens.  We need to accept and stare our demons down as we can’t fight them because the more we do, the more they stick around to haunt us.  Surrender to the demons and they will surrender to you or leave you be is what Colonna mentions in his post.

Time Is The Undeniable Constraint and if you find that rare person who has put so much into looking inward then as I said in my recent post on Leadership, Management and Unicorns, try to get a front row seat to see how they do it.