Ego Diversification

What does it mean to diversify your ego? Does that even make sense? In the investment world, diversification is de rigueur. Anyone who works with an investment advisor has heard them talk about the benefits of holding a diversified portfolio. The reasons are pretty straightforward, asset classes typically move differently and when one class is underperforming, … Read More

The Dark Side of Habit

Last month, I wrote about the power of habit.  I recently had two experiences with people I know well that reminded me there is also a dark side to habit. The closer the relationship, the more we think we “know” a person, the more we form habits or patterns in those relationships. If they do X, we respond with … Read More

Q3 2018 Confidence Index: Optimism Dips

The Q3 Vistage CEO Confidence Index – Economic confidence among CEOs continues its slow decline, according to the Q3 2018 Vistage CEO Confidence Index. The survey of 1,484 leaders of small and midsize businesses shows confidence decreasing from the 14-year peak set in late 2017, following the passage of the tax cut legislation. The Vistage … Read More

The Second Arrow

Last week my Vistage CEO group had the pleasure of hosting Dr. Srikumar Rao who presented his Creativity and Personal Mastery Workshop. Dr. Rao has been one of the top-rated and popular professors at many top Business Schools – including Columbia, Kellogg, Berkeley, London Business School and Imperial College. The message in Dr. Rao’s presentation: we create our own happiness. … Read More

The Power of Habit, Avoiding Decision Fatigue

How many times during the day do we pause and ask ourselves what was I intending to accomplish today, how did I end up here? According to one study, the cause of this is decision fatigue. Decision fatigue helps explain why ordinarily sensible people get angry at colleagues and families, splurge on clothes, buy junk food at … Read More

Taxes, trade and tariffs translate to trouble

One of the top five concerns noted in Vistage’s recent report Decision Factors H2 2018, is taxes, trade and tariffs. The new tax law has created as much uncertainty as opportunity for SMBs. Certain changes — such as the revised Section 179 deduction and 20% pass-through income deduction — are expected to benefit many companies. However, other … Read More

Cyberattacks are the Silent Killers of SMBs

One of the top five concerns noted in Vistage’s recent report Decision Factors H2 2018, is cybersecurity. If you have employees, customers or financial data, you are a target for a cyberattack. Cyber criminals are aggressively targeting small and midsize businesses (SMBs), and cyberattacks are increasing in complexity, frequency and severity. For many SMBs, those attacks are … Read More

Talent shortage goes critical

One of the top 5 concerns noted in Vistage’s recent report Decision Factors H2 2018, is talent shortages. The unemployment rate at 3.9% is near an 18 year low. Last week, the DOL announced the number of Americans applying for unemployment fell to a near 49 year low. By measure of most economists, we are at full employment; some say … Read More

Cost pressures broadening and growing stronger

The #1 concern noted in Vistage’s recent report Decision Factors H2 2018, is rising costs. As we near the end of the current economic cycle, for the first time, in a long time, in addition to a typical cyclical tightening, we are also experiencing inflation. Wages are rising, the Fed is raising short term rates, … Read More

Why Labor Day?

When the first nationally recognized Labor Day was celebrated in 1894, the day consisted of a street parade sending up a message of “the strength and esprit de corps of the trade and labor organizations” (in the words of the AFL). We have come a long way since then. Today most employers focus on offering … Read More