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A while back, Laddie was approached by a business owner who had the chance to buy another business that would complement the current operation. He was in a quandary because it looked like a great opportunity but it also carried substantial risk that would impact his existing business. He hated to lose the opportunity but… Continue Reading Opportunity might be tempting, but weigh the risks

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Much of the existing advice on change assumes that the people who are leading a change are the same people who conceived it. Unless you work in a very small organization, that is usually not the case. Think about your own experience with leading change projects. How often were you the originator of the idea?… Continue Reading Clarifying roles is critical when cascading change

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Profiting from your mistakes

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Nobody likes making mistakes but we’ve all made them. You can’t run a business without making mistakes and we’ve sure made our share. Over the years, we’ve bought things we shouldn’t have bought, misjudged the direction of opportunities, failed to conduct adequate research before jumping into something, and made unfortunate hiring and partnership choices. If… Continue Reading Profiting from your mistakes

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What is the relationship between public health and health care in our community? The answer is “partnership.” The overall health of our community depends on collaborative efforts between El Paso County Public Health (population focused) and our local health care providers (patient focused). Both public health and medical providers offer programs and services that address… Continue Reading Public health, medicine is an essential partnership

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Raise the roof for change

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What organizational changes are on your leadership to-do list? If you’re like most leaders today, you have many problems to solve and a host of complex, unwieldy dilemmas that seem beyond solution. Challenges that defy easy answers are everywhere — finding the right business models in shifting markets, innovating to stay ahead of the competition,… Continue Reading Raise the roof for change

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Have you ever been burned by a contract or committed to something you later wished you could get out of? Business commitments can be risky because they lock your company into obligations that could potentially have a negative impact on the company in the future. While the risk of commitments can be a problem for… Continue Reading Commitments, contracts are risky for small businesses

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It happens every day. A member of the workforce decides to take a risk to tell their truth to senior leadership about a business problem and there is a reprisal. Not only can you say goodbye to trust, since this kind of situation goes viral, but you can also probably forget having a workplace environment… Continue Reading When workers can’t be honest with bosses …

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Your most important resource is your time

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A lot of people believe money is their most important resource, but we think they’re misguided. Their most important resource is time. You can get more money through various avenues but once time is gone, it’s gone forever. You can’t buy more or borrow more, so time is a limited resource that expires every day.… Continue Reading Your most important resource is your time

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Bring strategic plan to life

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The other day I overheard a business owner utter the classic lament, “We spent so much time and effort developing our strategic plan, and it’s pretty good, too, but we just can’t seem to make it stick.” Breathe life into your strategic plan by designing a blueprint to support it. Create an operating plan that… Continue Reading Bring strategic plan to life

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Stingy. Overly conservative. Flush with money but not willing to help the average business owner. These are common remarks we hear about banks. Most of these comments come from a common misconception that banks are in the risk-taking business. Actually, nothing could be further from the truth. Making loans is simply the process of renting… Continue Reading Want a small business loan? Think like a banker

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