Sunday, August 9, 2009

All Money Ain't Good Money

Six Army guys are sitting around a round table in a barracks common room. They are louder than the 2 feet in between them calls for and they are talking a lot of crap. They are punching each other, calling each other names that cannot be repeated in good company and have scowls on their faces that could scare the devil. Their hands rise up in violent fists and the table rattles from the force of hit.


Anyone walking by would mistake this scene as a full on brawl deserving of a call to the police. But upon further reflection it is clear that these folks are really having a good time. In between foul names, there is laughter, smiles, pats on backs and a single refrain repeated by all at the table "ALL MONEY AIN'T GOOD MONEY".


Dominioes or bones as it is called by those that play often is the name of the game being played. This game, which requires matching values (black dots) together in either a straight or directly connected L shape, in the attempt to get all of your "bones" on the table and reach a specified point range before anyone else. This is not just simple matching of dots. A player must understand strategy, math and management in attempt to empty his hand. For example, you could have only one bone in hand while others have many, but playing the wrong tile because you did not watch the player two seats ahead, could effectively allow others to redirect your line of values. This could leave you holding the last bone and lose the hand.




Hence, the saying. See, just because you see a way to increase your value, doesn't mean it's the best move. If you put down a bone that has a 5 on one side and is blank on the other in your attempt to gain points (or money) you can open up the board to an opponent and
get blocked in.


Now, how in the heck does this pertain to business? Simple, all contracts aren't good contracts. All investment dollars aren't necessarily good dollars. All opportunities aren't good opportunities. You get it now, "all money ain't good money".




When you are deciding on whether to take a business opportunitiy, loan or partner stop for a minute and think about your strategy. In your haste to empty your hands of your bones, make sure you have not inadvertently blocked yourself in. When your Uncle Joe comes to you with the "perfect item" for you to sell. When you see an add on the television proclaiming their are "free grants" for small business owners. When you get told that the government is "just waiting to contract with veterans in business". Take a moment to reflect on your company and goals. Ask yourself:



  • Is this from a credible source?

  • Is this a good strategy for my business?

  • Am I reacting to a faux opportunity?

  • Have I paid attention to my past experiences or what my competition is doing?

If you cannot do that, find assistance that is objective. The VBRC is one such place (http://www.vetbiz.com/). We can assist you with answering those questions and try to help you make decisions that won't leave you with "bad money".

Article on Leadership in Changing Times

I ran acoss a wonderful article in FastComany magazine that is an excellent short interview with Ron Heifetz, PhD on leadership. I must admit I am a super Heifetz fan, and who would not be. At 48 years old, he is director of the Leadership Education Project at Harvard University's John F. Kennedy School of Government and is considered to be a great authority on impactful and meaningful leadership.



I was introduced to Heifetz by another professor, Dr. John Robinson, at Webster University where I am pursuing my doctoral degree. In Dr. Robsinson's class, we read Heifetz Leadership Without Easy Answers and his subsequent book with Lintz 'Leadership on the Line'. These two books were supplemented with 'Real Leadership' by Dean Williams, who expands on Heifetz's work. While reading these books, Dr. Robinson had us review our own leadership through the lens of what Heifetz calls 'adaptive leadership'. I must tell you, I learned much about myself, my strengths and my areas of opportunity in this short 9 weeks. I would suggest anyone interested in understanding how to become a better leader check these books out. They are packed with great information in easy to read chapters in a story type format.



Columnist William Taylor does a decent job of asking Heifetz questions that really summarize his theory on leadership and leave the reader wanting to know more about Heifetz work. He discusses the value of truly listening, making people uncomfortable, maintaining energy and more.



You will enjoy the read. Enjoy the article. http://www.fastcompany.com/magazine/25/heifetz.html