Wednesday, April 16, 2008

Sharpen the Saw

Everyone knows that business is changing rapidly. Are you ramping up your skills just as quickly? I doubt it. Most CEOs are sucked into working on the tactical aspects of the business. All the big money is in the strategic. Big strategic progress comes from new knowledge, information, and the guts to work on applying it.

In small business, there are two aspects to sharpening the saw: knowledge acquisition and thought process challenge. Big business does a better job at both. Training is a staple in a large corporate environment, but establishing a sounding board, at least, can be a huge improvement in a small company. Without a sounding board, you are a boat without a sail.

How to sharpen your saw?
- Attend seminars and workshops
- Join an industry group
- Benchmark
- Read one business book per month
- Form a board of directors (this board must be paid or this process will fail)
- Join a CEO peer group

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