Part 4 the final episode of A History of Malfeasance - Peter Noce
The first 3 parts of this story focused extensively on Ikimbo, throughout the story a shadowy figure Peter Noce keeps popping up.
Ikimbo Part 1 - I replace a CEO who threatened to quit if we didn't, in his words "sell," in reality give away Ikimbo to a company DDLabs run by Peter Noce
Ikimbo Part 2 - I discover an email documenting a deal where the Ikimbo CEO would get partial ownership in Peter Noce's company DDLabs if and when the DDLabs "acquired" Ikimbo.
Ikimbo Part 3 - Peter Noce's,...
Executive Coaching Keeps Your Brain Honest
Why do business leaders need an executive coach? Executive coaching keeps your brain honest. Got that? Your brain is constantly lying to you. Now I'm not just picking on you either because my brain lies to me too. Why just the other day it told me what a great looking guy I was, but that's another story. Modern neuroscience proves that we make decisions with a part of our brain we share with reptiles...
When we last left our protagonist (see part 1) he, as in me referring to myself in the 3rd person as if I'm some kind of hero, had just stepped into a pile of poo called Ikimbo. Ikimbo at one time was one of those magical acts of reverse-alchemy where mismanagement, misdirection, and misrepresentation spun gold into a pile of turds (see turd to gold ratio).
The first day I went to work with the following priorities:
Earn team trust and limit the loss of talent
Take stock of assets and liabilities
Cut burn rate
As I arrived in the office for my...
It was May, 2003. I had just finished my first "turnaround" as the President of Astracon, a Denver-Colorado/Brisbane-Australia-based company that had raised over $70 million from Cisco Systems, Geocapital Partners, The Edgewater Funds, Cross Atlantic Capital Partners and Australasian Media & Communications Fund. We sold the assets of that company with a less than stellar result. In the end, the investors realized a $2 million return on a $70 million investment. I was pretty sure that was my last "turn-around."
Looking back on Astracon I'd blame the poor results on sub par execution, specifically, a lack of attention to results, an inattention...
Business Focus Introduction
In business, especially in small business, the importance of business focus can't be overstated. In small business the rule should be
first things first and second thing never.
Enter Susan Trivers, the Soup Lady. Last week I met Susan at an event where we shared respective business stories. Susan's business, The Trivers Consulting Group, is revenue focused consulting practice. As I asked her how she got started, Susan related an interesting story.
The Soup Lady
Many years ago, sometime between when dinosaurs roamed the earth and prior to the explosion of the world wide web, Susan purchased a carryout restaurant. In those days...