"...keeping you great"
Stories Needed Next FORTUNE Column -- are you a US business executive that has "escaped" overseas and found it helpful to you and the business? More below, but first...
5 Ways to Stretch Paychecks -- pay raises only go so far. My latest FORTUNE column is entitled "5 Ways to Help Your Employees' Salaries Go Further." Take 1 minute to read the details behind these five tips:
- Operate efficiently (read why in column)
- Invest in financial education
- Help them raise their credit scores
- Provide low-cost grocery perks
- Let them augment their income
BTW, I didn't have space to expound on this last point, but Tom Peters always pushed the idea of turning your cost centers into profit centers, letting your internal teams do some outside work (design, accounting, LEAN training, etc.) to give them some variety in their work and to augment your costs and their wages.
Keys to Partnering with Heavyweights (Biz Dev book) -- Bernie Brenner, founder of Truecar.com, a recent NASDAQ listed company (TRUE) he built through strategic partnering with giants, has written a book on how to do the same in your business. The book is entitled The Sumo Advantage: Leveraging Business Development to Team with Heavyweights and Grow in Any Economy. The key distinction in the book is between 800-lb Gorillas and Sumos. To quote from the inside jacket cover (which I found insightful):
Bill and Melinda Gates' Stanford 24 min Speech -- in the first joint commencement address in Stanford history, Bill and Melinda Gates delivered what FORTUNE considered a speech to join the ranks of Steve Jobs classic address in 2006. Take 2 minutes to read FORTUNE's highlights of the address, particularly giving praise to Melinda's thoughts (role of luck, the importance of getting your heart broken, and why to be optimistic). And at the bottom of the article is a link to the full 24 minute speech starting at 1:08:26 in the ceremony (though you can start at 1:12:00 and not miss much but some introductory remarks). My favorite line by Bill Gates, when visiting a hospital of patients dying of drug resistant TB - it's "hell with a waiting list."
$100 Bet -- after listening to Bill and Melinda's speech, and knowing that Bill is back involved with Microsoft, I'm more confident in a recent entertaining bet I made with a dear friend - a $100 bet that Microsoft's market cap will exceed Apple's in 36 months (June 10, 2017). Right now that gap is $200 billion.
Next FORTUNE Column Stories Needed -- For my next column, I am looking to hear from US entrepreneurs who have "escaped" to locations outside the country to get distance they need to focus on the big picture at their companies and recharge. I am particularly interested in hearing from those who run their businesses this way on an ongoing basis. What are the pros and cons? Please share your business name, the city in the US where it is headquartered, the city from which you run it, the number of employees and company revenues (FORTUNE requires this). Please email firstname.lastname@example.org
Need help implementing the Rockefeller Habits?