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Entrepreneurship : Article

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Focusing on Cash Flow
Brennan Mark H
2/1/2006
Article Resource
Summary:

Recognizing that cash is king, this entrepreneur gives an overview of why your active involvement in managing cash on a daily basis is critical and how it will allow you to become a more informed leader and develop a keen operational awareness of your company's finances and its capabilities.

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Raising and Spending Cash
Dennis Jeff
2/1/2006
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Summary:

Recounting the tale of founding and growing two companies, one which ultimately failed, the author argues that the key message about cash in a high growth business is raise more than you need, and spend less than you have.

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Student Becomes Teacher
Moxey Donovan
2/1/2006
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Summary:

Donovan Moxey got help in the early stages of starting his company; now he's the one giving his time to promote entrepreneurship.

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A Systems Approach to Hiring the Right People
Faith Mike
3/1/2006
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Summary:

Every employee has the potential to be an A player, says the entrepreneur author who leads a successful growth company. The key is making sure you hire the right people in the right jobs. To do this, the author describes how he used the Topgrading hiring system to hire and manage his team for growth.

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Increasing Your Hiring Successes
Babinec Martin
3/1/2006
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Summary:

This entrepreneur expert asserts that without a well-developed hiring process, entrepreneurs tend to make mistakes that can set their companies back. To build a high-performance top team, the author illustrates his three-step plan to reduce risk and increase hiring successes.

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Open House Hiring
Hesse Susan D
3/1/2006
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Summary:

This entrepreneur shows how entrepreneurs can hire using the open house method. This process enables you and your top team to review a large pool of candidates that you may have not even considered if all you had seen were their resumes.

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Selecting CEOs with the Right Character Traits
Jameson James D
3/1/2006
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Summary:

When looking to recruit CEOs for his companies, the entrepreneur author argues it's critical to consider in candidates a range of character traits, such as broad experience, objectivity, and respect for others. He shares his experiences in making the right and sometimes wrong hires and reveals key lessons learned.

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Aligning Compensation With Business Goals
Lieberman William
3/30/2006
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Summary:

This veteran entrepreneur recommends a top-down approach to ensure a company's overall strategic goals drive the compensation plan. When clear objectives (including revenue targets) are defined for the business, entrepreneurs can better determine sales targets as well as how sales reps can help grow the company.

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Building a Sales Compensation Plan That Works
Smith Jack P
3/30/2006
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Summary:

This topic expert provides a step-by-step process for understanding a sales reps' potential for results, their motivation factors, and developing a comp plan that fits those characteristics. Strategy, combined with communication, can help sales reps meet their goals and their companies' profit goals.

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Turning Sales Compensation On Its Head
Wardlaw Townsend
3/30/2006
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Summary:

Rather than viewing compensation plans as a motivational tool, this entrepreneur believes they should be considered a means for managing risk and protecting the company's cash assets. He explains his firm's model, which is based on transferring more risk to sales associates, sharing resources across clients, and tying a portion of base salary to reaching certain revenue-related milestones.

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