Editors note: The following article co-authored by Tony Mulkern and Cynthia Flynn, Esq., appeared in the February 2019 edition of Los Angeles Lawyer, the magazine of the Los Angeles County Bar Association. Cindy Flynn is the founder and managing partner of Hackler Flynn & Associates, a boutique law firm in Los Angeles and Irvine that focuses on employment defense.
In the past two decades, various changes in the practice of law have created strains on law […]
By Tony Mulkern
Discussion about accountability is as much a part of executive conversations as goals, objectives, standards, and bottom line. It is also seems among the most difficult concepts to define or make stick. Patrick Lencioni, author of the outstanding book The Five Dysfunctions of a Team, considers one of the most difficult tasks for members of an executive team is to hold one anther accountable.
Of course, he is right. I have seen some […]
By Tony Mulkern
Jeff Bezos, founder, chairman and CEO of Amazon, and the richest person in the world, recently said that he wants his employees to “be afraid” and to “wake up every morning terrified.” Presumabaly he was exaggerating, because Bezos knows something about what motivates achievement, and terror is usually debilitating. What he is referring to is the fifth of the Six Engines of Entrepreneurial Ascent®, namely, Sustaining a Sense of Urgency, which is […]
By Tony Mulkern
If you like what you read here, contact me to learn about the Leader’s Dashboard. It is a great tool that will show you how to inspire others and stay inspired. Contact me at ajmulkern@sbcglobal.net or at 818 249 0147.
UNLEASHING INSPIRATION is the fourth engine of entrepreneurial ascent. The term itself suggests that there exists an energy in people that is restrained, held back, and that if the leader can liberate it, […]
By Tony Mulkern
TRIGGER WARNING: If you already have Mission and Vision Statements which are full of vague “solutions” jargon, you may find parts of this article offensive.
INVITATION: If you would like to improve your Mission and Vision Statements, or write them well in the first instance, you will likely find this article very helpful.
What is your mission? What is your vision?
Many entrepreneurs seem not to know the answers to these two simple questions. Either […]
The high turnover in President Trump’s White House staff illustrates that hiring the right person for the job does not come naturally even to the most accomplished, entrepreneurial executives. In fact, success in deal-making and wealth generation can lead to over-confidence in one’s ability to make good selections. Yet without the right team, the leader is powerless. This is the reason Hiring Right is the second of the Six Engines of Entrepreneurial Ascent®.
The President […]
A previous article outlined the Six Engines of Entrepreneurial Ascent®. Over the next six articles, each of these engines will be discussed, one by one, and this one deals with the first, Trust.
Warren Buffett recently gave some sound advice on how to hire well: screen for intelligence, energy, and integrity. In his characteristically terse wit, he added that if you hire someone who has intelligence and energy but is not ethical, you will likely […]
By Tony Mulkern
Ever wonder why some entrepreneurial companies take off like rockets, while others struggle to gain at best modest “altitude,” while still others fizzle out or never get more than a few feet of the launch pad? When it comes to actual rockets that hurl satellites in orbit, travel to the moon, or send missions to the other planets, they require multiple, high thrust, first stage engines to get off the ground and […]
Year-end holidays starting with Thanksgiving are the times for sending messages of gratitude, goodwill, wishes for happy holidays, happy and successful New Years, etc. to clients, customers, employees and various business partners and vendors. Mostly they are mass-produced and -printed, and in a business context are of dubious value. For example, how many beautifully-designed holiday cards are sent to executives with scarcely a personal signature, to be opened by an assistant and then taped […]
If you own a business, you plan to sell it sometime in the future. Unless the sale will be to a family member for a nominal amount, your expectation is probably to gain a substantial monetary reward for all your years of hard work, risk, and personal sacrifice to build a valuable enterprise. Unfortunately, the odds are not in your favor.
According to Department of Labor statistics, of all the private companies put on the […]