Business Vitamin E Every Day

As I think back on those individuals who were my bosses, a clear distinction comes to my mind about them. Improvements

There were two types: those that encouraged me, educated me, energized me, and engaged me. And those that supervised me without doing any one of those things. What they did do I still haven’t figured out.

To be a leader today requires the ability to infuse those that they lead with massive daily injections of those four parts of Vitamin E. Those that fail to do that aren’t leaders of people; they merely allow the people underneath them to drift…to destinations to be determined.

I heard a story sometime back about a man who was on his deathbed, being interviewed. The dying man was asked what single thing people did that made a difference in his life. After a moment he said “Encouragement. They encouraged me.”

And so, as a leader, we have a need, a requirement, to encourage those that we lead, those that surround us, those we have influence on. For many, a parent, a relative, a teacher or someone else in our lives gave us something that we needed at a time when we needed it, to make us better. For me, one of those individuals was a woman in college that I respected. In passing one day she said, “You write well.” I never forgot her words and I never forgot her.

She might have never said those words; she didn’t have to, but it made a significant difference in my life simply because she thought enough of me to speak them out loud to me.

We also have a need to educate those that we lead. Not everyone wants to learn. Many people do not want to learn because that means they will have to and they will change as a result of learning something new and perhaps different. And most everyone is against change, because that means we must not be perfect. That something is wrong with us.

Education is all about becoming better. As leaders, we have to become better simply what we do everyday demands it. Clients, vendors, employees, and other stakeholders expect more. Because they do, we have to learn more in order to provide more. And so it is for those that we lead. We expect more and they have to learn more. Kicking and screaming, as we become better, we become better not just for others but for ourselves. Marie Curie said “You cannot hope to build a better world without improving individuals.” The educator is the teacher, and that is a primary responsibility. Those that don’t teach or don’t care to teach are simply doing a disservice to those that they lead.

Being a source of energy for those that we lead is essential. If there is no passion, no commitment, no desire, it is impossible to be an energy source. I remember Paul Miller, the president of Hills Bros. Coffee, walking fast, talking fast, animated in his gestures, intently focused on whomever he was speaking with. He was thinking so fast that he was light years ahead of people. He was one of those people that you always wanted to do right by; his energy was contagious. He laughed a lot. Paul was one of those people who, despite hard times and very tough times, energized those around him. Looking back, I believe Paul knew that he had to talk the talk, and walk the walk, even when he didn’t feel like it. He had to do it for those he led and he was sincere in his effort.

Engaging people means tapping into their strengths, their talents, their abilities and their interests. That doesn’t mean that people can stop doing everything they don’t like to do. It does mean that people have to understand the connection between what they are doing and the greater good, even if that greater good means just getting a paycheck every week. Once they make that connection between action and reward, educating and engaging about the next level of engagement becomes easier. But the leader has to take the action to explain not just “what” but “why.”

Engaging is tied to effort. A leader makes the effort, for his or herself, and for those that the lead. Every day the leader is under the microscope by followers, waiting to see if and how they stumble, what mistakes they make, and how they deal with failure, disappointment and setback. Leaders worth following pick themselves up and try again, in a different way. That effort sets an example. The best leaders model behavior and actions by setting examples for others to emulate.

John Quincy Adams said nearly 200 years ago that “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” What are your actions saying about you?

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Local Manufacturing Company

There is a manufacturing company just south of Valencia California (where 6 flags is located) in a little town called North Hollywood. This manufacturing company make aluminum parts for many different manufacturing companies. These industries include speaker companies, lighting companies, aerospace manufacturers and auto parts companies.

This company is a Die Casting Company called Kinetic Die Casting. In these tough economic times it is smart doing business with a reliable company like Kinetic Die Casting.

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Management Mistakes

We confuse activity with progress. Motion is great; the only problem is that it takes you nowhere. How many of us avoid deadlines, keep shuffling paper stacks around, get involved in long conversations and lengthy unproductive meetings during the workday and wonder why, at the end of the day, week, month, quarter and year nothing of significance has changed?

We freeze and fail to act when we need to. Instead, because we are so focused on not making a bad decision, we make no decision. The only thing that happens is that the situation stays the same or gets worse, but it does not improve and it does not go away. In the end, a decision still has to be made, and sometimes the passing of time has reduced the options available for a positive outcome.

Kinetic Die Casting

We think the process is more important than the result. More often than not, we get hung up on making sure that the process is so solid that we fail to understand that most of the time, the result is substantially more important.

We fail to try something a second, third or fourth time. While there is a point where we do need to give up and try something new, most of us never get there. What we do instead is try something once, with the mindset that if it didn’t work that one time, it will never work again, under any circumstances. What we need to do is understand that things change and we can try something again, changing a variable, which is usually the poor attitude we have at the start.

We fail to measure what is important. Every organization has leading and lagging indicators. Most people don’t know the difference and how one can impact the other. Because they don’t understand the importance of what to measure, and when to measure, they measure nothing at all.

We stay in our comfort zone. We fail to understand what it is that we need to learn to be more successful, and because we don’t know what we need to learn, we opt to learn nothing at all. Status quo is the default position of the learning activity, which really means we are moving backward, because so much knowledge is being generated each day.

We think meetings are for decisions. Meetings are for information exchange, not for decision making. Individuals make most decisions, not groups. Because meetings are all about information, everyone usually wants to talk, hopefully speaking sense, but it makes the meetings run longer than necessary, without purpose. Those who like to speak get a sense of authority and power. The corollary mistake is thinking that talking more than others in meetings matters; it doesn’t.

We hire people thinking they will change. People don’t change that much; they are who they are. To be sure, people may change if forced to by circumstances, but even then it is very, very difficult. Often they end up being the same person they always were. And, angry that you asked them to be someone they aren’t.

We expect others to solve our problems. Like the fairy tales of childhood, people wait for someone else to arrive on a white horse, wearing a white hat, just in the nick of time. The corollary to this is that we blame others (competition, incompetent vendors, employees, the world) for everything that has and is going wrong in the company.

We fail to face the brutal facts of our current reality. Ignoring reality is a dangerous habit that potentially could lead to disaster. Life is not fair, competition is fierce, and the customer doesn’t always pay their bills when they should, and employees you want to count on call in sick. Face reality and deal with it in a cold, factual manner.

Ken Keller, 661.295.6892

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Living Trust and Probate

A living trust may allow a couple to effectively double the basic estate tax exemption ($1,000,000 in 2002, doubled to $2 million). For estates totaling over $2,000,000 this saves over $435,000 in death taxes. If you have a typical will which leaves everything to your surviving spouse, your children may have to pay over $435,000 in taxes that could have been avoided with a living trust.

Please note that the estate tax exemption is slated to increase as follows:
2002-2003 $1,000,000
2004-2005 $1,500,000
2006-2008 $2,000,000
2009 $3,500,000
2010 Repealed
2011 $1,000,000

IS A LIVING TRUST HARD TO SET UP?
No. We can help you set it up as quickly as you want, even in a couple of day’s time if needed.

Business Information for guitar manufacturing.

Mortensen Law
Tax, Trust & Estate Attorneys, P.C.
24300 Town Center Drive Suite 390
Valencia, CA 91355
(661) 799-8035
(661) 799-8838 fax

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