08/25/17

Writing Strategy — CEO Shoptalk

How does a new CEO write Strategy? First, she gets her mind right. Here’s how.

Big Red Car here expecting Hurricane Harvey this weekend. Likely won’t get to the ATX until Tuesday. Whoa, Nellie!

Pray for those along the Gulf Coast who will be dealing with the first hurricane to hit Texas since Ike in 2008. Governor Abbott has already designated thirty Texas coastal counties as disaster areas. The Feds are already pouring into the fray. Well played, FEMA.

So, the Big Red Car is constantly talking to CEOs about their Strategy — the Strategy for their company. It is, sometimes, a confusing and disjointed talk.

We see CEOs having no problem with Vision and Mission, but the second it turns to documenting their Strategy, things go haywire.

The objective today is to get you in the right frame of mind to write your Strategy. Not to write it, but just get into the right frame of mind to be able to write it.

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08/6/17

Heads Up — CEO Shoptalk

Heads Up, Big Red Car? Really?

Big Red Car here on a muggy Sunday morning which is a little gray. We get the cooler temps in return for the grayness. Fair trade?

So, the Big Red Car, has spent the last couple of hours removing cast iron sinks from black granite countertops in anticipation of new countertops — Carrara marble — on Wednesday!

[Big Red Car’s vision of Hell is removing cast iron sinks (weigh 400 lbs) with a plastic putty knife and spit, bare hands.]

But, that’s not what we want to talk about, is it?

No, we want to talk about a CEO with his head down working his butt off. [You may re-gender the “his” to “her” at your leisure.]

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08/2/17

Flying Solo — For CEOs Only, CEO Shoptalk

Flying solo, Big Red Car? Where did that come from?

Big Red Car here on a cool and gray ATX day. Only getting to 88F today, downright cool. Hot tub tonight for the BRC? Hell, yes!

OK, so there are a number of analogies between flying airplanes and startups — takeoff, reaching cruise, landing. Startup, scale, exit?

One of the most apt analogies is the idea of FLYING SOLO.

Me, the Big Red Car, and the Bonanza with the cross country tip tanks hanging talking aviation v startup mojo. Yeah, I’m looking pretty damn RED.

In life, one doesn’t receive power, one TAKES power. Think about that for a second. Flying solo is about taking power.

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07/26/17

Training — Baron von Steuben Style for CEOs

Training again, Big Red Car? Really?

OK, dear reader, we will have one last crack at training for the CEO. Promise.

Today, we discuss Baron von Steuben. You know the Baron, right? Drillmaster of Valley Forge, no?

Get this book by Paul Lockhart. Great read. Been around for some time and it is a great book to inspire a CEO.

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07/23/17

Training — like the Rangers, training for the startup

Training table for the Big Red Car today — looking forward to a nice steak with a 10W40 mushroom sauce.  We are talking training today for both the Rangers and the startup.

So, in the continuum of crawl, walk, run — somewhere about the walk to run transformation, the startup should start thinking about training.

If you look at this picture of these sharp Rangers, the difference between them and the rest of the straight leg Army is the quality of their training. They train to their mission.

U.S. Army Rangers with the 75th Ranger Regiment make up the “honor platoon” in a funeral procession to the gravesite of Gen. (retired) Wayne A. Downing during his internment service at West Point, NY, Sept. 27, 2007.

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07/21/17

Risk — A Four Letter Word, CEO Shoptalk

Today, we talk RISK, y’all. It is a four letter word and it can be profane, if you let it.

Big Red Car here on a sunny, Texas day which will give rise to a 103F temperature during which the BRC will be hanging in the pool, floating.

OK, so today we talk about risk. Risk is what drives startups. When you overcome a risk, you wander into the Winner’s Circle and collect your winnings at the mythical PAYWINDOW.

But, what is risk? Risk is different to different people. If you are a green, first time founder/CEO, then everything is risky after you have tied your shoes (the reason why new CEOs should wear slip-ons).

If you are a fifth time, serial entrepreneur, then your view of risk is different.

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04/30/17

Values & Skin In The Game

Do you embrace values which require you to have skin in the game? Or are they and you all talk?

Big Red Car here using The Boss’s computer while he’s at church. The Boss needs to spend more time at church. Needs a good sermon.

So, I get on the issue of values with that cute Mercedes convertible who lives over on Gaston Avenue. We’ll talk sometimes and sip some 10W40.

whiteMBconvertible

Big Red Car’s “friend” over on Gaston. They like to sip some 10W40 on weekends when The Boss is distracted. Nice set of headlights?

She’s hot on the subject of values and I ask her, “What about values?”

“Don’t get me started,” she says and burps. The 10W40 is good, but she has a little indigestion. She’s still cute.

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04/10/17

Scaling Sales — One Index Card Shop Talk

Big Red Car here talking scaling sales on a lovely — no, cloudy and gray — day in the ATX. On Earth as it is in Texas, y’all!

So, the Big Red Car comes from the school of SALES SOLVES EVERYTHING which means that CEOs need to focus on sales from the first day they start.

Any argument there? I didn’t think so.

But, once you have some sales, how does the crafty CEO scale the sales operation?

Listen up, dear reader, as the Big Red Car gives you a single index card answer. Ready?

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03/28/17

Board of Directors

Big Red Car here waiting for Saturday and the Final Four contests. OK, but I am getting a lot of questions about all things pertinent to a Board of Directors and how to run board meetings and how to deal with board members.

We’ve talked about this before, so let me give you some frames of reference.

Know that I’ve stolen all of this from The Boss who had a lot of boards, board members, and board meetings in thirty-three years of CEOing.

Here it is for your use.

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03/21/17

Employment Agreement Series One More Time

This post was made four years ago and is still relevant today. If you are a CEO, you need an Employment Agreement. Get one and consider the following information when you do.

Here are some blog posts on the issue of C Level Employment Agreements.  Click on each link to read the pertinent blog post.

The Design of Compensation Packages for C Level Execs and Senior Management

C Level Employment Agreement Provisions

C Level Employment Agreement — Position

 C Level Employment Agreement — Salary

C Level Employment Agreement — Benefits

C Level Employment Agreement — Short Term Incentive Compensation

C Level Employment Agreement — Long Term Incentive Compensation

C Level Employment Agreement — Compensation, Something Special

C Level Employment Agreement — Managing the At Will Employee Relationship

C Level Employment Agreement — Termination

C Level Employment Agreement — Severance Package

C Level Employment Agreement — Change of Control Provision

C Level Employment Agreement — Parting Shots

You can do this. I’m counting on you. But, hey, what the Hell do I really know anyway? I’m just a Big Red Car.cropped-LTFD-illust_300.png