08/30/17

Entrepreneurial Energy — CEO Shoptalk

Entrepreneurial energy, Big Red Car? What is that?

Stay with me, beloved readers, all in due time.

Big Red Car here in the ATX in the aftermath of Hurricane Harvey — son-of-a-bitch. Fifty inches of rain?

Lots of leaves in the swimming pool, lot of rain, trees down in the hood, the ATX endured nothing compared to the Coast and Houston. God bless Port A, Rockport, Corpus Christi, Houston. It will be a long recovery, but this is Texas and Texas will recover.

I particularly want to compliment Mayor Turner of Houston (all mayors), Governor Abbott, President Trump, the Texas National Guard, the Cajun Navy, and everyone who got wet in Houston serving their fellow man. Y’all are what makes Texas Texas.

Good luck, Godspeed, God bless Texas!

So, entrepreneurial energy, what is it?

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

07/17/17

Rent A Ranger.COM — A Gender Norming Startup

Big Red Car here on a very bright Monday morning with a very bright new idea — Rent A Ranger.

So, the Big Red Car is a libertine of sorts. On the other hand, the Big Red Car thinks this sexual predatory climate in Silicon Valley/Alley/Gulch/Plains/Mountains, etc. is out of control.

The solution — which the Big Red Car has been all over since the start — is for an afflicted woman to send their big brother to “reason” with the transgressor. The transgressor wants this service to get him back on the straight and narrow. [OK, maybe not.]

But, Big Red Car, how about if a lady doesn’t have a Big Brother? What then?

Ahhhh, dear reader, you have identified the pain point which the Big Red Car seeks to relieve — voila — Rent A Ranger.COM at your service, mademoiselle.

Continue reading

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.

Continue reading

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

03/8/17

CEO Reflections

Big Red Car here in the ATX feeling a little cloudy — ooops, that’s the weather. Me, I feel marvelous. Let’s talk about the first time CEO, shall we?

So, I catch The Boss talking to a pal the other day. They were Second Lieutenants in a combat engineer unit in the Republic of Korea back in the early 1970s.

 

The Proper Young Lieutenant

The proper young lieutenant, having just landed in a rice paddy fertilized with “night soil.” If you recognize those “soiled” boots as Corcoran Jump Boots, then you have a sharp eye. Stroke of good luck, landing standing up, because of the aforenoted night soil.

 

It was a dicey time and they were both platoon leaders. Both of them would end up as Captains within 18-24 months, which was pretty damn fast even for those days.

“So, when did you first think you knew what you were doing?” asked The Boss’s compadre.

“I’ll get back to you when that happens.”

They laughed.

Continue reading