The Cranky Middle Manager Show 130 Boss School with Jay Goltz
The Cranky Middle Manager Show #130 (MP3 13.8MB 30:14)
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Before we go any further, I’d like to introduce you to someone:
This is Herman the Ermine. He’s kind of our mascot. You’re going to be seeing a lot of him.
The folks who subscribe to our newsletter already have seen this symbol many times. This (for the folks around the world who ask about weasels- apparently they’re in short supply in the Southern Hemisphere) is a weasel and the symbol is the motto of our show- Dont let the weasels get you down (T-shirts anyone?) Any time I send you an email or you see this on the blog, you know it means. Just thought I’d give you that explanation…. of course if you’d like to subscribe to our newsletter, you can do that by visiting www.crankymiddlemanager.com.
Today’s guest is Jay Goltz, who does the Boss School blog for Inc. Magazine. I’ve been a long time reader, but now that I’m running my own company (www.greatwebmeetings.com) I’m pretty much addicted. Today’s topic- managing when you really ARE the boss…. when you own the company. Is there a difference than when you’re just part of a soulless corporation?
SHOW NOTES
0:00 Welcome to the show. In line with the whole concept of Boss School, i got to thinking about business schools in general. Turns out the first focused, dedicated B-School in Europe was in Portugal (yeah like you knew that…) The Aula do Comercio. We dedicate this show to its founder, Sebastiao Jose de Carvalho e Melo, or the Marques de Pombal.
Apparently he needed to take some of his own courses, especially in succession planning.
3:04 The quote of the week is from Thomas Jefferson, who could have used a little business schooling himself, from Jay or someone… anyway the point of wisdom is to grow with power. Something to think about when you actually own the business and you ARE the boss. There’s also a plug for my e-book “The 4 Disciplines of Highly Effective, Leadership Exhibiting, Project Nailing, Cheese Moving Managers” and you can have me deliver the presentation at your company if you’d like…. check out the website for more details.
4:09 Welcome Jay Goltz, author of The Street Smart Entrepeneur as well as the Inc. Blog. We’re talking about what the difference is when you actually own the company, rather than just manage inside it. Is there a difference between being the Boss and being the Manager? First we have to define small business…most of them are WAY bigger than mine… but size is relative. No cheap jokes.. I’ll stop here. Stop snickering. Why don’t we like the word boss?
8:23 Like most of us Jay wound up thrown into the deep end. He learned the hard way that hiring is the single hardest part for the business owner. According to him, 75% of managing is hiring the right person in the first place.
11:10 The defining difference between the boss and the manager, is that for the business owner it’s intensely personal and the stakes are so much higher. The bottom line is a different sort of master than the regional VP.
14:45 Motivation is the number one problem… but demotivation is much more problematic. All the lovely programs in the world won’t help if you aren’t a responsible, respectful boss. And by the way, who teaches people how to hire?
19:30 Where do you go since “Boss School” doesn’t’ really exist. First, check out Peter Drucker…then there’s INC magazine ( of course). Seek out Business Groups to get the help because there are three disciplines for entrepeneurs
Marketing
Management ( of which there are 4 disciplines there, or so I hear)
Finance
27:42 Jay’s resources
The support of other entrepeneurs.
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Don’t let the weasels get you down.