Back to reality!

My wife and I are just back to reality after visiting my sister, her children, and her children’s children in Australia.  It was the best vacation ever.  My sister, the Energizer Bunny of Australia (or should I say Energizer Roo) kept us so busy that, in three weeks, we visited and saw what most people would need (and I’m not exaggerating much) a year to see; Sydney, Hervey Bay, Cairns and the ocean, forests, islands, great barrier reef, and on and on.  We took nearly 1000 pictures (aren’t digital cameras great?) … c’mon over.

Now back to reality.  In all that, I’m sure we encountered hundreds of small businesses.  Land tours, sea tours, trains, cable cars and trams, dozens of shops, diving tours, restaurants, entertainment, and on and on.  A lot of people run successful small businesses and many are successful … I’ll bet you’ve thought of it, if you’re not running a small business already.  Well, watch out … it can be a wonderful and fulfilling life … it can be something you regret forever.

 

What makes the difference?  If you’re starting a small business so you can “work for yourself,” be careful!  Many with a passion for fixing computers, repairing cars, baking pies and go into business for themselves find that they have “an idiot for a boss” (read about Sarah in Michael Gerber’s “The E-Myth Revisited”).  Most small businesses fail within just a few years and those who start for the wrong reasons are almost sure to fail.  The difference is that running a business, is not running a job (fixing computers, baking pies).  It is much, much more.

More to come.  Please join us next week at the Charlottesville Authentic Leadership Summit.  We’ll expand on this theme and provide some very practical advice.  There are  “must dos” for every business, big or small, to have a chance at success.

 

by Kenneth Karr                                        Executive Coach and Trainer

Ken Karr is Director, Nuclear Performance Improvement, Dominion Resources Services, Inc., leading initiatives to improve practices in nuclear electrical generation. He is a coach, mentor, advisor and leadership development facilitator. He has also served with Virginia Power, Carolina Power & Light, Commonwealth Edison and the Institute of Nuclear Power Operations (INPO). He was President of consulting firm KRK Inc. and Vice President of the Advanced Reactor Corporation. His work with utility CEO’s, Senior Executives, and Plant Management also included plant evaluations and advanced nuclear plant development. Ken served in the US Navy as Captain of two nuclear submarines and as the Senior Member of the Nuclear Propulsion Examining Board, U. S. Atlantic Fleet. Ken received his B.S. and M.S. degrees in Engineering (Chemical) from the James Breckenridge Speed Scientific School, University of Louisville, M.S. degree in Nuclear Engineering and M.S. degree in Oceanography from the University of Washington.

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