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Leaders and Top Performers: Should You Build Your Own or Steal from a Competitor?
Is your organization better off stealing star employees from a competitor, parachuting a leader in from outside or would it be better to grow your own stars and develop leadership from within?
Manage Your Cash Flow And Share Business Success Benefits
Advice For Startups - Manage your cash flow. You can’t spend a lot at the beginning. I was under a mountain of MBA debt coming out of school. I didn’t have the money to pay people top dollar so I used an innovative compensation structure. We had small salaries and large pay-for-performance incentives. If we didn’t sell any work, we didn’t get paid. That was a model that helped the business get off the ground. We offered much lower salaries with a lot of upside potential. With this mode we attracted people who were entrepreneurial. We’re constantly looking to innovate and be entrepreneurs – so this compensation model fits our culture perfectly.

Other richard ivey school of business Related Articles

It IS a Popularity Contest
Business and high school actually have one very important thing in common. Thinking back on my high school days, I remember the start of the school year and when elections for class president were about to begin. . .
BUSINESS FOR SALE
UPDATED FROM AN ARTICLE APPEARING IN THE BUSINESS QUARTERLY, RICHARD IVEY SCHOOL OF BUSINESS
Buying or Selling A Business? Don't Be Ripped Off!
UPDATED FROM AN ARTICLE APPEARING IN THE BUSINESS QUARTERLY, RICHARD IVEY SCHOOL OF BUSINESS
Surface chats at B-school
Dawn Morrow, an MBA candidate at the UNC Kenan-Flagler Business School, wrote this to me after I spoke there recently. Great observations about the surface chats that happen at B-school and everywhere else.

Richard Branson Virgin
Its name may raise some eyebrows, but there can be no doubt as to the tremendous success of the Richard Branson Virgin Group. Run as a cluster of separate and distinct companies that come together under the Virgin brand, this Group was first established by British entrepreneur Sir Richard Branson. With services that range from travel and music to wine, cosmetics, and even bridal wear, Virgin remains one of the most successful privately held corporations in the U.K., and indeed, the world.

Management Courses
It’s a big, scary world out there, especially for the entrepreneur wanna be who has had little to no business experience or training. Entrepreneurs are known for their willingness to take risks, for their innovation, and not necessarily for their academic record. Indeed, many of the most successful CEOs in the world are those who dropped out of university or even high school in order to follow their dreams. But for those of you who aren’t sure you are the next Richard Branson, a high school dropout so determined to be his own boss that he is now a billionaire, there are other options. One of those options is to take management courses.

Mann Deshi: A Micro-Business School for rural women
The Mann Deshi Business School for Rural Women (MDBS) is a new Micro-business school program launched in India that provides training in technical, financial and marketing skills to women with no formal education and to girls who have dropped out of high school, allowing them to start and improve their own small enterprises.
Building a successful legacy one purposeful act at a time
In this article, Richard Monette expands on his popular article "The Success Formula". He uses the example of the Banff Centre - one of Canada's most well known and successful professional development hubs - 75th anniversary to present a clear recipe to building a successful legacy. Richard highlights the importance of broadening the spectrum of criteria organizations and individuals typically use to measure their success. More specifically, Richard explains how to go beyond the concrete, easily measurable and tangible results and account for the intangible, fleeting outcomes behind those numbers. Richard concludes that defining the fulfillment variable in the Success Formula is not a license to avoid the hard work required to deliver results.

Why Do So Many Business People Ignore The 80-20 Rule?
I was discussing Richard Koch's book "The 80/20 Principle: The Secret of Achieving More with Less!" with a client yesterday and it became apparent that lots of business people are either not aware of this concept, or do not know how to relate it to their business. Richard says that 80% of our results come from 20% of our activities. This can be seen to be true in just about any business I have had any involvement with as an Accountant and is something I continually tell people to look out for.
Dear Richard (Posner), Love Richard (Thaler)
There is a nice note from behavioral economist Richard Thaler to law & economics sort Richard Posner out. The former takes the latter to task for his WSJ OpEd criticizing his support of a Consumer Financial Protection Agency.
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