« Uncertainty in France, A Prediction | Main | In Memoriam: Joseph Carr »

November 05, 2005

The Single Best Measure of A Business

top_grading.jpg

Top Grading by Brad Smart
Prostitutes and consultants have been labeled as not being too particular about clients. Your Business Blogger may be the exception. As consultant, that is.

There are many ways to evaluate and predict the success of an enterprise. But if you are looking to invest in, to consult with or work for a company, there is one variable that will determine a winner.

The track record of the management team.

The best indicator of future performance is past performance.

Whenever I'm asked to evaluate a business plan or predict the success of a business model, the first tab I turn to is the bios of the management team.

Your Business Blogger recently turned down an interesting assignment in a market dominated by intellectual property.

The Chairman of the Board did not demand or consider recommendations to hire only "A" players.

A leader can be cheap most anywhere except in hiring management talent.

The chairman had good reasons, of course.

There were money problems, budget problems, cash flow issues (as always). To him, this took precedent over bringing on the talent needed to run the enterprise.

In this scenario I would not recommend anyone getting on this plane -- it will never quite get off the ground.

Brad Smart, Ph.D., yes that's his real name, advised Jack Welsh on personnel. From Brad we learn that "A" class talent hires "A" talent. "B" class talent hires "C" players. And "C" players...well, let's not go there.

My potential client was not hiring "A" team, forcing me to question his business judgment. There are some things even a consultant won't do.

Life's too brief to invest on anything short of the best.

###

Was this helpful? Do comment.

Thank you (foot)notes:

Basi's Blog
has brunch.

Oblogatory Anecdotes
has weekend trackbacks.

Stop the ACLU
has Weekend Trackback Party.

TMH Bacon Bits
has Open Post Weekend.

Something has Saturday trackbacks.

Commonsense has new trackbacks.

T. Longren
is having a trackback festival.

The Uncooperative Blogger
has open trackbacks.

Everyman Chronicles
has Weekend Open Trackbacks.

Jo's Cafe
has TGIF trackbacks.

Blogging out loud
has Open Trackback Weekend.

Adam's Blog
has open trackbacks.

Real Teen
has open trackbacks.

The Junction
has trackbacks.

Myopic Zeal
has open trackback fest.

Two Babes and a Brain
have Babes Weekend Trackback Party.

Iowa Voice has trackback festival.

My Vast Right Wing has Open Trackbacks.

Mudville Gazette
has Open Post.

Posted by Jack Yoest at November 5, 2005 03:55 PM

Trackback Pings

TrackBack URL for this entry:
http://www.yoest.com/cgi-bin/mt/mt-tb.cgi/642

Listed below are links to weblogs that reference The Single Best Measure of A Business :

» It's That Time Already... from Two Babes and a Brain
Time for the Babes Weekend Trackback Party...ya'll know the deal...and this weekend, I'll be able to monitor more closely and post your links on the front page.... [Read More]

Tracked on November 6, 2005 07:18 AM

Comments

Post a comment




Remember Me?

(you may use HTML tags for style)