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Rich’s Guardrails (Part 2) – Zig Zag Principle #58
I control the finances of my business I have learned the hard way that every time that I do not keep my finger on the pulse on the finances of my company, it goes into the weeds. Once, I returned...
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Results of Using and Ignoring Guardrails – Zig Zag Principle #59
Eating Our Own Cooking In our current test business, Curtis and I received a request from a client that wanted to place a large order for high end, specialty products. We went to the manufacturer of...
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Finding Hidden Treasures – Zig Zag Principle #60
As you have been rushing from goal to goal or from zig to zag, have you ever found yourself asking, “Why am I doing this?” If you haven’t created and implemented a system of rewards for yourself and...
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Find the Right Motivations – Zig Zag Principle #61
What Will Motivate Your People? Before developing your system of rewards, remember that what motivates one person may not motivate the next. When I was general manager of About.com’s web services...
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Designing A Good Rewards System – Zig Zag Principle #62
Keep Your System Simple It’s important to not overcomplicate your system of goals and rewards. In one of my early ventures, I created a chart that had eighteen different targets to hit and a simple...
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The Role of Discipline and Rewards – Zig Zag Principle #63
The Whip I’ve had partners who used the whip. There certainly are times when you have to discipline. However, my contention is that the whip needs to be used very sparingly—and never as an immediate...
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Rewards Must Be Earned – Zig Zag Principle #64
Don’t Give Out Rewards Until They are Actually Earned Being a fundamentally nice guy, I have made the mistake multiple times of giving a reward when the performance didn’t warrant it. Every time that...
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A Vegas Getaway – Zig Zag Principle #66
Eating Own Cooking: Last year my wife and I went on a little getaway to Las Vegas. We had booked our hotel online, and we got a great rate on your normal room at one of the nicest hotels in Vegas....
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Achieve Goals Through Rewards – Zig Zag Principle #67
When you are planning out rewards, you need to very specifically tie each reward to the zig or the zag you are heading toward. I always establish timeframes, often in the form of quarterly goals....
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Avoiding the All-Or-Nothing Trap – Zig Zag Principle #68
I grew up in a rural community. My father was completely blind. I am the oldest of four sons, and as long as I can remember I have had entrepreneurial desires. Despite some lofty ambitions, I was...
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