How do you get your team working together properly? Alan Mulally saw that with the Boeing 777, there was a clear benefit to encouraging his employees to be devoted to helping each other, rather than competing with other departments. Melting the boundaries between different professions is ideal, because than everyone learns from each other. Mulally later went on to successfully steer Ford through the 2008 recession when Ford’s competitors had to beg the government for handouts.
Properly managing your employees requires knowing that people are different. People are an investment. If you neglect them, they will neglect your business. Figure out what the people in your organization are great at doing. There are so many inefficiencies that occur because individuals are unwilling to help each other.
Encouraging innovation from the bottom of the organization can help. Many American companies run on the seniority model, where those longest with the company run the show. The Peter Principle is the economic law that every member of an organization is promoted until they reach their basic level of incompetence. This essentially means that the top managers of most companies are incompetent. A wise investor does not base their decisions on the business models of the past. They understand that this is a highway to slow growth and eventual failure, like the Kodak Company.
It is very important that in your hiring decisions you do not judge based on the outward flashiness of the candidate. This is why blacks continue to get screened out of job interviews, despite their creative and artistic way of handling many problems. Be willing enough to see your natural biases and eliminate them to see your profits grow larger.
Martin Lustgarten enjoys giving investment advice with tools from the top experts in the investment community. Martin knows that many companies suffer from emotional biases that clog their growth. Removing those biases helps growth improve.
Martin Lustgarten is glad to help individuals and investors succeed using wise organizational management. If you would like to contact Martin Lustgarten, you can reach him at his Linked In account. Martin looks forward to hearing from you.
Todd Lubar always knew he was going to become a successful real estate and finance expert; the only question was how. With an unparalleled ambition, wit and a genuine heart to help people, today he is one of the most sort-after private mortgage lenders in America.
Todd Lubar’s journey into real estate began when he took the position of a loan originator while working with Crestar Mortgage Corporation. He quickly mastered the art of conservative mortgage banking while developing strong relationships with real estate agents, financial planners, CPAs and insurance agents. With a steady list of business contacts that doubled as referrals, it was time for Mr. Lubar to take the next step.
When he secured a job as an equity agent at Legacy Financial Group, Todd Lubar was excited of the new challenge. It not only meant venturing deeper into the business of loan brokerage, it opened him up to international exposure. Todd secured several mortgage loans for outside real estate investors according him the prestigious position of a direct mortgage banker. Having accomplished this phase of his career, it was time for Todd to venture into his real passion.
Todd Lubar noticed that the mortgage loan market had a huge percentage of individuals who could not secure loans through the conventional lending criteria. This prompted him to open his own company, Legendary Properties LLC, to come to the rescue of this underserved group. Todd Lubar managed to secure over 200, and more, in loan transactions form both single and multi-family property owners. Quite a milestone achievement one would say, but Todd felt he could do more.
This urge to help others prompted him to open his second company, Charter Funding which operated under the larger First Magnus Finance Corporation. His affiliation with this major and private mortgage lender opened new doors to expand his reach into the mortgage market and helped more unprivileged people. Lubar’s business portfolio catapulted to over 7,000 transactions in successfully secured loans.
Besides real estate and finance, Todd Lubar has also invested in other industries like trading in automotive scrap metal and commercial demolition. Today, Todd holds the position of Senior VP at Priority Financial Services LLC, a Maryland based firm.
In early 2016, residential cleaning services provider, Handy was on the brink of collapse. Things were particularly dreadful for co-founder Oisin Hanrahan, whose policies were faring poorly. He dreaded Tuesday mornings since the firm’s leadership team held its meetings at that time. Every week, Oisin was forced to cope with the fact that business strategies that he had backed were flopping.
The main challenge that the company faced at that time was finding a way of rolling out its online onboarding process. Oisin’s partner, Umang Dua had voiced his resistance against the process all along. He thought that it would be impossible to complete it without human help. Nonetheless, the two entrepreneurs agreed to carry out an incomplete test run to establish the effectiveness of the new system. It was subsequently rolled out in Washington and Miami with great success. This heralded its introduction in all the major markets of the company. See, https://www.handy.com/cleaning-services/new-york.
Bucking the Trend
Handy’s establishment came at a time when most startups were struggling to stay afloat. The prevailing climate of skepticism made matters even worse since most investors were not willing to plough their funds into dicey ventures. Luckily, Handy was able to raise enough venture capital that cushioned it against turbulent market conditions. Despite a few challenges at the beginning, the onboarding process was successfully implemented. The co-founders have focused on profitability since they want to ensure that investors get their money back within a short time.
Handy in Brief
Handy.com was formed after Dua and Hanrahan met at Harvard Business School. The two noticed that there was a niche in the on-demand cleaning market, which they sought to address. Since then, Handy has established itself as the go-to and trusted cleaning services provider. It makes use of the services of fully vetted professionals, who are always at hand to address clients’ needs. The firm offers money-back guarantees, something that has endeared it to customers.