Posts Tagged ‘finances’

Go It Alone

March 15th, 2010

article originally published on dalecallahan.com under the title “Finding Freedom as an Entrepreneur”

Have you ever been told you were wrong? I was — just the other day. I did a re-post of Jonathan Fields blog post called The 4 Delusions of Entrepreneurs.

A friend of mine who is an Internet marketeer very gently blasted me – privately. I was going to add his comments to the post as “comments”  — but I have to think he is so dead on that I just want to make them a new post.

Here are the comments from Patrick Cash.

“Wow. Glad I didn’t read that before I quit my j.o.b. In a way, he makes it sound so gloom and doom.
This little ‘work where I want, when I want’ life o’mine really ain’t that bad at all :)

I have to disagree with some of what he says. A brick and mortar business can be location independent if you work on your business and not in your business. – read Michael Gerber’s ‘The E-myth‘.

The CEO of Applegate Farms (they are an organic meat producer) only works in the office 1 day a week and has done it this way since the he started the business.

Freedom is the main thing everyone wants. They think they want money, etc but what you really want is the freedom the money gives you.”

I myself argued a bit with Jonathan on his post – pointing out that even working people with a JOB might experience some of the benefits of freedom – with some work. But hearing Patrick’s take on it really hit home – we might be delusional – but fact is that you can reach it.

The point is that I think Jonathan was making was that it is not often what we expect it to be – sometimes it is better.

Just in case you doubt – ask Patrick!

This all reminds me of the quote from the ancient Greek historian Thucydides

“The secret of happiness is freedom.

The secret of freedom is courage.”

So take courage and fight for freedom! Thanks Patrick for keeping me motivated!!!

How about the rest of you? What drives you to want to go it alone?

Freedom?

Money?

Just to know you can?

Dale Callahan is a contributing writer for the IEM Blog. Dr. Callahan is the IEM Program Director for the Information Engineering and Management Program at the University of Alabama at Birmingham. His thoughts here represent the types of topics covered in the Entrepreneurial courses he teaches the clients of the IEM Program at UAB. Thanks to DaleCallahan.com for this article.

Getting to Know Agile Project Management

March 10th, 2010

article originally published by Brian Rabon’s blog as “The Flavor of Agile Project Management”

We are all aware of the Project Management Institute’s five process groups; initiating planning, executing, monitoring and controlling, and closing. Did you know that Agile Project Management has five process groups as well? According to Jim Highsmith it does; envision, speculate, explore, adapt, and close. The first thing that you will notice about Highsmith’s list is the flavor of the words. They have the feeling of an adventurer about to setoff on a new and exciting journey. The traditional project management list seems almost clinical in a way. By comparing and contrasting each process group we can gain further insight into the inner workings of each methodology.

Initiating vs. Envision – When we initiate in traditional project management we immediately begin work down a known path. There is a set set of steps that we follow every time. True to the flavor of agile with envisioning we are brainstorming with our customers about what they want us to build. The output of the initiating phase is a project charter and the output of the envision phase is a vision statement.

Planning vs. Speculate – Similar to initiating, with planning, we have a known set of steps to create a project plan. While the subject matter we are planning changes from project to project with traditional project management we typically use the same tools and techniques. For instance we start with a work breakdown structure, create an activity list, and then create our schedule. With agile we speculate on a possible approach to implementing the projects vision. In agile’s planning phase we create feature cards and hold a time boxed meeting before the start of every sprint to prioritize them.

Executing vs. Explore – In a traditionally managed project when we get to the executing phase our scope, budget, and schedule are all set and baselined. From day to day we track precisely against the project schedule, calculating earned value along the way. In agile we work with the overall vision and our set of feature cards to complete a sprint. The actual activities for the sprint are set, however the order has yet to be determined. We measure progress back calculating a daily burn down and project velocity.

Monitor and Control vs. Adapt – When we monitor and control, we are looking to preserve our original baseline at all cost. Traditional project management expects the plan to be perfect and that we can predict everything we need to do before we get started working on it. Agile on the other hand plans for change and realizes that sometimes we have to adapt in order to preserve the project. For instance, if at the end of that sprint the solution either doesn’t work or doesn’t meet the customer’s needs we start over. While this delay could impact the overall project schedule, thus violating the “iron triangle”, you always have the option to reduce scope later on.

Closing vs. close – Nothing new here, agile projects share most of the same characteristics as traditional projects when it comes to project closeout. The primary difference at this stage of the game is the name of the lessons learned meeting, agile calls it a retrospective.

Brian Rabon is a contributing writer for the IEM Blog. Mr. Rabon is an Adjunct Instructor and the newsletter editor for the IEM Program at the University of Alabama at Birmingham. Mr. Rabon teaches EE606 :Technical Project Management as well as EE 615: Business Process Modeling to clients of the IEM Program. Thanks to http://blog.yourpmpartner.com for this article.

Wanna Be Green?

March 8th, 2010

article originally published on dalecallahan.com under the title “Does it Pay to Be Green?”
A recent post by Small Business Trends hailed that businesses need to do more than claim they are green and environmentally friendly – now they need to show evidence to their customers of just how green. For example, I have seen some small companies participate in this thinking by posting on their website how many carbon credits they had purchased.

But I have to wonder —–

Do we really care? Really?

Here was my response/comment to the post:

Are we sure? I wonder if there is any research to show that customers really care. And do customers on the west coast care more than others?

And how are the challenges to global warming data changing this game?

On my side I find a lot of people who love the “green” stuff – but I also see people turned off by companies who think they are saving the world.

While I am not commenting so much about is global warming true or not (although as a recovering scientist I do have an opinion about the science) — I am just wondering … are we all jumping up and down thinking our customers care without knowing for sure?

For me, green used to mean you had an upset stomach – something I might relate to a rough ride while deep sea fishing. Back in the ’70’s Kermit claimed it is “not easy being green.”  How we moved from being hard to be green to it is “good to be green” and now it is “a must to be green” I really am puzzled.

But what I notice is all best intentions in the world – people end up buying value. The idea of being green presupposes customers place a high value on a company spending its money on being green.

I am bettering this is not true. What do you think?

Dale Callahan is a contributing writer for the IEM Blog. Dr. Callahan is the IEM Program Director for the Information Engineering and Management Program at the University of Alabama at Birmingham. His thoughts here represent the types of topics covered in the Entrepreneurial courses he teaches the clients of the IEM Program at UAB. Thanks to DaleCallahan.com for this article.

That’s Not My Money!!

March 1st, 2010

article originally published on dalecallahan.com under the title “Grow In Business”

Have you ever earned a dollar that was not part of your salary? I have added this question to the list of many others I ask of those who approach me wanting help to break out of cubicle insanity and become entrepreneurs. Often the answer is no.

The $2500 goal

Here is another good question.

How long will it take you to make $2500 in revenue from your new business?

When I ask this question I can tell a lot about a person. Many people just look very uncertain – almost nervous. This question is serious – a real measurement – a real goal. While $2500 to most of us is not going to be life changing – it strikes fear into many aspiring entrepreneurs.

I can see the answers and the internal argument going on within them? Here is what I read on their faces – their internal conversation.

I have no idea, $2500 is a ton of money for what I do? Yet $2500 is really nothing. If I cannot get $2500, then how can I get $25,000 – or better the $100,000 I am after. This is overwhelming! I can’t do this!

Have you ever had these thoughts? Do you now? Seriously – this is common! If you have comment on where you stand!

Grow into business

Here is the thing – if you want to become an entrepreneur and have not had any significant part time business – you are approaching becoming a fool if you plan to quit the day job and go for it. You have too much to learn – and too far to go. And one of you biggest challenges is YOU.

So start today and begin. Get some money coming in – this creates HUGE momentum. If you can make $100, you can make $1000!

If you can make $1000, you can make $2500 – just keep doing the same thing!

If you can make $2500, you can make $100,000.

Momentum is the key!

Instead of going into business – which seems like a huge leap to so many – just grow into business. Start selling something – products, services, whatever on a small scale. Grow into business!

What are you doing?

If you have done this and met a $2500 mark – leave a comment and tell us how you did it.

If you have the fears I have listed above  – comment on that also!

Dale Callahan is a contributing writer for the IEM Blog. Dr. Callahan is the IEM Program Director for the Information Engineering and Management Program at the University of Alabama at Birmingham. His thoughts here represent the types of topics covered in the Entrepreneurial courses he teaches the clients of the IEM Program at UAB. Thanks to DaleCallahan.com for this article.

Guaranteed To Get A Job

February 24th, 2010

Article originally from  DaleCallahan.com.  <http://www.dalecallahan.com/how-to-conduct-a-reverse-interview-%E2%80%93-a-guaranteed-method-to-find-a-job/

The Reverse Interview is one of the most powerful methods I have found to find a new job. The basic idea of the reverse interview is that you will contact someone who is where you want to be in a few years, ask them to talk so that you may learn what it takes to get where they have gotten. Nothing fancy.

The Six Steps
1) Decide where you want to be in a few years. This sounds simple and obvious, but I find most people lie to themselves on this one. But more on that in a later post.
2) Find people who are where you want to be – from step 1. Who is already doing what you want to be doing. Contact them and ask them for 15-30 minutes of their time. Tell them you simply are trying to learn what it takes to get to where they are today. Do not ask if they are hiring – in fact – you do not care if they are hiring.
3) When you meet with them, remember you are interviewing them, and not them interviewing you. DO NOT TAKE A RESUME. DO NOT TALK ABOUT YOURSELF AT ALL except to explain why you are there. For instance, you might say “I have been working in the telecommunications industry for the last 10 years, but I have gotten interested in doing something different, and I think I would like to be where you are in a few years. I would like to learn how you got to where you are and what you love and hate about your current work.”
4) Listen, ask questions, and finish on time.
5) In the end ask them who else they would suggest you talk to.
6) Follow up with a thank you note or email. This is very important! While it may sound cheesy, I really take note when I get them myself – and I normally would not care about such things as thank you notes. So, if it works on me, it must REALLY work. (Not that I am insensitive or anything.)  But at very least it helps keep fresh the new networking contact you have made. And just in case you have missed it so far – DO NOT SEND A RESUME.

What to expect
1) Information. You will get a wealth of information. You are asking them to talk about themselves, which everyone loves to do. In talking about them, they let their guard down. You are asking how they feel about the work. So you might discover the company is a terrible place to work. You might discover what you thought would be a neat job really is not a fit for you. You might discover a lot of things – and that is the point.
2) They will like you. Yes, I said they will like you. How do I know? You have asked them to talk about themselves. In case you have not read Dale Carnegie’s How to Win Friends & Influence People let me summarize – if you want people to like you, get them to talk about themselves.
3) You are likely to meet many people on that day. I have seen these interviews take 30 minutes with one person, only to get introduced to another then another. I had an undergraduate engineering student who did this with a company and spent four hours in their offices, walking away with business cards from multiple vice presidents and multiple offers.
4) You might get offered a job! Yes – I said you might get offered a job. First time I did this the company was not hiring and I made no mention of getting a job. But when I was walking out the guy told me ”Dale, we haven’t hired new people in this firm in 10 years – but would you be interested in working for us.” I was floored – not because I got offered a job, but because I HAD CREATED A JOB.

What if they offer you a job?
Do not take it! Certainly do not start jumping up and down screaming like a schoolgirl! Act like you expect it, thank them, and remind them you are searching right now and not ready to take this step. The key here is to mean it. This “searching” is exactly what you are doing. You have moved from the person who is looking for anything to the person who is intentionally looking for the right thing. Just as you might shop for the right clothes or the right shoes, your job (or company) needs to be right for you also.

Fact is: if you decide their job offer is what you want to do, they will be there later. You will have their phone number and email address. You can later contact them and tell them that you loved what you heard from them and want to go after an opportunity in that field. Ask them if they know of anything you should approach. Notice – you still do not have to ask for a job. Remember, they like you!

What next?
- Before you take a job, do this a number of times. I suggest at least ten times.
- When you get a job, keep doing this to learn new things. When you need to learn something new for the job, start with the experts.
- Never hate work again!

Dale Callahan is a contributing writer for the IEM Blog. Dr. Callahan is the IEM Program Director for the Information Engineering and Management Program at the University of Alabama at Birmingham. His thoughts here represent the types of topics covered in the Entrepreneurial courses he teaches the clients of the IEM Program at UAB. Thanks to DaleCallahan.com for this article.