The Price Of Leadership

I write about innovation and solving problems with disruptive ideas.  Opinions expressed by Forbes Contributors are their own.

Want to lead? Here’s the price you must pay.

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We just named a new president to run Maddock Douglas, the innovation consultancy I founded 27 years ago. As you can imagine, finding the right person was difficult, but the decision was made easier because Maria, our new president, understands the fundamental facts of leading that too many seem to be missing lately.

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The Leadership Model Used By Steve Jobs, Henry Ford And Thomas Edison

I solve the “people pain points” that keep leaders awake at night. Opinions expressed by Forbes Contributors are their own.

Former Apple co-founder and CEO Steve Jobs (AP Photo/Marcio Jose Sanchez)

If you’re an individual contributor who also manages the work of other employees, you’re what is called a Player-Coach. It’s a very different kind of leadership model than what usually gets talked about, although ironically, Player-Coach is one of the most commonly employed leadership models.

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Work Flexibility Is No Longer Just A Corporate Issue

After Giving 1,000 Interviews, I Found the 4 Questions That Actually Matter

Hiring for culture fit can seem like a mystery, but these 4 interview questions will help you get it right every time.
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If there’s one thing that keeps every founder up at night, it’s hiring. Hiring the best talent is a massive and never-ending challenge. It’s hard to hire your first employee, it’s hard to hire your 50th employee, and it’s still hard to hire your 500th employee. If you’re just starting your company, you may as well get over the fact that you’ll likely lose sleep over hiring.

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The Differences Between Running a Small Company and a Big One

Does size matter when it comes to the CEO role? Yes, but it’s all relative.
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Is it easier to run a small company than a big one? What skills are needed at different stages of a company? Can a big company CEO succeed at a smaller organization and vice versa? Here are some answers from five CEOs (plus myself) who have helmed companies at various stages.
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You Don’t Need to Force Culture. Just Listen to Your Employees

Stop trying to force corporate culture. Instead, realize that if you have great people who are the right fit for the problem being solved, great things and a wonderful culture will happen naturally.
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Culture is one of those buzzwords that startups love to talk about, praise themselves for, and use to recruit new hires. In my opinion it’s all (or mostly) hype, because true company culture can’t be forced. It’s not a ping-pong table, Thirsty Thursdays, or a vision board with beautiful printouts of inspirational statements that your employees stare at all day long. I’ve done that; trust me, it doesn’t work.

Real culture is the outcome of the team you put together. It’s the result of the core values that drive your company and business decisions. Culture is built from the top down and bottom up. Here’s how you can foster its natural growth.

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Mindfulness and Happiness in the Workplace

What’s the connection between mindfulness, emotional intelligence, and happiness in the workplace? Or is there a connection?
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What’s the connection between mindfulness, emotional intelligence and happiness in the workplace? Or is there a connection?

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25 Great Questions To Ask At The Job Interview

 
Opinions expressed by Forbes Contributors are their own.
Dear Liz,

I almost always run out of questions at job interviews.

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When the interviewer asks me “Have any questions for me?” and I don’t have any questions, I can see the disappointment on their face.

Sometimes I have questions prepared but the interviewer answers them before I have a chance to ask.

Can you suggest good questions to ask at my next job interview? The interview is next week — wish me luck!

Thanks,

Carmelita

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5 Inherited IRA Rules You Should Know by Heart

IRA beneficiaries need to know these key provisions to make the most of their inheritance.

IRAs are useful tools to save for retirement, but many IRAs don’t get spent down completely before the accountholder passes away. If you’re named as beneficiary on an IRA, there are five things you really need to know about your inherited IRA:

  1. Spouses can roll over inherited IRAs into their own IRA.
  2. Any beneficiary can elect to take a lump sum.
  3. If the deceased IRA accountholder hadn’t yet started taking required minimum distributions, then beneficiaries can use the five-year rule to delay withdrawals.
  4. Stretch IRA strategies let many nonspouse beneficiaries extend withdrawals throughout their lifetime.
  5. Nonspouse beneficiaries can’t convert an inherited IRA to a Roth.

Let’s look at these rules more closely.

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To Be a Great Boss, Show These 4 Traits to Your Employees Every Day (Most Never Do)

You will find the founders and CEOs of some of the best companies in the world, including The Container Store, Nordstrom, and Zappos, displaying these unconventional traits.
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I’ve done my fair share of researching what true leadership looks like over the years. What I’ve found is that all great leaders have one thing in common: They lift up their employees and help them to joyfully achieve their goals so they can thrive and succeed.

Does that sound like an overused, utopian corporate cliché? Perhaps to you, but the research doesn’t lie. Putting people ahead of profit is what ignites a great company culturethat leads to even more profit. Imagine that.

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