Dare to Disagree; Railroaded; Breaking the Bank; More Rooms Available
August 10, 2012
Zach Dell; Charlie Munger; Sir Martin Sorrell; Australian Tour
August 23, 2012

Chet Holmes Death; German Mittelstand Strategy; 10 Industries Hiring Youth

"…keeping you great"

HEADLINES:

Chet Holmes Untimely Death — a friend and faculty member of our Fortune Summit, Chet Holmes, author of one of my favorite sales books of all time, The Ultimate Sales Machine, lost his battle to leukemia last week. Former top sales leader for Charlie Munger (Warren Buffett's partner), he went on to partner with Tony Robbins in building Business Breakthroughs International (BBI). Here's a link to Tony's tribute to Chetincluding.

German Mittelstands — the key to Germany's growing economy vs. most of the rest of Europe are their Mittelstands – mid-size growth firms. They were in the news again last week. Notes the NY Times "the Germany economy sometimes resembles one big Mittelstand company: it is built for stability more than growth. Debt is bad, prudence a higher virtue than profit." Take three minutes to read this insightful article and see why one of the Mittelstand's turned away business; and is a key supplier to China!! Big is bad; small is beautiful.

Great By Choice — reading the NY Times article about their Mittelstands, I was reminded of Jim Collins' research that those firms which thrived in turbulent times held magnitudes more cash than their competitors. Further notes the NY Times article, "That characteristic often frustrates Germany's neighbors, as well as some economists, who wish Germans would spend more to stimulate growth in the rest of the euro zone. But Germans argue that their approach has helped the country avoid downturns like those that have hit Spain and Italy and are threatening France. While Greece was racking up debt during the last decade, Mittelstand companies were resolutely cutting theirs."

Top 10 Industries Attracting Young Talent — with the focus on employment and youth, insight reader Shanna Houston with Collegestats.org sent me a link to her recent article outlining the top 10 industries aggressively recruiting young talent – worth sending to college students contemplating the job market. Thanks Shanna.

Insights on Amazon Kindle — for those that might prefer to have my weekly insights delivered to your Kindle so you can read them even when you're not wirelessly connected, here's a link. 99 cents per month.

Verne Harnish
Verne Harnish
Verne Harnish is founder of the world-renowned Entrepreneurs’ Organization (EO) and chaired for fifteen years EO’s premiere CEO program, the “Birthing of Giants” and WEO’s “Advanced Business” executive program both held at MIT. Founder and CEO of Gazelles, a global executive education and coaching company with over 150 coaching partners on six continents, Verne has spent the past three decades helping companies scale-up. The “Growth Guy” syndicated columnist, he’s also the Venture columnist for FORTUNE magazine. He’s the author of Scaling Up (Rockefeller Habits 2.0); Mastering the Rockefeller Habits; and along with the editors of Fortune, authored The Greatest Business Decisions of All Times," for which Jim Collins wrote the foreword. Verne also chairs FORTUNE Magazine’s annual Leadership and Growth Summits and serves on several boards including chairman of The Riordan Clinic and the newly launched Geoversity. He is an investor in many scale-ups. A father of four, he enjoys piano, tennis, and magic as a card-carrying member of the International Brotherhood of Magicians.

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