Do you have sleepless nights worrying about work? Are you stuck, is the company insolvent or maybe you are losing position?
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Do you live in fear or experience depression related to work?
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CALL JACK TODAY818.483.3980______________________ Although you don't realize it most business problems are a refection of unconscious blocks. These psychological problems connect past issues with today's business events and entrap you. Call for help
Answer Man. Answers!
| Here is your answer from Dr Jack Lin. |
You are truly in the dilemma of every small under capitalized business or company. Currently I am working with three companies in similar situation. Their are no easy solutions, you are in the middle of a birth process. You must examine the following possibilities: 1) using your financial forecasting model look for outside capital (government, extended family, friends, acquaintances, and local investment bankers). Say to them “I am looking for someone to invest in my business, do you know anyone that may be interested.” Do not put direct pressure on your own family. You want this to be a win-win situation. I do not believe a person can be a committed to their family and to birthing a business simultaneously. You must choose one or the other. I do not know your personal situation, but if you choose the business, 2) then release, let go of one or more of your employees. I know this seems bizarre, but you must get to a positive cash flow otherwise the business will be stillborn. I remember working 100 years a week (Yes a 100), including Saturday’s and Sunday’s to birth my businesses, as I had no capital. This means that for several years I sacrificed my family. 3) Do not over commit. I have some expertise in the solar business though I do not know the niche your company is in. Do not overcommit or work unless you have established an accounts receivable lender. A profitable growing company can die because of the lack of cash. You may consider or try to find out if any of your present employees are willing to take a cut in salary for a partial ownership of the business. (Phantom stock). Start talking to local bankers now even if they cannot give you financing at your present size. You must develop a relationship so that at the appropriate time they can be your advocate to their superiors and assist you in funding. 4) Wait wait wait, remember the three T's for birthing a business. It takes Time, Toughness and Tenacity! 5) Continue even into bankruptcy if necessary, the experience you will have won whether successful or not is priceless. EVEN PETER DRUCKER COULD NOT TEACH YOU THIS IN SCHOOL YOUR EXPERIENCES CAN NOPT BE TAUGHT VICAREOUSLY. IT CAN ONLY BE EXPERIENCED. 6) Remember you are in the flow of the great MOTHER trust the process (that is the 4th T (Trust), g-d bless. P.S. Look for a local mentor who is a successful businessperson, ask for help and keep reaching out. |
| Dr Jack Lin is a Change Leader! |
MARINA DEL REY, CA, November 11, 2010 /24-7PressRelease/ -- Dr Jack Lin hits another home run. At a recent American Council of Independent Laboratories ACIL (http://www.acil.org/), Dr Lin gave a keynote speech titled "Growing a Living Company for 50 Years." More... |
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Are you ready to cross the bridge to high level functioning with enhanced intuition, wisdom and clarity? Dr Lin has found that many company puzzles are related to the CEO's personal psychological issues. Allow Dr. Jack Lin's 40 years of success and a lifetime of discovery deliver enhanced business performance to you and your organization. More... Dr Jack Lin founded National Technical Systems, (NASDAQ: NTSC). NTS provides companies and government organizations throughout the world with process and product compliance services, technical resources, design engineering services and program management support.
"It is lonely at the top and I understand the issues and the wilderness that a CEO must confront to effectively engage and lead tomorrow's companies" In 2005 NTS was ranked as the 6th best performing stock over a 25 year period according to FactSet Research Systems. The top ten included Wal-Mart and Warren Buffet's Berkshire Hathaway Inc. Dr Lin was the CEO of NTS throughout these 25 years. At the time, CEO and Chairman of the Board Dr. Jack Lin remarked that "We could not imagine being placed in better company." Throughout this time Dr. Lin has worked for the associates (employess), of NTS not the other way around. His team had a true love and affection for him. This is leadership in action. Dr. Lin holds a Ph.D. in Depth Psychology from Pacifica Graduate Institute in Santa Barbara. He also holds an MTP (Master of Arts in Transpersonal Psychology) from University of Oriental Studies, Los Angeles, an MBA from USC and a BAE (Bachelor of Aeronautical Engineering) from New York University. Dr. Lin is a Registered Professional Engineer from the State of California.
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As a CEO or Entrepreneur are you ready to address the fundamental health of your company? 