Archive for November, 2009

Passion: The Energy Multiplier

Wednesday, November 18th, 2009

These past several weeks have been absolutely crazy for me. I’ve been working almost non-stop and, honestly, I have loved every minute of it.

When working with current and aspiring entrepreneurs, I talk a lot about finding your  passion. I used to say that you know you’ve found your passion when you’re engaged in a task and time passes quickly.

I don’t believe that anymore. After all, time passes quickly when I drive the repetitive 40-mile route home from Time Fliesteaching 2 nights a week. More than once I have arrived home somewhat surprised that I didn’t remember the drive. Has that happened to anyone else? Sure. But does that mean we’re passionate about driving? Not necessarily.

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The Oh-So-Good Way to Share Not-So-Good Info

Sunday, November 15th, 2009

Special thanks to Carol Coughlin, CPA and Principal of Bottom Line Growth Strategies, Inc. for this guest post. Great information everyone can use!

Businesses love sharing news about their successes. Not only do they enjoy tooting their organizational horns, but they should share good news. It’s good business to tell customers, stakeholders and the public in general about the great things that are happening.

However, with a large number of businesses now in adverse financial situations, many owners are questioning whether sharing is such a good idea right now. They are asking:

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Cruising into a $1B business

Thursday, November 5th, 2009

I recently organized a reception to introduce prospective members to the DC-Chapter of the Women Presidents’ Organization. In addition to discussing the awesome organization and the power of peer advising, I wanted to provide some business value at the session. To that end, I invited Gloria Bohan, Founder and CEO of Omega World Travel, to an informal discussion about how innovation helped her grow the business she founded over 34 years ago into its current 800+ employees and over $1B in sales.

Gloria never really set off to start her own business. She became enamored with cruising on her honeymoon. They had been upgraded to a suite on the QE2 and had such a delightful time, Gloria caught the cruising bug. The next cruise she took, however, didn’t include an upgrade to a suite, but she couldn’t help but notice all the upgraded travel agents. She wanted what they had – access to travel opportunities. And that is how the idea for Omega World Travel was born. As she framed it, “Inspiration carries us where we didn’t even know we wanted to go”.

Over the 34+ years that Gloria operated and grew her company, innovation in all forms was at the core of the company’s success. Gloria credits their “gearshift” mentality – flexibility with ability to change directions – as crucial to survival and sustainable growth. They had to continually understand and tap into their clients’ evolving needs. She also saw huge benefits in making everyone in the company think entrepreneurial – a philosophy that we both share.

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