Well it has been some time in coming but my blog is finally up and running. So welcome to my blog. The delay was due totally to my procrastination. My web design firm GoFactor Design and my PR advisor Ann Videan of Videan Unlimited told me to do this months ago. When they first suggested it I don’t think I even knew what a blog was but I have finally come into this century and I have a blog. 

I think what really convinced me to follow their advice was when I realized that I could use this blog to do what I have enjoyed doing for my entire 25 year consulting career – writing and talking about my thoughts and theories about business growth and creating value and wealth in growing businesses. So that is just what I am going to do. I plan to refer back to some of what I have written for my long running magazine column and for my books as well as expound on new ideas and thoughts about creating growth and wealth. I really like to tell true success stories of businesses I have seen and worked with so I will definitely include some of those in this blog. Of course I will not be able to resist telling some horror stories as well.

I hope you enjoy reading my blog and will visit often and please participate in the discussions that I hope will occur. I will be updating it often. Sharing your input and experiences as owners and managers (and employees) of growing businesses will be invaluable to others.   

I am a strong proponent of performance-based compensation so I have decided to use this as the topic for my initial blog entry.  Performance based compensation can be a powerful tool for creating a performance-based culture. That is a culture where people take responsibility for their actions and are continuously striving to perform to the best of their abilities. However, for a performance-based compensation or incentive system to bring the desired results requires a carefully designed system. The crucial issue in designing any system is to ensure the incentives actually incent the desired behavior. (The contents of this blog article are taken from my book “Expand Your Entrepreneurial Passion Into Growth and Wealth”)