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Learnings

You can learn business.  My journey building M5 was all about accumulating knowledge to be a better entrepreneur, manager, and leader.  This blog is to help me keep some of the notes from that trip, and sharpen my thinking for the next one.

NY Enterprise Report: Founders Discuss Strategic Planning

7/7/2012

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This month, we asked our members: How do you find time away from the day-to-day running of the business to focus on strategic planning?

Dan Hoffman, M5 Networks: Quarterly offsites are crucial. I like to visit a great company or program, such as Zappos, Rackspace, or Verne Harnish’s Gazelles200, as a group to serve as a catalyst for our thinking. Having a strategic planning facilitator helps move the process along. Also, I spend every Monday morning alone in a coffee shop to review how we are doing against our plan and use that time to think bigger thoughts.

Read more at NY Enterprise Report.

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New  York Enterprise Report: Drinks with Rob Featuring Dan Hoffman

5/23/2012

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M5 Networks‘ president and CEO, Dan Hoffman, talks to NY Report publisher and CEO Rob Levin about selling his business and some past tough times
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Holes and Drills

4/11/2011

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“Customers want holes, not drills”. Whurley reminded me of this old business saw while presenting to a group of Alan Patricof’s CEOs last summer.  He provided a great first-person example of an iPhone app for kids that his chaotic moon studio recently built called “The Quiet Game”.  Based on the insight that parents often hand kids their iPhones to keep them quiet, “The Quiet Game” uses the microphone to dock points for noise while playing.  Problem solved.  A hit.


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My Business Plan is Too Long

2/24/2010

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We wrote a 105-page business plan this year.  The exercise was mostly a success in getting my managers to write out and share their thinking.  The entire company was invited to read the plan and review it, but very few actually did. Only a portion of the senior executives read each other’s sections.  The end result was an excellent roadmap, although I’m a fan of the Helmuth von Moltke the Elder quote “no plan survives first contact with the enemy.”

We cooked and ate the thing, but I’m not sure we digested it.


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Six Words: Stronger Workplace, Lotsa Fun

10/28/2009

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Almost every business owner I talk to lately has experienced a tough year.  Staffs were broiling, whining, anxious, stressed.  Cuts hurt trust.  And trust is the foundation of effective teams, so that's not good.  I thought I’d repost this blog entry to give some props to Larry Smith, who is building a business around a fast and effective exercise we did a few months ago.

Teammates need to get to know each other, so they can have candid relationships.  So we're back down to the foundation of Pat Lencioni's Pyramid from Five Dysfunctions of Teams.  When they do, they care more about each other's approval, ask for help quicker, and hold each other accountable … and so up the pyramid to getting results.

I'd send everyone to a rope's course if we had time.  (Or if they wanted to, or if there was a decent ropes course within 2 hours of Manhattan, or if it worked over video conferencing for all of our offices.)


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Mosh Pit Metaphor

8/11/2009

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What a treat - I got to watch the Green Day concert in “The Pit.” We stood a few rows from Billy Joe Armstrong, on the edge of moshing. Men, and a few women and children were slamming into each other, spinning, flailing, shoving, dancing. When someone went down, a hand and a smile picked them right up. It was intense and fun, an island with its own rules amongst a sea of Madison Square Gardeners.


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On the Harry S. Truman, part three

7/8/2009

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There is no question that the Harry Truman was built using some of the most sophisticated technology on the planet.You feel it the second you step into the Command Center. So what do they use for the phone system on-board?

Funny. I've never seen more old-school analog handsets on one wall in my life. There's a different color handset for every process: landing planes, steering the boat, talking to shore, talking to weapons, ordering food (just kidding, I made that up).


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On the Harry S. Truman, part 2

6/10/2009

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A few Saturday nights ago I was four-stories up in the tower of the Harry S. Truman nuclear power aircraft carrier watching F-18s take-off and land in the dark.  Admiral Fox was talking about the weaknesses of the military bureaucracy.  You’ve heard it before: how can this massive institution of almost 3 million active and reserves plus contractors engineered to project overwhelming force be nimble enough to meet the new century’s dispersed and dynamic threats?  As examples, Fox was bemoaning the recent disaster of spending billions and almost a decade trying to upgrade the President’s helicopter and the fact that it took ten years to make a minor upgrade to the F-18.


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On the Harry S. Truman, Part 1

5/26/2009

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Two weeks ago, I had the privilege of joining a group of eight CEO’s for a weekend on the Harry Truman, a Nimitz-class nuclear aircraft carrier, during training exercises in the Atlantic. We were hosted by Rear Admiral Fox, Captain Clarkson and his officers.  Since it is now Fleet Week in NYC, I felt especially fortunate to be afforded this opportunity.  Aside from the thrill of our C-2 cargo plane taking off and landing by catapult and hook-wire on the Harry S. Truman 1(video), the trip triggered thoughts about culture, management and technology.


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Rackspace Says, When You Got it, Flaunt it!

3/23/2009

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A recent Winning Workplaces blog titled, Transparency is a Business Model, highlighted how Rackspace practices transparency to differentiate their service.  We’ve visited with Rackspace (thanks Graham and Lanham) and couldn’t agree more that they are setting a great standard for us all to live up to.Recently, we visited with a similar practitioner of this new art at Zappos.(another big public thank you to Tony Hsieh & team.)


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