One question every person in charge should ask

There is not much of a silver lining to the Gulf oil spill, but people in charge – whether entrepreneurs, executives or longtime business owners – can garner valuable wisdom from one of the many mistakes that made the disaster more likely.

Potentially, busy with the severe recession, the financial sector bailout and the fight for a national health care plan, the Obama administration missed at least one ball it should have been keeping in the air: effective regulation of the oil industry in general and of deep-water drilling in particular.

The potent lesson for those of us in charge? There's a question we should ask ourselves often, and that we should grant ourselves the mental space and creative license to answer: What am I missing?

It's natural and tempting to get on a track and follow it, or to create a plan and execute it without taking the time and energy to step to the side and take stock - frequently. Are you missing opportunities? Not alert to certain dangers? Letting issues, people, money, or projects slide while you deal with everyday urgencies and tempests in a teapot?

It's true that people in charge have many of their best ideas while driving, showering or taking a vacation. Extend that freedom of mind into your everyday routine. Assign or put aside routine tasks to facilitate your own creative thinking. Read a business book on a new topic. Ask yourself if there's anything on your mind that you're not dealing with (it's often right there below the surface). Access your right brain.

What am I missing? I'm glad I asked myself. I'll ask again. And again.

Investment advice... anyone??!

[caption id="attachment_284" align="alignnone" width="300" caption="Pulling together a clever game plan is taking awhile."][/caption]

Step 1: I decided to look over my investments. Being thoroughly up-to-date, I have everything accessible online. Being thoroughly a coward, I hadn't looked at any of it in... oh, shall we just say, quite a while.

Step 2: Returning from the kitchen, now with a paper bag into which I expect to breathe for some time, I sat down to think. I thought about simplicity. I thought about how much I enjoy my work, and wondered if I will still enjoy it when I am 86.

Step 3: I realized I don't like simplicity all that much. No, I needed facts. An action plan. And thus I began my research.

Step 4: My financial advisor, whom I trust, said it's hard to predict what will happen next and how long recovery will take. NOT GOOD. Like a student seeking her guru, I continued my search.

Step 5: I assumed the major investing publications would help out. What sectors are good? What kind of a time window is needed to recover while staying largely in equities? Should I sell my jewelry on the streets of Springfield? I hoped to find the answers to these and more deep questions.

Step 6: "The answers" I have found

Big Oil: We told you so.

If you can learn from the mistakes of others, now is a great time to be an investor.

Dow 20,000 or 5,000? (Author doesn't know)

I've also learned that I should: use Quicken, keep putting lots of money in my retirement plan (kind of like dumping sand into a big wet hole you've dug on the beach, but okay), and look at exciting vehicles such as whole life insurance (who needs ACCESS to the money when you know it's somewhere out there?)

Step 7: What? I'm taking a nap now. Let me know when I should wake up.

Funny is good.

[caption id="attachment_111" align="alignleft" width="150" caption="Minnesota Interactive Marketing Association (MIMA) explores brainstorming at its upcoming conference."][/caption]

Creative brainstorming is a part of what our company does. Oh, it's not as big a part as interns and other neophytes hope, as evidenced by our laughter when a bright-eyed young interviewee offers, "I can give you great ideas." (Actually, we were hoping she or he was a whiz with the postage meter, or perhaps calling to collect late payments.)
But, back to the point. Creative brainstorming is crucial, particularly in cases in which the soul of outreach is ear-catching words, innovative graphics, or some virtually unheard-of new interactive approach.

Getting there is fun. Humor and offbeat ideas are a surprising route to the really, really, great idea. Say we're marketing a new macho product and need a name for it. Generally, someone in our "creative brain trust" ends up laughing so hard his or her stomach hurts, shouting out ridiculousness such as "buzzcut!" or "dude!" until finally, 5,761 completely unusable ideas inspire The Answer.


Our work is serious. Really. But when we want to get to that part of the brain that yields wonderful, original concepts, we need to unleash childlike abandon.

Nice work if you can get it, eh?