It’s not about the economy; it’s about your economy. By your economy, I mean your company’s economic situation (as opposed to your personal economic situation, which is a whole other issue). When people talk about "the economy" they are usually referring to the national economy. It’s what you read about in newspapers and online. Overall, that economy is pretty bad. The statistics referenced are averages, and as we all know, averages can be misleading. It makes me think of the old analogy: if you have one hand on the stove and the other in a bucket of ice, on average you’re feeling just right. …Read More
"Mind" Your Business
Thought Provoking Blogs for Business Owners and Executives
Corey Chambas: President & CEO of First Business Financial Services, Inc.
Corey Chambas, President & CEO of First Business Financial Services, Inc. is a featured blogger for IBMadison.com. Corey has over 25 years experience working with local businesses. He currently serves as a director of several of First Business's companies, is a board member of M3 Insurance Solutions, an advisory board member of Bellbrook Labs and Aldine Capital Fund, and a member of the Strategic Issues Campaign Committee for the United Way of Dane County.
Corey's recent blog postings are featured below.
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Recent Blog Posts
I was recently talking to a fellow business person about hobbies, and we discovered we both competed in triathlons. As we talked a bit more, I mentioned that my favorite hobby, however, is musky fishing. She said, "Boy, you must really be patient!"
Muskies are sometimes known as "the fish of 10,000 casts," and while that might be a bit of a stretch, most days on the water, you don’t catch a fish. I chuckled at the irony, because if you ask my wife or the people I work with, they would all say I am very impatient. I started thinking about the phrase, "patience is a virtue." Is this …
We recently hired a few new employees. As their supervisor walked them through our facility and introduced them to everyone, I was reminded of a process I follow with my own direct reports. On the first day, I sit down with the employee and basically say, "OK. You have the job. In our lengthy interview and hiring process, you may have fooled me and been able to oversell yourself a bit. If so, that’s OK. At this point, you’re hired and I am fully committed to making sure you are successful." I let the employee know that if there is ever anything that they need help with, don’t understand, or …Read More