Rhythm Blog | Business Execution

by Patrick Thean and the Rhythm Team

4 Things CEOs Need to Know about Activist Investors

Alicia Croke Wed, Sep 6, 2017 @ 09:00 AM

The term activist investor has been floating around Bloomberg and the Wall Street Journal for a while now. Activist investors are turning up the heat in companies all over the market, including Saks Fifth Avenue and Buffalo Wild Wings. What exactly is an activist investor? What do they do and how do they impact your business?

According to Investopedia, "An activist investor is an individual or group that purchases large numbers of a public company's shares and/or tries to obtain seats on the company's board with the goal of effecting a major change in the company." 

Growing Your Company: Tips for Taming the Chaos

Cathy McCullough Sun, Aug 20, 2017 @ 12:00 PM

There’s a chain reaction at the root of most organizational chaos. The catalyst is lack of focus. Without a clear definition of what’s most important, people (including leaders) don’t understand what deserves attention or why. Instead, people operate based on a multitude of assumptions about what they think is most important. When this happens in a company, the default mode is to react to what’s going on at any given moment on any given day. Without discipline, every opportunity is a shiny object to be chased—and trust me, there will always be plenty of bright shiny objects to reach for. 

How to Stay Sane While Growing Your Company: A Case Study

Cathy McCullough Tue, Aug 15, 2017 @ 09:00 AM

Everywhere I looked around the office, people were dashing, working feverishly, heads down, eyes glued to screens. It was like watching a group of mad scientists  go  about their work, and there was a definite edge of “crazy busy” in the atmosphere. Teams were operating at the mercy of every single problem, and by his own admission, the CEO’s marching orders changed by the day, or even the hour. 

The CEO (let’s call him Fred) shared with me that meetings at his company were usually his own random agenda of everything that needed to be fixed, or worked on, or improved, or updated, or reinvented, or adjusted. He would strongly suggest solutions for specific problems that were clearly on his own front-burner, and there wasn’t much discussion. As he walked away from these meetings, people followed him down the hall, asking questions. They would then scatter to get back to the job at hand, only to find, according to Fred, that his directions would change the next day.

3 Sales Contest Examples to Predictably Increase Revenue & Profit

Barry Pruitt Sun, Jul 23, 2017 @ 09:00 AM

I recently shared an interesting trend regarding sales and predictable results. The premise was that leaders just like you are desperate for processes that will predictably generate business growth and that’s a conversation that led me to Jack Daly. Jack is a super salesman so I approached Jack with the question, “How can CEOs and leaders gain the predictable result of increased revenue and profit?” Jack's answer was sales contests (read part one of Jack's answer and details of his Mercedes Club example here).

4 Ways to Prepare Your Employees for a Merger

Alicia Croke Tue, Jul 11, 2017 @ 09:00 AM

An acquaintance of mine has recently undergone a merger at her corporation. As a mid-level employee, she knew it was coming; her company had announced a few months ago, but she hadn't heard any specific details other than it was going to happen.

When the time came for the companies to merge, there was confusion, misalignment, and miscommunication. During a merger, often preparing employees has been left off the agenda or is an afterthought.

Rhythm Client Achieved $1.4 Billion Valuation

Patrick Thean Fri, Jun 9, 2017 @ 09:00 AM

Yesterday was a big day for Michael Praeger, CEO of AvidXchange. No… Sorry, it was a huge day! Yesterday, Michael had press conference at their newly opened Charlotte campus. They were announcing not one but three great wins towards his dream of building Charlotte into the “Silicon of the South.”

Win #1: MasterCard announced that they are partnering with Avidxchange to create a B2B hub that  brings AvidXchange technology to their network of banks.

5 Reasons Strategy Execution Fails

Alicia Croke Thu, Jun 1, 2017 @ 09:00 AM

We are already two-quarters deep this year. How is your 2017 plan going so far? Is it already careening off its track, middling along, or right on target?

If you have found that your plan is already off track, have no fear! Harvard Business Review to the rescue! Donald Sull, Rebecca Homkes, and Charles Sull found five myths that cause strategy execution failure. 

Advice for a Rapidly Growing Business

Cindy Praeger Sun, May 7, 2017 @ 12:00 PM

According to Fortune, “The Kauffman Foundation and Inc. Magazine conducted a follow-up study of companies five to eight years after they had appeared on the magazine’s list of the 5,000 fastest-growing companies. What they found was startling: about two-thirds of the companies that made the list had shrunk in size, gone out of business, or been disadvantageously sold."

If your business is growing rapidly, you might feel as though you are losing control of steering the ship.

The Missing Link Between Planning and Success

Ted Skinner Thu, Mar 30, 2017 @ 09:00 AM

I love my job! I get to work with people to make their business hopes and dreams come true. I mean, what is not to like about working with teams to help them envision, plan, execute and achieve their growth initiatives? I am lucky to be able to help lift leaders out of the day to day firefighting mindset to work consciously on their growth initiatives. Too often, companies get caught up in the immediacy of the urgent and don’t take the time required to work their long-term strategic initiatives. Just because it is urgent doesn’t mean it is important, and that’s where Rhythm Software steps in to fill the gap.

4 Steps to Get Your Team Past Issues and Problems

Barry Pruitt Fri, Mar 3, 2017 @ 09:00 AM

Everyone hits a ceiling of complexity. Teens hit a level of complexity in sports, class, and social situations. Entrepreneurs hit levels of complexity in sales, collections, culture, communication, focus, size, number of members, and more. The teams and companies that succeed are the ones that figure out how to solve problems better, faster. And that’s a ceiling of complexity that I observe in many fast growth companies. A one-person entrepreneur shop can move fast, make decisions quickly, and re-chart direction as often as needed. Small companies with few employees can circle a conference table and hammer out solutions. Yet, as your company and teams grow, it gets progressively harder to solve problems in a timely manner.