1 hr 25 min
Jim Donnally | LLP 57 | Becoming CFO of Glockner Enterprises, Managing Risk, and Rules for Success Local Legends Podcast
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- Entrepreneurship
Jim Donnally is the current CFO of Glockner Enterprises. He's been a part of some of the most impactful innovations in Glockner history. The family credits him for much of their success, although you won't find him taking credit himself. His honesty and articulate storytelling is a welcomed addition to the podcast, and I'm proud to end my time here with an impactful conversation from one of my friends and professional mentors.
Thanks for everything,
Connor
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From the Desk of Jim Donnally:
Top 10-key rules for success
1.Serve others before/ahead of ourselves.
2.Have a long view. Be enthusiastic about making current sacrifices in exchange for long-term gains.
3.To create uncommon value, do the dirty, smelly, hard work that others prefer to avoid. And do the most difficult work first.
4.Challenge the status quo. Teams trend toward complacency over time; the antidote is to passionately earn our way every day
5.Expect success, internalize failure, but don’t celebrate either for long.
6. A career lasts a long time; we learn along the way but attempt to avoid creating myths correlating efforts and results. We err when we believe that past successes give us a pass on new deal diligence or when we ignore the impact of luck and timing.
7.The most important thing in business is billing. We might believe that it is technical competence, customer service, supply chain management, pricing or otherwise, but we might not be correct.
8.In all things and in all relationships, be fair and require the same from others. It’s nice to be nice; be the servant we wish to have. Measure the value of relationships and jettison those that cost too much or that we don’t enjoy.
9.The most admirable professional attribute is listening well. Always be learning, risk to implement new knowledge and be hungry to be better at _____ (fill in your own blanks).
10.Being all in is optional, but choices are not without costs. The number of times we bet the farm is optional.
--
Humorist List
1.When the horse that you’re riding dies; dismount.
2.When you’re in a hole; stop digging.
3.If you think it is complicated now, form a committee.
4.A business model predicated on national, State or local incentives is doomed to fail.
5.If you want to run a non-profit, do so. A venture without profits is a hobby.
6.It’s okay to punt and regroup again and again. We’re in control of the clock and time will not run out until we do.
7. The best ideas are stolen.
8.Corporate welfare is generally a bad idea.
9.Bad credit costs too much. If you buy it, pay for it on time. Don’t be a dick.
10.Cash is king, but if the queen cries, she’s the ruler.
Jim Donnally is the current CFO of Glockner Enterprises. He's been a part of some of the most impactful innovations in Glockner history. The family credits him for much of their success, although you won't find him taking credit himself. His honesty and articulate storytelling is a welcomed addition to the podcast, and I'm proud to end my time here with an impactful conversation from one of my friends and professional mentors.
Thanks for everything,
Connor
--
From the Desk of Jim Donnally:
Top 10-key rules for success
1.Serve others before/ahead of ourselves.
2.Have a long view. Be enthusiastic about making current sacrifices in exchange for long-term gains.
3.To create uncommon value, do the dirty, smelly, hard work that others prefer to avoid. And do the most difficult work first.
4.Challenge the status quo. Teams trend toward complacency over time; the antidote is to passionately earn our way every day
5.Expect success, internalize failure, but don’t celebrate either for long.
6. A career lasts a long time; we learn along the way but attempt to avoid creating myths correlating efforts and results. We err when we believe that past successes give us a pass on new deal diligence or when we ignore the impact of luck and timing.
7.The most important thing in business is billing. We might believe that it is technical competence, customer service, supply chain management, pricing or otherwise, but we might not be correct.
8.In all things and in all relationships, be fair and require the same from others. It’s nice to be nice; be the servant we wish to have. Measure the value of relationships and jettison those that cost too much or that we don’t enjoy.
9.The most admirable professional attribute is listening well. Always be learning, risk to implement new knowledge and be hungry to be better at _____ (fill in your own blanks).
10.Being all in is optional, but choices are not without costs. The number of times we bet the farm is optional.
--
Humorist List
1.When the horse that you’re riding dies; dismount.
2.When you’re in a hole; stop digging.
3.If you think it is complicated now, form a committee.
4.A business model predicated on national, State or local incentives is doomed to fail.
5.If you want to run a non-profit, do so. A venture without profits is a hobby.
6.It’s okay to punt and regroup again and again. We’re in control of the clock and time will not run out until we do.
7. The best ideas are stolen.
8.Corporate welfare is generally a bad idea.
9.Bad credit costs too much. If you buy it, pay for it on time. Don’t be a dick.
10.Cash is king, but if the queen cries, she’s the ruler.
1 hr 25 min