Archive for January, 2011

Good news for DFW
January 30, 2011

The good news is that Fort Worth and Dallas are attracting a younger crowd.  Like a magnet, a good economy and jobs are pulling young adults to DFW, and, hopefully, these same people will stay long after the nation’s economy picks up.  This week, Arlington, Dallas, and Fort Worth will be in the spotlight as they host the Super Bowl, bringing national attention to a great area of the country.  Young people all across America will be taking notes.  The Metroplex is wise to welcome people in their 20s with open arms, and  DFW should look for more ways to embrace this demographic.  Young workers bring fresh ideas to a community, spurring innovation.  They also bring much-needed energy and enthusiasm to public and private institutions.  If the Metroplex can continue to find creative ways of attracting young talent to the area, even after the national economy recovers and people have more options, it will continue to thrive.  Fort Worth is leading the charge:

http://www.fortworthchamber.com/letter/?tag=vision-fw

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Super Bowl XLV in Arlington – Festivities in Fort Worth
January 17, 2011

This year, Metroplex football fans were all yearning for the Cowboys to play in the Super Bowl on their home turf in their new stadium.  Unfortunately, fate had a different idea.  The stage is still set, however, for the ultimate sporting event, Super Bowl XLV, to be held in the Metroplex, giving local football fans something to look forward to in spite of the Cowboy’s lackluster season.  NFL division champions will face off at  Cowboy’s stadium in Arlington on Feb. 6th.   ESPN arrives in Fort Worth on Jan. 24 to begin construction of its set with the Chisholm Trail mural as the backdrop.  In addition, the AFC champs will be living it up at one of Fort Worth’s newest luxury hotels, the Omni Ft. Worth in downtown, and the Taste of NFL will be held at the nearby Ft. Worth Convention Center.  These events, plus many more, will bring a great deal of exposure to Fort Worth.  This a great opportunity to show off what Fort Worth residents already know and hold dear – that Fort Worth is a great city.  Sports fans get ready and let the festivities in Fort Worth and Arlington begin!

Where is job creation going to come from?
January 8, 2011

The idea of an American economy based wholly on jobs in the service sector has proven, at least for now, to be a fiction.  With unemployment around 10% and underemployment at a crisis level in the US, this reality is finally starting to sink in across the nation.  We must strike a better balance between service sector jobs and manufacturing jobs in America at least until we can do a better job of preparing America’s youth for jobs in the service sector.  On the whole, I believe that America will be well-served by moving toward an economy dominated by higher level service sector jobs.  However, the idea that we have made this transition in the US is premature by several decades as today’s educational system does not adequately prepare many in our society for  jobs in the service sector that demand higher order thinking.  Instead, public schools still prep students for life as if the world is still moving at a snail’s pace.  Of course, we know the world operates very differently today than it did fifty years ago.  We understand fully that the world economy is moving rapidly and there is now an interdependence between nations that is unprecedented and unlikely to end.  This is the world we live in and now must live with.  One only has to look at America’s oil consumption to understand its reliance on the Middle East or realize that Israel, for instance, has for years bought its oil from Iran, one of its most outspoken enemies.  In order to become a country that is driven by high level jobs in the service sector, we must teach young people and retrain older workers to be problem solvers and innovators.  This will require a reevaluation of our approach to education in America.  Until we do this, little progress will be made toward an economy based almost exclusively on high level service sector jobs.  American universities, for the most part, have made the shift; now it’s time for primary and secondary education in America to prepare its students for the fast-paced world of global and political interdependence.  Otherwise, the question of where job creation in America is going to occur will linger far too long.  To make the  changes needed now, we must envision a better world one hundred years from today.  That’s how we answer the question: Where is job creation going to take place in the US?

Measuring progress in business in 2011
January 2, 2011

Most often, businesses measure success in dollars and cents but this isn’t the  only measure of success nor is it the most important.  The most important commodity in any business is not profit, it’s people.  Progress in business is the result of people choosing to work for a company and thereby helping it achieve its goals.  Certainly, people benefit by receiving a portion of the revenue earned from a company in the form of wages and a company benefits in the form of profit, but successful business owners are mindful that good people are what ultimately makes or breaks a company.  Finding good people is one of the main challenges faced by all businesses.  Recruiting talent is a lot easier when a business measures progress by looking at the bottom line as well as the contributions of each of its employees.  The truest measure of progress for any business, its talent quotient, is more intangible and more difficult to quantify than profit, but it’s also the more meaningful indicator of future success.   Of course, progress must be measured in dollars and cents but good business owners realize that real progress depends on the human factor or talent quotient.    Start the new year right  by recognizing the people in your business who contributed to your success in 2010.  This will get 2011 off to a great start.