The best laid plans will not work out. We don’t live in Eden. We live in a world where there are good intentions, but life gets in the way. Things go wrong all the time. And for the entrepreneur, the person pioneering on the frontier of ideas and seeking to make them happen in reality,Continue reading “Why Entrepreneurs Need To Be Contingency Experts”
Tag Archives: Entrepreneurship
Create More Options and Stop Working Harder
When you are not getting the results you want, is it better to try harder or diversify your options? While there are myriad circumstances, when the law of averages governs the game you are playing, more options, attempts and scenarios can be a strategic move. Instead of working hard on one relationship build a hundred more withContinue reading “Create More Options and Stop Working Harder”
Make Good Deals So We Don’t Hate Each Other
I have always said, “Good agreements make for great relationships. Bad agreements make for bad relationships.” And having done many deals over many years, I can see where I have had a profitable and fun relationship when there are explicit expectations. And when there has been innuendo or ambiguity, relationships suffer because there is notContinue reading “Make Good Deals So We Don’t Hate Each Other”
We Are the Factory
In my past life as an engineer, I used to visit manufacturing facilities, tool shops and fabrication outfits for project work. These are places where efficiency, speed and output are the focal point. Human beings acted like machines in their work pushing dozens or thousands of parts and assemblies through every day. In theContinue reading “We Are the Factory”
If You Are Not the Winner Do This
Someone has to be the the winner. Someone has to be Facebook. Or Uber. Or Google. In our connected economy, we have a winner-take-all dynamic. It’s easier to consolidate and see a clear winner arise from leveraging a business system. However, what we see and are aware of is based on a success bias. We don’tContinue reading “If You Are Not the Winner Do This”
400% Returns on Assets
Take a look at the chart of some sample industries and the multipliers on asset value (business). If you can get net income or profit to $100K in a business like plumbing, you can sell the business for $450K. Every thousand of profit increases the sales price by 4.5x. You can try and hunt forContinue reading “400% Returns on Assets”
You’re Not Good At It
Here’s the paradox of a blind spot – you can’t see it. It’s a blind spot. What if you can’t see that you are simply not good at something? You have put in enormous effort and time, but you are still blind. Perhaps you can notice when someone else does the very same things youContinue reading “You’re Not Good At It”
Think Smaller
Everyone is not Elon Musk or Larry Page. In fact, it’s extremely rare to have such a quality of big thinking such as solving “billion-person problems” and sending humans to Mars. You have to have extreme vision and, at minimum, have your stuff together. If you are stumbling over simple things like getting things done orContinue reading “Think Smaller”
I Would Rather Talk to Practitioners
In theory there is no difference between theory and practice. In practice there is. ~ Yogi Berra We have never lived in such a time as we do today where there is no end to information being put out into the world. It’s overwhelming and daunting for sure. One of the strategies to survive isContinue reading “I Would Rather Talk to Practitioners”
Hustle as Strategy
Have you seen people that are simply too rich? I actually think we are too rich as a society overall. We have the ability to solve so many problems, much larger than we are attacking, for sure. But we are comfortable, complacent and unmotivated. Simply watch people’s behaviors, especially after some success, and tell meContinue reading “Hustle as Strategy”
