From the category archives:
I saw this on Twitter yesterday, posted by Meghan Biro:
Remember that the six most expensive words in business are: “We’ve always done it that way.”–Catherine DeVrye
She makes a good point. In my 30+ years in business I’ve seen way too much of “we’ve always done it that way” and I’d like to think (maybe I’m [...]
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This is the third of four answers to questions I got in email last week from an MBA student asking my opinion as part of his research. The question is the title: how does innovation fit into a business plan?…
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How do you develop a business plan when change in the industry is imminent? This is the second of four questions I got last week from an MBA student doing research. The first became my post yesterday on what makes…
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This is the first of four answers to interesting questions. Yesterday I got an email from an MBA student asking me four questions. It’s part of his research. I balked at first, because I think I’ve answered these questions before,…
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Note: this is a slight modification of a column I wrote for the Eugene Register-Guard. My mother used to say: “put yourself in the other person’s shoes.” She gave a lot of good advice. Nowadays we call this idea empathy,…
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Noah Parsons linked me over to Updating a Classic: Writing a Great Business Plan, on the Harvard Business School Working Knowledge site. Sean Silverthorne interviews William Sahlman, author of How to Write a Great Business Plan, “one of the most…
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Jing’s an interesting example of keeping it simple. Do one thing well, no frills necessary. John Jantsch of Duct Tape Marketing tipped me off (thanks John) with a recent post. I picked it up quickly and did the quick mini…
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(Note: I posted this on Up and Running yesterday. I’m crossposting it here for reader’s convenience. – Tim) I really don’t like the word “valuation”; it sounds too much like an MBA buzzword. But I like even less the general…
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(This is cross posted from my column on Entrepreneur.Com) Cash flow problems can kill businesses that might otherwise survive. According to a U.S. Bank study, 82 percent of business failures are due to poor cash management. To prevent this from…
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Picture yourself in front of a group of 20-30 business owners. They are computer or software resellers, dealers of Progress Software, Autodesk, SolidWorks, or a personal computer manufacturer. They are mostly men in their 40s and 50s. Most of them…
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