Category Archives: Protecting the business

Why should you explain WHY?

Remember the five “W’s?” In my early journalism classes, I was taught the five “W’s” of good news stories, and that most should be in the first paragraph at that.  Who, what, when, where and why are the five, with … Continue reading

Posted in Depending upon others, Protecting the business, Surrounding yourself with talent | 2 Comments

Employee vs. contractor: Here we go again.

Why revisit this issue now? Several years ago, I wrote an extensive article on the ten most important tests of a company in classifying a person as an independent contractor.  See https://berkonomics.com/?p=662 for that important insight.  But things have gotten … Continue reading

Posted in Depending upon others, General, Protecting the business | 4 Comments

How to solve your most critical problems

First, the challenge Let’s say you have been told by your board, by your chairman, CEO, or direct leader to solve three problems you identify and report back within a month showing progress – or that you have solved these … Continue reading

Posted in General, Protecting the business, Surrounding yourself with talent | Leave a comment

The lion and the ant: A managerial lesson

This story has turned out to be one of the most enduring posts ever for me, well worth repeating.  And what a lesson for us all.  I confess that our research cannot find its source.  So, with thanks to whomever … Continue reading

Posted in Depending upon others, Protecting the business, Surrounding yourself with talent | Leave a comment

My hard-earned lessons from negative exits.

In my life as an early-stage investor, I’ve been closely involved with so many businesses, there were bound to be numerous stories of  actual and near failures, hopefully from which to learn lessons for all of us as we go … Continue reading

Posted in Hedging against downturns, Protecting the business, The liquidity event and beyond | 1 Comment

Patent litigation can kill the small guy.

Here’s the bright side to patents. When you think of patents, you think of added value to the corporation in the form of protection of its intellectual property. In fact, many corporations spend millions developing surrounding patents to form what … Continue reading

Posted in Protecting the business | 1 Comment

Is there gold in your old intellectual property?

Digging through your IP closet for gold… In past years, several times a month I’d have lunch with one of my CEOs, and each time we’d find ourselves digging into the intellectual property developed by the company over the years, … Continue reading

Posted in Growth!, Protecting the business | 2 Comments

Budget from the top down or bottom up? A puzzle.

Here’s the argument: Many people believe that bottom-up budgeting leads to waste and misdirection. The advocates of top-down budgeting are strong in their belief that if you give each person or department no guidance, they will budget to their wants … Continue reading

Posted in Growth!, Protecting the business | Leave a comment

Recognize your five critical business risks.

If you could predict a crisis within your business before its occurrence, wouldn’t you move to prevent or reduce its impact?  Making such predictions is a skill that can be developed, and here’s one method of doing so. First let’s … Continue reading

Posted in Protecting the business | 1 Comment

What can go wrong with your business growth?

So, your business has begun to take off. You’ve figured out your channels of distribution, pricing model and how to support your growing list of customers.  Don’t be alarmed by this next statement.  That’s relatively easy. You can be the … Continue reading

Posted in Growth!, Protecting the business | Leave a comment