Category Archives: Protecting the business

Can you stretch the truth to make your point?

How easily it happens… Sometimes it is easy for someone to make a statement that, in the enthusiasm of the moment or to make a point, crosses the line between fact and fiction.  Sometimes it seems to you to be … Continue reading

Posted in Growth!, Protecting the business, Surrounding yourself with talent | 2 Comments

Do you really need a board of directors?

First, the short answer No matter what your size, if you intend to grow your business into more than just a lifestyle workplace, you should create a board of directors.  If you take money from knowledgeable investors, you will be … Continue reading

Posted in Growth!, Protecting the business | 4 Comments

Your time is as valuable as your money.

Enterprise time as a measurable commodity. Let’s examine the challenges to a CEO in making use of enterprise time, one of your most valuable and often misused assets.  Enterprise time, as opposed to personal time management, is the sum total … Continue reading

Posted in Protecting the business | 3 Comments

The tender issue of stealing time

It’s a big issue within any company.  With easy access to Internet shopping, games, social networks and more, employees can find many ways to focus on personal issues while at work, detracting from productivity and demonstrating a disrespect for the … Continue reading

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Could you achieve ten percent net income each month?

How planning is done today Most entrepreneurs and managers, when modeling their business operations using a spreadsheet, start with expected revenue by month.  Then they calculate cost of sales, and then project their expenses, to find the bottom-line profit or … Continue reading

Posted in Growth!, Protecting the business | 1 Comment

Ready, fire, aim. Really?

You’ve surely heard the variations on this theme.  “Ready, fire aim” was popular in the 1990’s, accredited to any of several authors.  I used the term to describe my efforts in the artificial intelligence field, experimenting with new devices, the … Continue reading

Posted in Depending upon others, Hedging against downturns, Protecting the business | 1 Comment

My dad said: “Never take on a business partner.”

My dad was a smart businessman, even if not formally trained. He occasionally gave me advice that turned out to be more than wise, looking back at subsequent experience and events.  His personal teaching event was a typical experience, as … Continue reading

Posted in Depending upon others, Ignition! Starting up, Protecting the business | 8 Comments

Decoding and learning from a business failure

Have you experienced a business failure? Are you currently at risk due to events you cannot control? Not all companies are successful. Your end game could be a failure of the business.  In fact, many angel investors or venture capitalists … Continue reading

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What would happen to the business if you die, leave or are disabled?

Yes, we’re invincible when young When we are young and early in our business lives, we feel infallible to the degree that we do not think of what might happen if we die while in office or decide to leave … Continue reading

Posted in Depending upon others, Protecting the business | 1 Comment

An economics lesson for growing companies

Catching up from past insights Growing companies usually require more working capital during their periods of rapid growth.  In past insights we have calculated the amount of additional capital needed for a business as it grows, and the additional capital … Continue reading

Posted in Depending upon others, Growth!, Protecting the business, Raising money | 1 Comment