Search this blog
Archives
-
Recent Posts
- Take this test to predict your success:
- To directors and advisors: “Noses in; fingers OUT!”
- Are your board members as valuable as you?
- Should board members be elected “for life?”
- Fight for balance on your board!
- Your need for a board grows with complexity.
- Your board should protect you!
- Hire a consultant; ignore the advice!
Categories
Author Archives: Dave Berkus
Need money? Read this!
How important is this issue for your business? The subject of raising money is critical to many businesses and a passing option to others, depending upon the capital efficiency of the enterprise. Some businesses require very little capital and the … Continue reading
Posted in Ignition! Starting up, Raising money
1 Comment
Go ahead! Drive with no speedometer!
Have you ever driven a car that had no speedometer? I had that thrill when a student at the Richard Petty Stockcar School of Driving at a motor speedway in California. With a wide track, angled aggressively at the curves, … Continue reading
What’s the difference between your budget and forecast?
Hold it! These are confusing terms. When does a budget become obsolete? Do we rely upon constant changes and call it a forecast? So, let’s spend a few moments defining this sometimes-confusing set of terms. This is a budget: A … Continue reading
Make your detailed strategic plan!
In these past weeks, we explored the need for a tangible goal and strategies that are measurable as steps toward achievement of your goal. Today, we explore how to create tactics to accompany each strategy, and even suggest a number … Continue reading
Posted in Depending upon others, Growth!, Positioning
Leave a comment
You’re the general. So, make your strategic plan!
Continuing the process of planning… So now we’re getting organized. There are many ways to express the roadmap for your enterprise. One of the most popular was used by the U.S. Army late in World War II and adopted by … Continue reading
So, what’s the plan?
It’s time to speak of some sort of business plan. As a professional investor in early-stage companies, I have long discounted long, detailed business plans in favor of a concise “executive summary” followed by a believable spreadsheet-based financial forecast … Continue reading
Posted in Finding your ideal niche, Positioning
Leave a comment
Can you guess 10 tests for your success?
Your success must be based upon data that is solid and sometimes flexible enough to pass several critical tests if it is to guide a business enterprise to greatness. Here in brief are ten tests for your business success. Try … Continue reading
Posted in Finding your ideal niche, Growth!, Positioning
1 Comment
How are you at setting your goals?
We’ve spent several weeks discussing your vision for success, and whether you could be the next Ford, Jobs or Musk. Now it’s time to make this more tangible, more real – by attaching personal goals to this vision we’ve created … Continue reading
Posted in Finding your ideal niche, Positioning
Leave a comment
Fewer words, greater effect.
I have a good business friend, an experienced manager and teacher with a Harvard MBA, whose creativity and intelligence are admired by many. But he dilutes his effectiveness with wordy PowerPoint presentations. It has become a long running joke between … Continue reading
Posted in General
2 Comments
Could you be the next Ford, Jobs or Musk?
Well, it’s a fair question. Note that none of these three famous innovators were inventors like Thomas Edison, but visionaries who see a new marketplace or niche or how to reach the mass market in ways not previously attempted. Innovation … Continue reading
Posted in Ignition! Starting up
1 Comment