Don’t Let Your Employees or Partners Become Irreplaceable
Never let one individual become so indispensable to your organization that he orshe is able to hold you hostage. By that I mean that the…
Never let one individual become so indispensable to your organization that he orshe is able to hold you hostage. By that I mean that the…
Though they may look good on paper, my experience with hiring “superstars” has been less than satisfying. It’s trite, but it’s what’s in the heart…
One of the most common afflictions I’ve seen in companies that get themselves into trouble, is that they do not understand their cost structure. In…
It is important to keep fixed costs low at the beginning of your venture! It is hard to over-emphasize the importance of this one. Almost…
This is a Guest Post from Rosey Dow. Scientists call the fight-or-flight portion of our brains the “old brain” or the “lizard brain” because it…
You can make most financial models, especially complex ones, say whatever you want them to say. It’s usually just an issue of tweaking one or…
I’ve always been quite surprised by the percentage of entrepreneurs who think the way they will grow their businesses will be through raising money from…
Cash is king – this was our mantra in teaching the basic business start-up course at my group in Wharton Entrepreneurial Programs. There’s no arguing…
I guess this is basically the inverse of the point about most businesses never making any money. There are businesses that make money hand over…
If you have a bunch of business ideas, but are having a hard time screening them and deciding which one(s) to choose, you are not…