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If you are scaling your business, there's a lot you can do with automation and technology these days. The world is at your fingertips and you can build systems, processes and platforms for growth. The exciting part of entrepreneurship and business growth is the learning, growing and work
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I get it. You need to pay the bills. You may know some things because you got a degree in a subject, had your first job pushing the envelope on technical work you dread, or a host of other reasons for being where you are at. And if you have
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From a business perspective, I like that big, fat, juicy cash cow like any other businessperson capitalizing on a market. That can happen when there's a level of asymmetry between buyers and sellers. That imbalance can come from a lack of competition, a gap in knowledge or lowered
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The hard part of dealing with reality is the constant trade-offs we have to make. Yes, we want it all, but too often that is not the choice before us. Choosing one thing means giving up something else, whether that is opportunity, time or attention. When we are faced with
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I do often like to tell those people that are different than the mass majority, those restless souls who have the entrepreneurial bug, "Do something that scares you." It's the antidote to their continual desire to achieve more and increase. Most people don't like
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Business will have its ups and downs and there's a large temptation to take it easy when things are going well and panic when things are down. It's not prudent when reality tells us that things will always change. Heck, look at any company's
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It's hard, if not impossible, to do a great deal with someone who lacks vision. It's a tragedy that opportunities are missed because there's a lack of vision. There are so many possibilities that can happen with those you engage with daily. But it
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I've been talking to my friends about the coming recession. In 2007, we had birth pains. Again, we find ourselves with overpriced commodities and weird monetary policy that has produced a zero-interest rate environment. It has only encouraged speculation and overextension in stocks. The price of money is
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Sunk-cost bias is a real liability when you are trying to drive revenue or increase profits within a new set of rules. Doing things the way they have always been done because it produces a predictable result makes sense when your market and industry are static. But you can get
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Do massive armies matter today compared to more targeted technology? Are big companies like GE or GM getting bigger or smaller? Why? Automation has made things easier. We needed the headcount because it took a lot of heads and hands to move information inefficiently from one workstation/desk to another.
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The year is closing and I hope it has been a prosperous and fulfilling one for you. I have been catching up on a lot of reading. And one of the topics I have been thinking a lot about is all the forces that work against us in this life.
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It's astounding to live in an age where a business model built on $1 per year per subscriber could net a $19 billion price tag. That's what WhatsApp won in the acquisition lottery when Facebook acquired them last year. $1 per year to use a service?