Financial Clarity for Entrepreneurs

Are You Making As Much As You Think?

As the owner and manager of your business you earn income from two sources: the salary you make as an employee of your business and the profit you make as the owner.  Conflating the two leads to inaccurate conclusions about the success of your business. Payroll Is Not Reality The smart business owner manipulates his […]

"Embrace The Suck"

Dictionary of “milspeak” by Col. Austin Bay “Milspeak”–the soldier’s argot that is rich in irony, brutally efficient in conveying the immediacy and dangers of warfare, and can be a shorthand way for separating combat soldiers from fobbits (Derogatory term for soldiers who never leave an FOB -Forward Operating Base) If you’re being influenced by external […]

Innovating And The Smaller Company

In my previous post on Unbundling Business I said that product innovation was probably best left to “two guys in a garage.”  It was a bit of a throw-away line, and I’ve received some off-line feedback to explain myself. A concept that applies to any investment, whether in your business, in the stock market, or […]

Unbundling Business

John Hagel of Edge Perspectives analyzes Dell’s possible spin-off of its manufacturing operations and puts it in the larger context of corporate restructuring through unbundling business types. In brief, most companies today are still an unnatural bundle of three fundamentally different, and often competing, business types: Infrastructure management businesses – high volume, routine processing activities […]

Pick Two – Intro and Delegation

If brevity is the soul of wit, I can think of no better example than Pick Two.  This little tool is as powerful as it is underused, so I’m doing my part correct that oversight. Who Knew Software Geeks Were So Smart Way back in the mists of time, maybe 30 years ago or so, […]