Today’s guest article is on the concept of “margin of safety” as it applies to your business. I’m not talking about profit margin, but “safety” margin– a concept that is used everyday amongst airplane pilots. It’s a thought provoking piece written by friend and colleague Dave Dickson a pilot and former CEO of a [...]
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Yesterday one of my predictions from earlier this year came true – Blockbuster Videos declared bankruptcy. I guess a billion dollars in debt and giving customers what they USED to want, but no longer want today, will do that to you. I doubt bankruptcy restructuring will matter much. Blockbuster’s problem is they are becoming obsolete – fast. Many [...]
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