From time to time, I play an interesting exercise with my business and my clients' businesses.
I ask myself, if Bill Gates were running this business, what we he do differently?
I always assume that he runs the business anonymously, isn't able to take advantage of his fame as the richest and most successful entrepreneur in the world, and isn't allowed to use his personal Rolodex.
Given all that, could the business in question perform any better than it is right now?
Invariable [...] Continue Reading…
As many of you know, I've been doing a fair amount of research into the past 12 US recession going back 136 years–looking for what separated the winners from the losers.
One of the big secrets from this research is how winning companies profit from new trends that emerge in a recession.
The companies that grow in a recession RIDE a prevailing trend in their marketplace. The companies that lose are the ones that aren't riding a trend, but being ridden [...] Continue Reading…
I received the following comment from reader David Oliver the other day. He made a really important point that I totally agree with.
"You know what I was thinking one day is how so many people need to develop their capacity to find the good/opportunity in situations. It's really like developing a muscle. It takes practice, work and time.
People who don't do well, always see the bad and the lack of opportunity (regardless of the economy).
People who do well, see [...] Continue Reading…
I received the following comment from reader David Oliver the other day. He made a really important point that I totally agree with.
"You know what I was thinking one day is how so many people need to develop their capacity to find the good/opportunity in situations. It's really like developing a muscle. It takes practice, work and time.
People who don't do well, always see the bad and the lack of opportunity (regardless of the economy).
People who do well, see [...] Continue Reading…
Just saw this video clip from Fox News about how a 10 year old entrepreneur in New York City was shut down by the local authorities.
The young girl, named Clementine, decided that given the recent high temperatures in New York City, she would open a lemonade stand to help potential customers qwench their thirst on a hot day.
(Good for her… she saw a problem, recognized it as an opportunity, and went for it).
For anyone even remotely familiar with NYC, [...] Continue Reading…
