Buffett’s Simple Rule...

Warren Buffett: “A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.”

Beg, borrow and steal...

This past Saturday I was a featured speaker at the Stockholm School of Entrepreneurships’s Start-Up Day. My session was titled – Informal Resource Acquisition. The conclusion was the level of resourcefulness of the entrepreneur and his or her team is a key determinant in entrepreneurial success. Further, the fewer resources (including money) that you have to get from external parties (investors, banks, etc.),...

What Is the Oldest Rule in Business?...

Simply this, Make a Profit, and more specifically a cash profit. It sounds obvious today; however, during uncertain economic cycles the old rules are push aside for new rules. But of course, when the time is right the old rules return to with a vengeance. However, the old rules are always good enough of the successful companies. Opportunistic organizations exist (only) to make profit (value) for the owners. This is the...

What is Winning Ugly?...

Most companies (and people) want to win looking good. Huh? For example, let’s assume that all the numbers work out and there is a tremendous business opportunity in the market – in the garbage disposal market. How many companies or people would jump at that opportunity or one equally as good in the septic tank installation, cleaning and maintenance business? The fact is that most business and people would...