. . . on Home Businesses. FLASH! Only 5% of the home businesses that start each year actually fail (this is over
a 3-year period). That’s a 95% success rate! Oh by the way, there is one born every 11 seconds.
. . . on Strategy. A good question for managers to ask themselves when developing a business strategy: Are our
competitors’ likely assumptions about the future different from ours, and if so, who is more likely to be right? This may
help in choosing a
sound path without having to know all the unknowable.
. . . on Power. Managers have power because subordinates depend on them for rewards. In the same way,
subordinates may have power if they link their managers’ performance to their own.
. . . on Timing. In most Ventures, the ultimate reward is case. That’s why you need to know when and how
to get your money out.
Stay tuned for more …
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