“The way to wealth is as plain as the way to market. It depends chiefly on two words, industry and frugality: that is, waste neither time nor money, but make the best use of both. Without industry and frugality nothing will do, and with them everything.”
― Benjamin Franklin
This habit is usually an easy one for a small businessperson to adopt, as soon as the realization sets in that everything related to the business and its expenses is done with your money.… Read more >
Most business owners with whom I talk seem to be obsessed with revenue and revenue growth. In fact, that is usually the lead when we discuss the health or salability of the business. However, what most potential buyers want to know, is how much cash will the company generate for them in the future years after the purchase.… Read more >
Business theory can sometimes seem cut and dried. However, all two often human emotions and human reactions can have a major impact. This was highlighted in a recent article in the HBS Working Knowledge business blog.
At first glance, a neuroscientist and a business school might seem an odd fit. But in fact economists have been paying increasing attention to how the brain works.… Read more >
You’ve all heard the maxim of “Ready, Fire, Aim.” There’s a financial analog, according to Investopedia. “Invest, then Investigate” is an investment strategy where investors purchase a stock first and do research and due diligence second. Invest, then investigate – or investing first and researching next – is a risky and speculative approach to making investment decisions.… Read more >
This year, I’ve embarked on a weight loss program and (at this writing) have lost more than 30 pounds toward my 50 pound goal. I’ve been using Weight Watchers successfully. However, I’m always interested in “what works?” I found a recent article in the HBS Working Knowledge blog that discusses Business scholars, particularly behavioral economists, studying what motivates people to buy, save, donate, and any other number of actions that build society.… Read more >
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