For at least the last 189 years, we’ve known that overburdening people, equipment and systems leads to mistakes, wasted effort and sometimes, tragedy.Read More
Everyone, it seems, is looking for ‘passive income’ - money you don’t have to work hard for, that simply flows from the ownership of an asset.Read More
Investors and business angels have a clear exit strategy - grow fast for 3-5 years, sell up and crystallise the gains. Happily, this strategy often coincides with that of the entrepreneur, who wants to get this business idea going, and then move on to the next.
Most small business owners don’t have an exit strategy, or certainly don’t start with one.Read More
It’s hard to imagine a more old-fashioned buiness than shipping food around the world under sail, yet that’s exactly what’s beginning to flourish right now, thanks to 21st century technology.Read More
In his E-myth books, Michael Gerber identifies three key roles in a business: the entrepreneur, who drives the vision for the business; the technician, who does the work, and the manager who acts as a bridge between them, planning and organising the work of technicians to achieve the entrepreneur’s vision.
If the vision is shared by everyone, do you then need managers?Read More
“Give me a lever long enough and a place to stand, and I will move the Earth”.
We tend to focus on the lever, but the ‘place to stand’ is just as important.Read More
Not everyone wants what you could do for them.Read More
When you add a manager to a business, you add overhead. So the first effect of hiring someone to replace yourself as manager or supervisor - so you can work on your business instead of in it - is to take a real hit in profitability.Read More
Your business eats you up. It takes all your energy and focus, you worry about it even when you’re not there, so you…Read More
Last week I attended a workshop on co-operatives. I learned two things that surprised me.Read More
“When you make a company, you make a utopia. Its where you design your perfect world.” Derek Sivers.
As Derek Sivers pointed out – building a business is a creative act, and like imagining a building, or hearing a symphony in your head, or visualising a ballet, you can make it behave however you want it to.
You make the rules.Read More
The power of DNA is that it allows for more than simply copying.Read More
As Ray Kroc understood, replicating the look is not enough to make your new outlet convincing, no matter how faithfully you do it.Read More
In a complex evolving system, the impulse to change often comes from outside. Something is felt at the edges and creates a kind of tension that can only be relieved by making some sort of adjustment.Read More
A complex evolving system, such as a planet, an ecosystem or a business, learns through feedback.
That means at least 4 things:Read More
If you have a checklist with items that can be ‘not applicable’, you haven’t got a checklist…Read More
Quilts have often been made collaboratively, especially in America, where the idea of making a quilt in components (called blocks) really took off. This method meant a quilt top could be assembled very quickly, since the production of blocks was effectively parallelised.Read More
Today somebody asked me to elaborate on what I mean by this:
'scaling successfully is about creating an ecosystem where others can lead'
Here goes.Read More
When you run your own business, the way things get done is driven by what you expect of yourself. Or rather, what you think a customer should be able to expect if they do business with you.Read More