We often resist accepting our situation, making it worse. Is there a parallel in business? Yes, it is called the sunk cost fallacy. It is very common for businesses to throw good money after bad. That is what many individuals do in their lives. To them, it is simply hard to cut losses and move on. … [Read more...]
Get Paid More for Being Less Involved in Business
Can you grow the value of your business by being less involved in it? Under some conditions, you can. You read that right. This of course is a very controversial stance. Even those in favor of it will agree it is highly counter-intuitive. According to conventional wisdom, small businesses run better … [Read more...]
How Accomplished Product Managers Lead in Uncertain Times
Despite shrinkage in real economy and unemployment in double digits, S&P 500 is inching past pre-pandemic levels and NASDAQ composite is at an all-time high. With changing patterns of work, consumption, and entertainment, tech companies stand at the intersection of exciting opportunities and an … [Read more...]
A Success Story to Learn from
In a family, when someone’s flaw causes things to start falling apart, what saves everyone from a downfall? This is a story of two heroes—Linda Tillman and her son Jeremy Tillman—who witnessed their family descend into poverty and recovered valiantly from the brink of disaster. This story shows how … [Read more...]
How to Talk to a CEO
Talking to a CEO boils down to this: Think and feel C-level before you talk to C-level. If you are nervous about selling an idea to a CEO, take three minutes to read these three tips that will help you put yourself in the right frame of mind. These tips work whether you are talking to the CEO of … [Read more...]
Go Do Something: The Flying Car Story (2 of 2)
How do some people find a way even when they have their back to the wall? How can they figure out what to do despite being in a hopeless situation? How do new paths emerge just when options seem to have run out? Today, we continue the story of my friend, Sanjay Dhall, from the previously … [Read more...]
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