Leveraging Forture 500 Business Practices: Managing Risk

Fortune 500 companies use a formal process and mathematical models to manage risk. Depending upon the industry, the appropriateness and validity of their models can be subject to regulatory oversight and require certification by an independent auditing firm. Failure of these models to gauge the probability of risk or the resultant cost associated with recovering […]

Staying the Course: Baby Steps

Many years ago there was a movie, What About Bob? In the film Bill Murray played a character who was getting professional help and was taught to take “Baby Steps” to reach his goal. I was reminded of the film when I was talking with a friend recently who started a home based business last […]

Balance: Wiring Your Brain to Succeed

This month’s Entrepreneur magazine has an article about willpower that caused me to think about how that personal quality and its twin sister: “perseverance”, are required during the start-up phase of a business. Willpower is the ability to set a goal and to say “no”, even when it would be easier and sometimes more reasonable […]

Staying the Course: Don’t Let What You Don’t Know Get in Your Way

More often than not when I develop a plan to reach a goal there are steps in that plan that I have no idea how to do. What I’ve learned over time is to not let that get in the way of developing the plan, but more importantly, not to let it get in the […]

Setting Yourself Up for Success: Funding Your Start-Up

The reason I most often hear when I’m talking to people who haven’t yet started their own business is they don’t believe they can afford it … and often they’re absolutely correct. Starting a business requires having both enough money and time to get it launched and keep it going while it grows. Imagine my […]