If you are selling something, the general logic for turning a profit is pretty simple: buy at a lower price, then sell at a higher price. This works very well in real estate, retail, and the stock market. But did you know that you can also buy old brands? I like Ellia Kassof the more … Continue reading The next “Fix and Flip” business model: Brand Resurrection
I hear a lot of people say that they could never manage working out of their house—they say they'd never get anything done, too many distractions. For me, the opposite is true. During the day, I have the house to myself, which makes my current "office" the most spacious and luxurious I have ever had. … Continue reading Don’t sacrifice ergonomics, just because you’re working from home
Coffee is important to me. I'll admit I even tend to be somewhat obsessive about it. (For proof, just look at the search results for "coffee" on this blog.) My current rig at home is the Breville BDC600XL YouBrew Drip Coffee Maker and it works pretty darn good, grinding the beans immediately before brewing. On … Continue reading How Alan Adler invented the AeroPress, despite repeated failures and numerous rejections
Nathan Pensky wrote an excellent piece for PandoDaily examining the fallacy that long hours are a requirement for success in the tech startup world mythology. As he illustrates, most tech workers wear the lifestyle of "[l]ong hours, bad food, poor job security" like a badge of honor. The truth is that startup culture is really … Continue reading Consistently working longer hours is a recipe for disaster, not a sensible business plan for a startup
As the old saying goes, "failing to plan is planning to fail." Without even just a business plan, let alone an ongoing process of strategic planning, most businesses don't stand a chance. This is often plainly visible when looking at failed companies. Unfortunately, a lot of professional services firms focus too much on delivering professional … Continue reading Do you have a business plan for your professional service firm in 2014?