Don’t Let Sunk Costs Be an Anchor on Your Business By Preston Sumner and Brian Rouff Preston: Brian, when you described tearing down and rebuilding your business model, the phrase that came to mind was “creative destruction.” Besides being a powerful concept from John Boyd’s OODA process, creative destruction goes against the grain of the [...]
Is Google Really That Smart? (Or Why Decision-making Based On Averages Is Dangerous) As artificial intelligence (AI) expands to fill every part of our lives, we are getting increasingly comfortable relying on it. For example, we buy a product on Amazon and get a glimpse of other products that Amazon recommends. Many of them are [...]
What Do Tim Tebow, Le’Veon Bell And John Boyd Have In Common? Tim Tebow took the Denver Broncos to the playoffs in 2011. He took over the quarterback job after a 1-3 start under another quarterback and took the team to a win in the first round of the playoffs. Tebow never got another start [...]
Playing Defense or Offense Are you playing defense when you should be playing offense? Our brains are wired to survive. That means we instinctively protect rather than risk. As an entrepreneur, you have chosen to take on risk. That’s great, but in your day to day actions are you sometimes protecting when you should be [...]
When Flipping a Coin is Being More Decisive Jess, the owner of a small business, is upgrading an important piece of equipment used in the company’s manufacturing process. The decision has narrowed down to two pieces of equipment and the company’s CFO has compared the financial impact of the two choices. Both options produce very [...]
3 Methods to Create More Time in Your Day There is a great deal of business advice for CEOs and business owners available on LinkedIn and other sources. Some of it is excellent, but even if you only read the best of the best, implementing those ideas is difficult. There are many time management tools [...]
3 Questions to Ask Before Making Important Decisions as a CEO A CEO operates in a world of continuous change with constant demand for decision making. Since most decisions involve a forecast of the future uncertainty is a given. Being able to make decisions quickly (decisiveness) is a critical CEO skill. As a CEO successfully [...]
