Time Discounting The value of something promised in the future is less than the value of that same thing received today. This is the concept of time discounting. This concept is a corollary of compound interest which Albert Einstein called the 8th wonder of the world. $1,000 earning 5% compounded annually will grow to [...]
In An Uncertain Economy, Agility Is Essential Trade wars...Lower taxes...Privacy concerns endangering the most successful business models...Do you know where the economy is heading? Maintain flexibility, create options, be quick and agile.
5 Lessons from the Trump Campaign Most business people are thinking about the impact of Trump's presidency on their business. We may be able to have a greater impact on our businesses by focusing on lessons from his winning campaign strategy. When an outcome so shocks the common wisdom, there must be factors at play [...]
Embrace Uncertainty Embrace uncertainty. I am a big fan of Excel, having been blown away when I first saw the power of Visicalc on an Apple. Unfortunately the analytical power of Excel sometimes leads us to depend too much on the forecasts we develop with it. We live in a world full of uncertainty, both [...]