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Technology Growth – Batteries

I find it utterly fascinating that different things technologically evolve faster than other things, even if they are two components of the same item. For example, cell phone technology has improved to a great extent, much faster than the battery technology. Today...

In Business, Think Cheap

When I started my first full-time business way back in 1996, I borrowed several thousand dollars from various sources. The bank, family members, and friends. It was a huge mistake. Going into debt is bad enough. What made it worse was the fact that about 80% of the...

Your Disaster Report

An effective method of preparing for future problems and alleviating your own stress is to prepare your own business disaster report. On a new document, answer this question: What is the absolute worst thing that could happen if we do this? Think about it and write...

Miniaturization

We all know about the concept of miniaturization; the process by which technology gets smaller (and faster) with every passing year. There would be no point in talking about how computers use to be the size of a building and now fit in your pocket. Instead, I’m...

Unreasonable Customers

Thankfully, unreasonable or toxic customers are rare in my experience. But since I’ve been in business 25 years, worked with hundreds of companies and thousands of people, running into some of these people is inevitable. Here are a few examples of unreasonable...

Why Most Small Businesses Fail

Everyone knows that most small businesses fail over time. There are a wide array of statistics on this, much of which conflict with each other. A standard trope is that eight or nine businesses out of ten fail eventually. More detailed analysis shows that only 50% of...