Maltz on Risk

We must have the courage to bet on our ideas, to take the calculated risk, and to act.  Everyday living requires courage if life is to be effective and bring happiness. — Maxwell Maltz

Buffers

Greetings today from Las Vegas, where I didn’t expect to be.  Las Vegas was supposed to be an overnight stop during my road trip from Denver to San Francisco, but that was before I found out that I had a broken windshield and that my insurance company had no idea I was driving my current …

Have Fun Make Money — Great Harvest Bread Company

“Welcome to Great Harvest Bread Company! Would you like to try a free sample?” If you’ve been to one of their franchises, you’ve heard the welcome. When my cousin Rich was younger, he’d go into the Chapel Hill NC store and ask for a big slice of bread, which he’d top with about two tablespoons …

Quadrants, Round 1: Do You Want It? Do You Have It?

Business thinker must have a million 2×2 grids for classifying things. While chatting with my B-school advisor some years ago, I theorized that most business thinking has to get reduced to a 2×2 grid, because people can’t get their minds around anything bigger than what they can draw on a 2-dimensional piece of paper with …

How much data? How much analysis?

Gather enough data and do enough analysis to make a good decision. Then decide. Then act. There are many famed quotes on the theme of “how much is enough”: Lore has it that someone once asked Abraham Lincoln, “How long should a man’s legs be?” and that he answered “Long enough to reach the ground.” …