by Jim Schleckser | Jan 31, 2023 | Business, Decision Making, Entrepreneur, Growth, Raising Capital, Strategy
In his excellent book Antifragile, Nassim Nicholas Taleb, who helped popularize the concept of Black Swan events, describes three kinds of systems: Fragile systems are those that can be destroyed by any negative change. Robust systems deal with good and bad changes...
by Jim Schleckser | Jan 3, 2023 | Budget, Business, Entrepreneur
If your business isn’t performing how you want it, maybe in terms of its profitability, it might be time to examine your cost basis. I’ve written before about the power of price increases and negotiating with suppliers, but you might be at the point where...
by Jim Schleckser | Dec 20, 2022 | Business, Entrepreneur, Negotiation
Are you planning to win your next negotiation? Use these 3 negotiation planning strategies to go beyond your gut and intuition. You would be amazed at how many people go into a negotiation without any pre-planning regarding their strategy. These folks go in hoping...
by Jim Schleckser | Dec 13, 2022 | Business, Decision Making, Negotiation
You can use the power of time pressure in negotiations. Use the take advantage of the “get-’em-while-they’re-hot mentality” to your advantage. Some typical pressures in a negotiation could be to close a deal by the end of the month or quarter....
by Jim Schleckser | Dec 6, 2022 | Acquisitions, Business, Strategy
For a host of reasons, a founder may ask themselves: what is my business worth? This is a common question among founders. Maybe you’re in the middle of doing some estate planning. Or perhaps you’re just curious about what you could get if you sold it. The...
by Jim Schleckser | Sep 6, 2022 | Business, Customers, Entrepreneur, Growth, Recurring Revenue
You Aren’t Necessarily Retaining Customers For Life Some companies have lofty customer retention goals like winning customers for life. But, most companies aim to keep as many of their customers happy for as long as possible while minimizing churn or customer...
