by Jim Schleckser | Mar 14, 2023 | Business, Entrepreneur, Leadership
CEO vs Owner There is a journey from being in the business to on the business to owning the business. As a business founder, you’ll find yourself wearing two different hats: the CEO and the owner. It’s easy to make the mistake that the two hats are...
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 17, 2023 | Decision Making, Entrepreneur, Negotiation
What do I mean by anchoring in a negotiation? How can buyers and sellers use anchoring as a potent negotiation technique? Anchoring is a way to set expectations right at the start of a negotiation in ways that make your actual offer more attractive to the other party....
by Jim Schleckser | Jan 10, 2023 | Decision Making, Entrepreneur, Strategy
Sometimes selling your business makes sense. This is one of the most common conversations I have with my fellow CEOs. They want to discuss the timing and risks of selling their companies. A company sale is a life-changing event for most, especially since 90% to 95%...
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...
