September 2017
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Throwing Good Money After Bad

When do you pull the plug? Part 2

 

Knowing when to walk away is important, and often I walk away long after it is wise to go. It took the abrupt realization that my startup had run out of money to realize that the time had come. We needed to put more money in to keep it [...]

If Your Startup Needs Money, Don’t Be Bashful About Asking for It

Focus matters. So does practice.

Startups are risky business. Most of them go bust, either with a bang or a whimper. They tend to require huge amounts of work, a skilled team – and money.

Finding the money is often the hardest part. Founders are usually excited about their idea, but finding the money necessary to fund the [...]

“You’re Not Getting a New Bike”

Answers to questions you haven’t asked can speak volumes
 
I live in the middle of Copenhagen, where the best way to get from A to B is on a bike. A few years ago, I bought a new bicycle. A month later I was outside the shop asking the owner why the rear brake had gouged the frame.
 
“I don’t know”, [...]

Of Course You Can Trust Me

Probability vs. Vulnerability or “What if I trust you, but shouldn’t have?

Danish Amagerbanken went bust on Sunday, which is a drag. Their shareholders feel betrayed, as do their customers, and given that the regulators said it was stable, so should the rest of us. After all, if you can’t trust a Scandinavian bank regulator, who can [...]

Back Up? What Back Up?

It can be hard to face up to the obviously stupid things we do

The story goes that Saint Patrick was partway through baptizing an Irish king, when he looked down and noticed he had put the metal tip of his bishop’s staff through the poor fellow’s foot. When he apologized, the king replied that he had [...]

What Do You Need to Know?

Tool: How the military makes sure everyone knows what the boss wants to know

Soldiers love their acronyms and the more convoluted, the better. ”Commanders Critical Information Requirements”, or CCIR, is a mouthful, but still decipherable as “What the Boss wants to know”. It’s one of those military ideas worth copying.

Everyone serving in the first Gulf War knew that Norman [...]

Hvilket billede tegner dine risici?

Uddrag fra 3. opdatering 2010 af Børsens Ledelseshåndbog Krise- og risikostyring

Hvordan dine risici udvikler sig er vigtigt – og ofte overset

Det er som bekendt svært at spå om fremtiden, men vi er nødt til at gætte. Forudsigelse har altid været en svær kunst, og det er ofte vanskeligt at anvende resultatet. Som målmand er det én [...]

Turn the Map Around

Tool: Like “measure twice, cut once”, good advice can be deceptively simple.

A long time ago, in a galaxy far far away, I was an army officer. Films emphasize action, but most soldiering is “hurry up and wait” and, for officers, endless planning. Armies like organization and our planning was very structured. One of my tasks was to [...]

Let’s say the Euro does crack up… what’s in it for me?

What would a potential or even worst case scenario look like for the PIIGS?

There is no shortage of people willing to speculate on whether or not the Euro will survive or the fates of various indebted member countries, but surprisingly little talk of what a break up or default would look like. Adjectives like “bad” and [...]

Raspberries Happen

How much do you enjoy the finger-pointing and recriminations?

I’ve been busy and I’m probably not the only one. It’s the time of year where a lot of us are busy. Things pile up and blogs get neglected. The unexpected happens and it sometimes takes odd forms – like raspberries.

Raspberries are perfectly pleasant. My stepmother makes an outstanding [...]