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Eat Your Vegetables

“Risk management is too negative. We’re focused on growing our business.”  – a startup CEO

A certain Captain Smith once entertained the same certainty about large pieces of ice at sea and ignored the potential effect. He was focused on getting to New York, but that focus didn’t help him much when he ran into trouble.

Preparation is [...]

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 [...]

When Do You Pull The Plug?

Knowing when to say when takes a little preparation

Someone asked me an excellent question the other day, “When do you know to give up?” It was a superb question and she touched on a key dilemma. We’re always taught to do our best, she said, and work until we achieve our goals, but sometimes success isn’t [...]

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 [...]

The Yoko Ono Factor

Tool: Dealing with the fact that nothing lasts forever

Two weeks ago, I spoke with a start up team that had just lost a team member and was in the dumps. Starting a business is tough and having someone leave was hard on those that stayed. They are not the first firm to experience it and they [...]

Startups, Business Plans, And All That Risk

Sabeer Bhatia, cofounder Hotmail, on business plans for startups – and risk management.

“It doesn’t have to be a cookie-cutter business plan with glossy pages and lots of information. Essentially it’s a plan that says what the company is going to do, what problem it is going to solve, how big the market is, what the sources [...]

Don’t Reinforce Failure

Throwing good money after bad may not be smart, but it sure is popular.

Everyone has a plan for where they want to go, but few think through what to do if they don’t get there. There is a difference between being tenacious and being stubborn – and it can be easier to identify than many think. [...]