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73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. Here’s how I learned my lesson: I started my life as a consultant. I had to read each report, synthesis it and then come up with our best estimate of the markets going forward. I say it deadpanned. It’s irony.

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Entrepreneurship: Nature vs. Nurture? A Religious Debate

Both Sides of the Table

I grew up believing that human behavior was 20% nature, 80% nurture. of all data is made up. OK, not literally made up. So going into a startup scenario you bring these innate skills or you don’t. You don’t need to be great at all of these attributes to be part of a successful startup team.

Startup 289
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4 Simple Steps Will Get Startup Financial Projections

Startup Professionals Musings

Thus, financial projections for up to five years are a necessary element in every business plan. Per the words of an old country song, “if you don’t know where you’re going, you will probably end up somewhere else.” If you are losing money on every unit, it’s hard to make it up in volume. Forecast sales-volume expectations.

Startup 147
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Recruit Cal Ripken, Not Reggie Jackson, To Your Startup

InfoChachkie

Managerial Oversight And Performance Matter At A Startup. If they do not adequately improve over time, consider counseling them out of your startup. Prima Donna Benchwarmers – These individuals represent the worst type of startup employee. Cal Ripken, Jr. was also a baseball star.

Startup 182
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Please go see “Waiting for Superman.” Here’s Why:

Both Sides of the Table

It’s an important film and the most important topic of our generation if we as a country want to remain competitive in a world that has globalized. And his stated goal at his young age is to get an education so his kids can grow up in a better neighborhood. I grew up in public schools and so did my wife.

Class 340
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Interview: Clark Benson of Founder & CEO of Ranker.com - Dicusses Playing Nice With Google

InfoChachkie

Semantic technology is important… we can aggregate individual lists into the wisdom of crowd aggregations which are more statistically meaningful than one person’s opinion about a topic.”. Do you see crowd-ranked lists as ultimately competitive or complimentary to traditional and curated search?

Google 264
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6 Initiatives To Prep Your Startup For The Road Ahead

Startup Professionals Musings

Change is about the only thing constant in the world of startups. The solution is to establish and maintain a culture and processes that don’t view change as a discrete event to be spotted and managed, but as an ongoing opportunity to improve competitiveness. Increase change agility. Expedite change reaction.

Startup 116