Berkonomics

FEBRUARY 24, 2012

Email readers, continue here.] There are so many resources for early money to validate an idea, turn it into a product and increase the value of the company before professional investors come into the picture. Giving control over that vision to others early on often dilutes the vision and is a disincentive to the entrepreneur.

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Berkonomics

OCTOBER 26, 2023

Time bankruptcy results from the deliberate over-commitment of core resources. Moving toward time bankruptcy… [Email readers, continue here…] Burning through the payment and needing more to cover fixed overhead, you do the same partial task for the next 80% customer, moving on to the third. Why use this term?

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Berkonomics

SEPTEMBER 28, 2023

Be ready to over-allocate resources to a launch. The best advice I can give is to allocate all your resources to supporting the roll-out of a new product, at least for a short period. What if my resources are limited? Respond immediately to every question and complaint.

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Berkonomics

JANUARY 19, 2023

So, let’s bend the meaning to help us focus on resources while preserving those words. and apply it to our management of corporate resources. Here is a way to think about resource management as we make critical decisions that obligate our personal and corporate assets for growth. Take, for instance , time.

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Berkonomics

JANUARY 25, 2024

Email readers, continue here…] One great source for coaches is among fellow members of a CEO roundtable organization, Young Presidents Organization or similar association where you are comfortable with the coach candidate and know something about his or her style. Where can you find the best coaches?

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Berkonomics

AUGUST 27, 2011

Each decision you make to commit resources affects the future value of the business to some degree. Minor decisions, such as replacing employees who have left the company or equipment needing updating, are usually considered operational in nature, and unless the business is changing direction, not relevant to this analysis.

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Berkonomics

JUNE 29, 2023

Email readers, continue here…] By the way, there was no goal understood by all or agreed to by anyone. Assess your current resources and attempt to calculate the resources needed to accomplish the goal. So, if you have not, create a concise map for your enterprise.

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Berkonomics

FEBRUARY 8, 2024

After friends and family… Once a company founder has tapped the funds available from his or her resources and from friends and family, if the company needs more cash for growth, the most obvious next step is to look for money from angel investors and venture capitalists, typically in the $300,000 TO $3,000,000 range. A seat on your board?

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Sales Resource Email Pricing 156

Berkonomics

AUGUST 11, 2022

Think like a startup, with little resources, a limited window of time, and few dollars to spend on expensive experts. This insight comes from a fellow CEO who explains that he leverages his financial resources for growth by dividing his hiring decision into these two boxes. Divide the hiring decision into two boxes.

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Resource Outsource Examples Email 156

Berkonomics

APRIL 21, 2022

What resources do you already own? Owned media comes from the databases you own, such as your company’s web site, email newsletters, profiles in social media, or apps you have created requiring registration or download. And here’s the most powerful new media model. Others make impressing livings from these opportunities.

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Advertising Media Social Media Newsletter 156

Berkonomics

JUNE 16, 2022

Email readers, continue here…] More importantly, what if you as a leader haven’t a stated goal for your enterprise? Yes, if you are a bad leader of people, you will lose human resources and frustrate your attempt to reach to goal. Have you stated a goal for others to follow? That requires real thought and strategies.

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Resource Satisfaction Metrics Course 156

Berkonomics

AUGUST 24, 2023

Finding your champion investor… [Email readers, continue here…] Attracting a VC investment means finding a partner in a VC firm who is willing to champion your opportunity before their partnership and then represent that firm with a seat on the board once the investment is made.

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Berkonomics

OCTOBER 19, 2023

Email readers, continue here…] It took two long years for the company to fully recover its lost reputation after the actual problem was fixed to the satisfaction of all. If the problems had been in product stability and customer service together at the same moment, there might not have been enough time and resources to recover.

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Berkonomics

MARCH 3, 2022

If you as a supplier have plenty of spare resources available, you might temporarily get away with adding “fast” to both other two attributes of good and cheap. I think it more appropriate for most of us to concentrate upon “good” (quality) or “cheap” (price) and add “fast” as needed to close the sale or fill the resource cup.

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Resource Sales Pricing Startup 156

Berkonomics

OCTOBER 27, 2022

He stated, “Too often it seemed our internal staff was more focused on getting the ‘work’ (daily tasks) done and not enough on the ‘job’ (supporting subordinates with resources and encouragement.)”. Email readers, continue here…] Even the most menial of jobs fit into the grand scheme of customer support. Had I been guilty?

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Berkonomics

DECEMBER 8, 2022

She claims that, by reducing the number of issues to three, her team is better able to devote mental and physical resources to a solution than if she allowed her meetings to address a laundry list of issues faced by each of its members. This works for live meetings or those using video team meetings. It’s all about focus.

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Cloud Computing Resource Report Course 156

Berkonomics

MARCH 18, 2021

And entering the fight without the proper resources usually assures defeat. Resources such as money, experience, statistics about your target, experienced marketing and sales talent, and especially a compelling need and attractive product are all important to the ultimate success of an enterprise. first appeared on BERKONOMICS.

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Berkonomics

JULY 13, 2023

Example tactics for one strategy: [Email readers, continue here…] Strategy Three: Expand into at least three new continents through new distribution channels. Tactics direct each department in very specific ways. Here are several examples of tactics from my recent experience with companies where I serve as board member.

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Berkonomics

JUNE 17, 2021

Every organization has limited resources, especially money and time. So, a leader who can focus upon the core needs of the organization, eliminating all the surrounding noise, is one who uses the limited resources available to best effect. The first quality in a great leader is to have laser focus. . Second is consistency. .

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Resource Organization Education Course 156

Berkonomics

FEBRUARY 3, 2010

So how does the statement above fit into this sandwich of alternatives? Trusted, close resources include sophisticated relatives, friends and business associates who know how to structure a deal as a win-win for you and for them, while allowing you to retain control over your vision and execution.

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Berkonomics

SEPTEMBER 7, 2023

Few early-stage companies have the resources to do both. Even with a perfect product, is the market ready for this? Will you have to be both the evangelist for the product and for its marketplace as well?

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Product Marketing Resource Email 156

Berkonomics

AUGUST 17, 2023

Trusted, close resources include sophisticated relatives, friends and business associates who know how to structure a deal as a win-win for you and for them, while allowing you to retain control over your vision and execution. So how does this fit into this sandwich of alternatives? Trust works both ways.

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Berkonomics

NOVEMBER 24, 2022

What if you had abandoned that market, reallocated your resources, and focused instead upon other non–competitive geographical or industry segments? There’s an example of avoiding the encounter and losing the lead position when an opportunity to compete surfaces unexpectedly. How could you compete with the gorilla?

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Berkonomics

AUGUST 10, 2023

Many companies find themselves at the five-year point completely unprepared for a sale and without the cash resources to carry out such a repurchase of investor stock, making the clause moot. The newest investor has the power.

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Berkonomics

JULY 6, 2023

It is a medium range process involving senior management and departmental management as well, directing resources in ways that, as accomplished, lead the company toward the goal. Email readers, continue here…] Here are some example strategies from some of my companies over the recent years.

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Berkonomics

JULY 12, 2018

Senior management is usually prepared with an answer, and a good discussion of resource availability and application follows. Once the bottleneck is identified, the solution often comes quickly, requiring little if any board action as management focuses resources on the bottleneck to remove the latest impediment to efficiency.

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Berkonomics

AUGUST 6, 2020

Email readers, continue here…] . Focus your decisions and resources to build value. Step by step as you make decisions to allocate your scarce human and financial resources, you should remember where the ultimate value should be at the end game.

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Resource Startup Sales Equity 156

Berkonomics

NOVEMBER 4, 2021

Email readers, continue here…]. Make sure you provide the resources necessary to hit the plan, including money, new hire authorizations, and above all, clear instruction and delegation form the top. And yet, Kaplan is close to right, whether it’s 10% or 30%, it is a minority of strategies that are effectively executed.

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Berkonomics

MAY 20, 2021

Enterprise time, as opposed to personal time management, is the sum total of resources available to a company expressed in terms of time – time to develop, to debug, to produce, to deploy, to respond to issues, and to make changes in plans that are not working. But first, identify what those critical resources are in your company.

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Berkonomics

NOVEMBER 17, 2022

Email readers, continue here…] But what if you could develop changes in your business processes so that information, even big data, would be available and analyzed for exceptions almost instantly? How much money, time and resources would we save? and plan to make a new goal.

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Report Resource Email Sales 156

Berkonomics

MARCH 16, 2023

Teaching about the five types of resources In my book, “Extending the Runway” (Second Edition, Berkus Press 2014), I explore the thesis that there are five basic types of resources an entrepreneur must exploit in growing a successful business: time, money, process, relationships and context. Speed of change is inevitable.

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Coach Artificial Inteligence Entrepreneur Resource 156

Berkonomics

SEPTEMBER 16, 2021

Don’t draw your visionary resources into the incremental fight. Email readers, continue here…] Or finally, you may want to start a project using the next generation of tools to produce an entirely new product – but your development resources are all tied up with projects to enhance existing products.

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Company Companies Resource Cloud Computing 156

Berkonomics

AUGUST 31, 2017

Time bankruptcy results from the deliberate over-commitment of core resources. Email readers, continue here…] Burning through the payment and needing more to cover fixed overhead, you do the same partial task for the next 80% customer, moving on to the third. You’d know the symptoms, if not the name.

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Berkonomics

JANUARY 18, 2024

Email readers, continue here…] The exciting sounds of an office filled to capacity functioning in a growth environment are exhilarating to most that have experienced it. Next week: It is time to examine the CEO’s relationships with con-temporaries, coaches, good board members and great resources in the community and industry.

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Berkonomics

OCTOBER 12, 2023

Email readers, continue here…] Perhaps better examples to point to are easy to find in the toy industry, where recalls because of small parts that could be swallowed by infants or lead-based paint or flammable components make the news on a regular basis. The post They say “haste makes waste” but… first appeared on BERKONOMICS.

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Software Review Examples Competition News 156

Berkonomics

OCTOBER 5, 2023

Time and fixed overhead: [Email readers, continue here…] That relationship between fixed overhead and production time is as critical as any other factor in the success of a young company. The financial pain of unplanned delays.

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Berkonomics

JANUARY 5, 2017

So, let’s bend the meaning to help us focus on resources while preserving those words. Here is a way to think about resource management as we make critical decisions that obligate our personal and corporate assets for growth. We can always tell when that critical resource has been over committed. Take, for instance, time.

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