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Take this test to predict your success:

Berkonomics

Email readers, continue here…] Have you created high barriers to entry? Some great ideas just can’t make money and ultimately die for lack of profit potential. Do you have a world-class management team? Can you translate an idea into a compelling product? Are margins high enough?

Custom 156
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Wow! Are your relationships important!

Berkonomics

Email readers, continue here…] I am chairman of the Technology Division of the ABL Organization, a roundtable organization with multiple CEO roundtables of about twelve members each, meeting monthly. What if?” “How about…” “When should we…” “How could we…” You get the idea. It represents strategic thinking.

Class 194
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Can you guess 10 tests for your success?

Berkonomics

Email readers, continue here…] Have you created high barriers to entry? Some great ideas just can’t make money and ultimately die for lack of profit potential. Do you have a world-class management team? Can you translate an idea into a compelling product? Are margins high enough?

Patents 286
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So, what’s a company board good for, anyway?

Berkonomics

Or the important one: “Is this idea on mission?” Some ideas sound unbelievably creative – and may be that. But sometimes there is a barrier, an impossibly high cost not considered, a social backlash never thought of, or competition already covering the idea that is unknown to the originator. Is this idea sustainable?”

Company 156
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What’s a company board good for, anyway?

Berkonomics

Or the important one: “Is this idea on mission?” Some ideas sound unbelievably creative – and may be that. But sometimes there is a barrier, an impossibly high cost not considered, a social backlash never thought of, or competition already covering the idea that is unknown to the originator. Is this idea sustainable?”

Company 243
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Once again: Is it the jockey or the horse?

Berkonomics

Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? What if you see a great idea but no team to execute? Would you, as an investor, plow money into the plan and help to incubate the idea into a real enterprise? Concentrate on a world class team. This is serious stuff.

article thumbnail

Once again: Is it the jockey or the horse?

Berkonomics

Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? What if you see a great idea but no team to execute? Would you, as an investor, plow money into the plan and help to incubate the idea into a real enterprise? Concentrate on a world class team. This is serious stuff.