Pay Day

One Counterintuitive Strategy Led to This $380 Million Payday

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When David Perry started his video game company, he filled a dartboard in his office with the names of companies he thought would want to buy his company, Gaikai, one day. Why would a startup business with no revenue or employees be thinking…
One Personality Trait

One Personality Trait Most Successful Entrepreneurs Share

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Survey a group of founders about the personality traits that made them successful, and they will be quick to use words like determination, sacrifice, and hard work. Others will show more humility and chalk their success up to personality traits…
Paternity

Run Your Business Like You’re Going on Maternity (or Paternity) Leave

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How well does your company run when you don’t show up for work? The answer to this question has a significant impact on the value of your business. Suppose your company could survive your absence for a while. In that case, you will score…
One-Stop Shop

The Downside of Being a “One-Stop-Shop”

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Before Jeff Bezos & Co. blew up traditional distribution channels, there was some value in being the local guy or gal. Being the local product retailer was a good business and being a regional distributor of a popular line could make you…
Strength Becomes Your Weakness

How Your Greatest Strength Becomes Your Weakness

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What’s your greatest strength as a CEO? Sales? Marketing? Operations? Whatever you do well, know that it might become your Achilles’ heel. As owners, we tend to invest in areas where we know we’re weak. We know we have limited…
stretagy

5 “Strategic” Ways to Sell Your Company

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Did you know that Facebook acquired Internet messaging service WhatsApp for $19 billion? It represents the largest-ever acquisition of an Internet company in history. WhatsApp is a pearl for sure. The messaging service allows users to avoid…
Mastermind Training Group

7 Reasons to Join a Mastermind Training Group

Mastermind groups are relatively new to most people, even though Napoleon Hill created the concept around 75 years ago with his book, Think and Grow Rich. A mastermind group is designed to help you navigate through challenges using the collective…
Anger

How to Avoid the Switzerland Valuation Discount

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The Swiss are known to value their independence. They don’t use the Euro currency despite being sandwiched between France and Germany, and they never officially picked sides in the World Wars for fear of tying their wagon too closely to one…
Sands of Time

Stop Selling Your Time

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If your goal is to build a more valuable company, stop selling your time.  Billing by the hour or day means customers are renting your time rather than buying a result, which means that your business model lacks leverage. To grow, you…