Monthly Archives: June 2010

start less, finish more

Look again at that person who seems to multitask with ease and you will find someone who is absolutely disciplined about recognizing switching costs, about getting to completion, about not starting too many things, about saying “no” to things that … Continue reading

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the rule of 3

I am loving the Rule of 3. It’s a fundamental recognition of the fact that, averaged out for time, it is not possible to plan for and achieve more than 3 meaningful outcomes in a single day. The idea is, … Continue reading

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getting up to speed

Remember setup costs. If it takes one hour to set up a new computer–install all the software, set up the email client, update the antivirus software–how long does it take to set up 5 computers? Should take 5 hours, plus … Continue reading

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what “agile” really means

The 80/20 rule as it applies to task completion: 80% of the work takes 20% of the time. If you have a project that seems, to you, to be “nearly done,” you aren’t actually even halfway finished. That remaining “20%” … Continue reading

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switching costs

You can work on one thing at a time. The more knowledge-intensive the task, the higher the switching costs. Plan to clean your living room. Get out the dustcloth and the vacuum and the polish and the glass cleaner, then … Continue reading

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multitasking is a myth

My thinking is this: we start too much and finish too little. Fact: you can only really work on one thing at a time. Multitasking is a myth. Literally. “But my computer does multitasking,” you say. Elaborate ruse. Your computer … Continue reading

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sci-fi over-description

Just came across this: If all stories were written like science fiction stories It’s not just limited to Sci-Fi. When we talk to people, do we check to see their level of technical comfort before we start explaining either “this … Continue reading

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MBA-A-Day: Final Thoughts

I hope you’ve enjoyed reading MBA-A-Day, and more importantly, I hope you’ve learned something. I would leave you with 3 final thoughts: If you want good results, you absolutely have to do the work. That means making the spreadsheet, writing … Continue reading

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MBA-A-Day: Entrepreneurial Finance, Part 4

Remember that cash is king. Know the difference between cash and revenue. Revenue means that you expect to get paid a certain amount of money at some point for services rendered and goods provided. Revenue is not useful for paying … Continue reading

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MBA-A-Day: Entrepreneurial Finance, Part 3

You have to have an exit. One of the best exit strategies is to get bought by a larger company–or even a competitor. You can even start your business by getting funding from your eventual purchaser. You propose to a … Continue reading

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