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Posts Tagged ‘Strategy’

Paralysis of Analysis

August 13, 2012 Leave a comment

Did you know, many companies are now being held back by the “paralysis of analysis.” Maybe it’s time to jettison some of data analysis and return to conventional thinking and develop a more creative vision for action. A sense of urgency and the ability to make prophetic decisions, not necessary data driven decisions, may end up being the difference between being successful and unsuccessful in a competitive world.

John Silver

ITT Technical Institute

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Business Valuation – in the Shark Tank

March 20, 2012 4 comments

My blog topic for today is a bit on the lighter side.  Ever seen the program on ABC named “Shark Tank”?  While it’s obviously an entertainment show, there are some incredibly interesting strategic and management aspects to the show.

In case you haven’t heard of the Show, here’s the quick synopsis from the Show’s web site:

The Sharks are back to continue their search to invest in the best products and businesses that America has to offer. The critically acclaimed Shark Tank gives budding entrepreneurs the chance to make their dreams come true, and possibly make a business deal that will make them a millionaire. Season Three continues to make TV history, with the Sharks offering over $6.2 million of their own money in investment deals to bankroll a creative array of innovative entrepreneurs.

The “Sharks” consist of people like Marc Cuban, owner and chairman of HDNet and owner of the Dallas Mavericks (among many other companies); Barbara Corcoran, Kevin O’Leary, Lori Greiner, Daymond John, and Robert Herjavec.

As a small business owner, I’m always extremely curious as to other business owner’s ideas, perceptions of value, and their plans to grow – and this show gives each of the entrepreneurs a crash course on what they’ve gotten right, and where they’re completely clueless.

If you’ve got the time and inclination, I would recommend checking it out – Fridays on ABC at 8pm.  Like most things, some episodes are great, while others are annoying – but you’ll definitely come away with new ideas, new motivations, and new strategies.

Scott Capistrano

Status Not Quo

www.statusnotquo.com

Simple five step plan for just about everyone and everything

I love strategies for business and life that are incredibly simple – those are the ones that withstand the test of time.  I recently read this from Seth Godin’s blog (here):

1. Go, make something happen.

2. Do work you’re proud of.

3. Treat people with respect.

4. Make big promises and keep them.

5. Ship it out the door.

When in doubt, see #1.

Seriously – there are some incredible basic concepts here, but they are all nuggets of wisdom.  I challenge everyone for the next week, to stop for 60 seconds in the beginning of your day, and plan your day taking these into account.  Hopefully it will be as inspirational to you as it was for me.

Scott Capistrano, MBA, CPA 

President

Status Not Quo

Not Your Ordinary Consulting Firm

Ph 888.767.0767
Fx 661.367.5311
http://www.statusnotquo.com/ | blog.statusnotquo.com