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Wait before you go: Crafting a compelling business model narrative

By Donald McMichael

Wait before you go: Crafting a compelling business model narrative

Quite often it’s not what you say but how you say it. In the case of business plan narratives it’s both what you have to say and how you say, according to Paul Hobcraft, group lead at Agility Innovation. “Framing the business model needs a compelling story so that it can be quickly and well […]

Filed Under: Business Management

Behind the scenes: Setting a solid strategy

By Donald McMichael

Behind the scenes: Setting a solid strategy

When it comes to strategy, in particular the development of, people tend to favor what’s shinny. Shinny looks nice but can easily become a disaster, writes Rich Horwath, author of Elevate: The Three Disciplines of Advanced Strategic Thinking. It is also necessary to determine how a proposed strategy aligns both horizontally (across functions) and vertically […]

Filed Under: Links

The digital business battlefields of future lore

By Donald McMichael

The future is coming and managers far and wide have thrown their trust into technology, particularly looking toward the Internet of Things (IoT). However, because the future, unlike times in the past, is so vague the likelihood of a strategic initiative hit the mark is slim to none. Thus, writes Greg Satell, the key is […]

Filed Under: Business Strategy

Selecting the right revenue model

By Donald McMichael

Here is what most people do. They take a look at the 10, or so, revenue models that exist and pick one that they think provides the business the best return. In reality, writes Martin Zwilling, Founder and CEO of Startup Professionals “Your challenge is to set the right price to match value perceived by […]

Filed Under: Business Management

Should you use cash or accrual accounting? …why, both of course

By Donald McMichael

Should you use cash or accrual accounting? …why, both of course

You can and in fact should use both. Just be sure to use accrual accounting for management decision-making and if you are allowed cash accounting for tax purposes, according to Doug and Polly White, small business consultants. “In cash accounting, the company recognizes revenue when it receives payment. Expenses are recognized when payments are made”, […]

Filed Under: Business Management

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Donald McMichael

Insights for entrepreneurial leaders that help them answer two fundamental questions "Where should we play?" and "How do we win?".

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Donald McMichael

Numbers Guy (Finance & Engineering) by training. Business Development and Strategy (revenue models, partnerships, technology) by experience. Creative by heart. More...

RECENT POSTS

  • Wait before you go: Crafting a compelling business model narrative
  • Behind the scenes: Setting a solid strategy
  • The digital business battlefields of future lore
  • Selecting the right revenue model
  • Should you use cash or accrual accounting? …why, both of course
When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps. - Confucius

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