Data is exploding—and not metaphorically. According to a late 2024 report by Exploiding Topics, the world was expected to generate 181 zettabytes by the end of that year, up from 120 zettabytes in 20231. That’s 181 trillion gigabytes—most of it unstructured, unanalyzed, and unusable by default. The
Selecting the right revenue model
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
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
5 quotes that truly inspire… thank you Dr. King
"Our lives begin to end the day we become silent about things that matter.” “The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.” "Almost always, the creative dedicated minority has made the
Seven Business Books Worthy of Your Attention
If you're in the Northern Hemisphere don’t look now, but summer’s winding down. Grab time to go outside with your mobile device to catch up on both those rays and that summer to-do hit list. I know for me that includes mapping the learning blueprint for the Entrepreneurship course I'm slated
7 Elements of a Business Plan
"Entrepreneurship is the management discipline that deals with situations of high uncertainty." - Eric Ries http://youtu.be/tqfL_ESHCrY?hd=1 Here's a short video (9 minutes) of the introduction for the financial management component of the mini-MBA course I was fortunate enough to teach last
Letting Go
In my prior post series on business models I talked about getting liberated. Breaking connections to make room for your new ideas. One of the most difficult traditional views for businesses is the thought that a product or service needs to be perfected before released upon the masses. Yes, a
Business Reinvention – the Intro
Greg Satell does a great job in his recent post 'The New Media Value Chain' pinning exactly where the media industry currently stands. Both Greg and I live at the nexus of media, entertainment, & technology and have personally witness the ground shift under our feet. While Greg comes from a
Are You a Courageous Business Leader?
Boxer Muhammad Ali and Howard Cosell on ABC’s “Wide World of Sports”… (ABC PHOTO ARCHEIVES) Spanning the globe to bring you the constant variety of sports. The thrill of victory and the agony of defeat. The human drama… It’s been over 30 years since I first heard that phrase on ABC’s “Wide World