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donald mcmichael

donald mcmichael

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Business Management

Wait before you go: Crafting a compelling business model narrative

September 17, 2014

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

Selecting the right revenue model

September 10, 2014

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

September 8, 2014

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

January 20, 2014

"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

August 13, 2012

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

July 9, 2012

"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

July 2, 2012

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

April 25, 2012

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?

April 22, 2012

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

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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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