03/01/2022
Something to think about this year!
βKnow your numbersβ is a fundamental precept β¦
__Are you sure you can βseeβ the business?
I once took a Finance course where the Prof would give us a set of financial statements in which details on type of business or industry were deliberately removed, and you would be given a few minutes to explain what it was.
I loved it because I never failed once to get the right answer!
The exercise ingrained in me that when it comes to analyzing a business, any business, I must first look at its financials!
Donβt say to me: βSuch and such a company is BIG O!β because if I dare to interrogate your response, I might embarrass you.
__On this platform, my job is to remind you what really matters for entrepreneurs.
Questions: [No prizes]
How many Premier League businesses are listed on the Stock Exchange in the UK?
Who owns Formula One?
Who owns your favorite sports team? Is it a good business? How do you know?
These are businesses, guys!
Itβs a New Year. Time to get back to business.
Let's talk.
Image credit: Photographer unknown, Mozambique. βCourage starts with showing up and letting yourself be seenβ¦β Adapted from Brene Brown