(530) 467-5690 Chris@TeachU.com
Uncertainty

Uncertainty

Daily I see overconfidence in business. I see too much faith placed in forecasts. I see big bets placed on anticipated market growth. I see investment in businesses that are near bankruptcy. I see these things because people tend toward certainty. They start with a belief and then look for all evidence supporting that belief while ignoring anything that contradicts that belief.

Got Conflict?

Got Conflict?

I tell all new partnership clients that there are 2 things that have a strong possibility of killing their business: Partnership problems Taxes Few business partnerships succeed. Tension arises when the business isn’t doing well and when the business thrives....

A Plan Is Not This…

I work with too many people who think they can make a plan in an hour by just “deciding things”. That’s not a plan. That is a recipe for problems. Hasty decisions lead to problems and waste.

This Is the Biggest Mistake Made in Forecasting

I can put today’s tip in a few words. Having reviewed many business plans, there is on common error that leads to disaster if not addressed. It starts with overly optimistic forecasting. That leads to bad budgeting which quickly ends in negative cash flow. Why...