Posts Tagged ‘wisdom’

Black and White

Thursday, May 16th, 2019

Yesterday’s presidential pardon for convicted media mogul, Conrad Black, predictably drew polarised commentary along sharply divided political lines. “Powerful friends of Trump”, “That is what you get for writing a flattering book about the President”, and “It is Trump’s way of getting his own back on Comey and his bad cop friends”.

Yet there was little or zero factual commentary about the validity of the pardon.

When we screw the facts of every issue into an editorial or political agenda, we defraud political discourse and our own learning. The irony in that statement is that fraud charges are where the whole Conrad Black case started.

Investor Turn-off

Tuesday, April 30th, 2019

“What’s your point?”

“What do I need to know?”

“What are you asking me to consider?”

Speed and brevity are the fast track to wisdom. Yet a lot of entrepreneurs don’t think about that until they are done speaking to investors. They dive into telling stories, writing business plans, presenting facts and defending their position, with excessive amounts of background information, as if that bolsters their credibility and investment potential. It doesn’t, it merely shows they have a lot of factual data, nothing more. It doesn’t move the investor an inch closer to better understanding what the investor experience is going to be like and the entrepreneur’s ability to positively influence it while mitigating risk.

Repeat after me before walking into your next investor meeting: “I am not doing a university research study or requesting parole. I am having a conversation with a peer (investor). I am there to build a trusting relationship and the investor is seeking to reach conceptual agreement with me, such that both of us can see a wild attractive opportunity staring us in the face.”

Keep it simple. Slash the background information, please.

Entrepreneurial Wisdom

Wednesday, November 21st, 2018

Would you seek to cross the Atlantic without a substantial support system? Might bet is you’d loudly shout “no”. Yet there are daily, entrepreneurs, some having early success, who insist on taking even more perilous risks with their own business ventures and won’t take advice from anyone. They intuitively know better. That is fine until the seas get so rough that faced with imminent capsize, they scream “help”. Why be so churlish? Get the best qualified help you can afford, pay them on equitable terms and that them as a partner in your future success. 

Sell-Side Wealth

Monday, October 29th, 2018

I meet a great many entrepreneurs/founders in their later years embarking on ambitious ownership transitions. In my experience with such complex and ambiguous plans, we need to ensure the strategic guidance to successfully attract ideal investor(s) and convert that into a signed agreement is matched by the seller’s future understanding of their actual personal wealth needs, post-sale. The trail is littered with the remains of unrealistic and poorly informed sellers of businesses that pursued a sale without sound metrics and accountabilities. 

  1. What do you actually need financially to live in your desired lifestyle for the rest of your life?
  2. Is it realistic and supported by hard evidence?

If “Yes”, where are you today, what changes must happen, who is accountable, and in what timeframe?

If “No”, when and where are you going to acquire the hard evidence and the expertise, to help you make prudent life changes consistent with your realistic financial means? 

It is that simple if you have the courage and volition to put yourself first. 

Teaching Expertise

Thursday, June 21st, 2018

One of the most overlooked aspects of hiring expertise, is separating great teachers (how to do it) from great intellects (what to do). The former is a lot more valuable.

If you are novice standing on a riverbank trying to learn to fish for trout, as I was last week, we often run into passionate “intellects”, who seek to tell you everything they know about casting in a given moment. When what we really need is a great teacher, who excels at discussion, practice, feedback and application in that very same moment and exudes patience.

Who do your clients see you as? Is that the same person you see yourself as?

© James Berkeley 2018. All Rights Reserved.