Industry Economics, Business Model Design, and Destiny
We have all heard something like this before: the restaurant business is a tough business. Restaurants are tough because there is a lot competition, changing ta...
Category: competition
First Essay – Sunk Costs
I just wrote my first essay explaining what sunk costs are and why they are important. You can check it out here, or on the Essays page. Let me know what you th...
7 Powers, a practical Strategy read
I recently re-read an excellent business strategy book, 7 Powers: The Foundations of Business Strategy, by Hamilton Helmer. I read it about two years ago, but i...
Business Ironies
If you were to make a list of desirable traits for a business to have, I think the following would be at the top of the list: A large total addressable market (...