Trust Me
Most who receive this weekly Great Idea are either Entrepreneurs or work with Entrepreneurs. This week I want to share a fabulous article from the MIT Sloan Review:
http://sloanreview.mit.edu/business-insight/articles/2009/5/5157/trust-me/
This is one of the better articles I have shared with you in the last year. It is full of all kinds of great points, many very simple, but very practical, which is exactly how I like them. Let me know your thoughts below.
Talk to you next week.
Hi Marty,
The article was great! Thanks for sharing. I enjoy your newsletters. You are a dynamite individual! Wishing you the best always!!
Jeanne Porter
Women in Business Networking
Comment by Jeanne Porter — January 17, 2010 @ 10:06 pm
I recently explored the option of borrowing to finance a faster expansion and found that an even bigger problem. Our industry is competitive and margins are slim and paying interest can eat up what little profits we have.
Our company has decided to grow a little slower and either pay cash or finance only those items that we can do so at 5% or less.
Interested to see what feedback I get on this.
Comment by Walter Cornett — January 17, 2010 @ 11:00 pm
Good article to get the wheels moving on a Monday morning. Thanks!
Comment by Michael M. Voories, CLP, CSP — January 18, 2010 @ 8:08 am
Some good thoughts Walter. Its all about ROI, we just added another service because we are certain the margin we can get on the work provided will make a good payback. I think the riskiest thing you can do right now, is not take any risks. You want to be ready for the recovery, because there is going to be one. You can retreat or sit back adn wait. Warren Buffet said, ‘If you wait to see the Robin, spring is already here.’
Comment by Marty Grunder — January 18, 2010 @ 8:53 am