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  • Avoid fixed costs and things that rust, rot, and depreciate

    Years ago when I started a nightclub business called TriangleFiesta I made a strategic decision that ended up serving me well. From my days of working in agribusiness I remembered the words of Dr. Gordon Hazard when he said, "Don't invest in things that rust, rot, or depreciate'. Dr. Hazard...
    Posted to Beginning Mindset For Entrepreneurs (Weblog) by Tai on 12-31-2007

  • Getting Rich How?

    I was in New Zealand years ago studying their top agribusiness experts. New Zealand is known for leading the world in its innovation in food production. I met many fascinating people including one of my favorites, Gary Townsend . He said something to me one afternoon that has stuck with me for many years...
    Posted to Beginning Mindset For Entrepreneurs (Weblog) by Tai on 12-29-2007

  • To partner or not to partner?

    This is a trick question fraught with much emotion for experienced entrepreneurs. Those who had a bad partnership say "forget partnering" and those like me who have had a good experience say opposite. I think like many complex subjects, the answer is rather nuanced. The solution to this question...
    Posted to Partnerships (Weblog) by Tai on 12-29-2007

  • Genghis Khan's Business Advice

    I firmly believe that business is the modern day equivalent to war and empire building. Even if you are not trying to build an 'empire' you are still subject to all of the prevailing economic forces that draw close equivalents to warfare. Genghis Khan said: "The greatest pleasure is to vanquish...
    Posted to How Business Is Like War (Weblog) by Tai on 12-29-2007

  • Pros and Cons of A Biz Partner

    This is an extremely hard question and I do not think that there is a one-size-fits-all answer. There are tremendous pros and cons with both. I have written my basic thoughts on partnerships in my blogs. What do others think?
    Posted to Should You Have A Business Partner? (Forum) by Tai on 12-29-2007
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