As employees we have all been trained, Pavlov style to work hard and then expect our reward, known as a salary package. The same experience taught you to expect two days off after every five working. Salary thus measures the value of your hard work and thus represents status and recognition level. You learn to [...]
There are seven main things that will influence the price you get for your business. 1 profit level 2 current profit multiples in your sector 3 state of the market 4 premium for branding 5 premium for desirability 6 your negotiating skills 7 size of the enterprise.
The thing about knowledge is knowing how genuine it is. This applies to any knowledge not just in business. I suggest you become very sceptically. Think of those adverts on television for slimming products: any statistician will point out to you the weakness in their claims. They show you the successes of people who tried [...]
A dozen people are shipwrecked on a desert island. The island is in the middle of the Pacific, uninhabited. Some useful debris from the ship washes ashore but no communication equipment. The people consist of four women, four men, two boys and two girls. We join them on the first day as they wake up [...]