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CHARGE Take charge.COACH Coach. STRESS De-stress.TIME Leverage time. ACT Don't hesitate.CHANGE Embrace change.LEARN Learn voraciously. MISTAKE Make mistakes.TRUST Trust.COLLABORATE Collaborate.COMMUNE Commune. FLOURISH Help people flourish.STORIES Tell great stories.MEETINGS Conduct kick-ass meetings. ENTHUSIASM Generate enthusiasm.RESULTS Focus on results.AGILE Manage agilely. CUSTOMERS Delight customers. INNOVATE Innovate. SERENDIPITY Nurture serendipity.NET-WORK Net-Work. Other tags ADMIN AdministrationINTRO Big-picture vision of changing behavior, advent of 21st century practicesALTERNATIVES Competition, general info on apps, etc.
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Jerry - Articles About Happiness - 0 views
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1. If it ain't broke, still fix it. One of the hardest decisions business owners have to make is turning their backs on cash when it's flowing. But that's exactly what you must have the courage to do at times to protect your franchise.
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2. Unless you end up at Goldman Sachs, forget what you learned about finance. "In a 12-year finance career with large respected companies," says one of my former classmates, who is finance chief for the unit of a large manufacturing firm, "I can count on two hands the number of IRR [internal rate of return], DCF [discounted cash flow] and NPV [net present value] analyses I have completed." He adds: "A career in corporate finance is nothing like what is taught in school. The job is largely to be the conscience of the business--expecting and demanding explanation for decisions and [being] well versed in most topics."
3. Take your financial models with a boulder of salt. "Too often people in business rely upon a model demonstrating projections out 15 to 30 years," says another biz-school mate, now a health care consultant. Really? In school we worked in more modest 3- to 5-year increments, with an understanding that anything beyond that was magical thinking. "Believe it or not," he went on, "I have seen some done out that far for deals [acquisitions] and often for public-private partnerships."
4. Overpromise and try to deliver. Underpromising and overdelivering may work on conference calls with Wall Stree