7 Common Mistakes to Avoid in Your Business Plan
As I reflect on my years of teaching business strategy to MBA students, I’m reminded of a counter-intuitive truth: having a business plan is not a guarantee of success, but rather a necessary foundation for making informed decisions. In fact,…
The 5 Skills You Need to Get Promoted to Manager
I still remember the day I realized that getting promoted to manager wasn’t just about working hard and putting in extra hours. In fact, I’ve seen many talented professionals get overlooked for promotions because they lacked the skills you need…
A Guide to the One-page Business Plan
As a business professor, I’ve seen my fair share of overly complicated business plans that leave entrepreneurs and investors alike scratching their heads. The truth is, you don’t need a 50-page document to get your business off the ground. In…
A Guide on How to Calculate Cost of Capital (wacc)
I still remember the first time I had to calculate the cost of capital (WACC) for a client on Wall Street. The complexity of the task seemed to intimidate my colleagues, but I found that once you strip away the…
A Disciplined Approach to How to Rebalance Your Portfolio
As I sit down to write about how to rebalance your portfolio, I’m reminded of a common myth that frustrates me: that rebalancing is only necessary during times of market turmoil. The truth is, regular portfolio rebalancing is essential to…
A Guide to Debt Vs. Equity Financing for a Business
As I sat in the boardroom, listening to a young entrepreneur pitch their business plan, I couldn’t help but think about the countless times I’ve seen companies struggle with a guide to debt vs equity financing. The myth that debt…
A Guide on How to Determine Market Size for a New Product
I still remember the countless hours I spent as a market research director, pouring over spreadsheets and crunching numbers to help my clients understand their market size. It was a tedious process, but one that was essential to their business…
An Explainer: Qualitative Vs. Quantitative Market Analysis
I still remember the countless hours I spent as a market research director, pouring over qualitative vs quantitative market analysis reports, trying to make sense of the noise. It was like searching for a needle in a haystack, except the…
A Guide to a Three-fund Portfolio: the Simplest Way to Invest
As I sat down to read the latest shareholder letter from Warren Buffett, I couldn’t help but think about the countless investors who struggle to build a simple, yet effective portfolio. The idea of a three-fund portfolio is often met…
A Guide to What Is Working Capital Management
As I sit at my desk, surrounded by vintage stock tickers and biographies of financial leaders, I often find myself frustrated with the overly complicated explanations of what is working capital management. It’s a topic that’s frequently shrouded in jargon…