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Artisans Must Balance the Books

Harvard Business Review

The Conversation Blogs The Conversation Artisans Must Balance the Books 8:12 AM Tuesday November 23, 2010 by Ndubuisi Ekekwe | Comments () Email Tweet This Post to Facebook Share on LinkedIn Print The boy was 11 years old when his father took him to live with a kinsman, a businessman with many shops in Lagos, Nigeria.

Books 13
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Artisans Must Balance the Books

Harvard Business Review

As more people depended on him, he spent his working capital, and the business failed. When artisans have no understanding of their cash flows, they fail prey to spending a big percentage of their working capital, without meaning to, on non-business issues that usually cripple their operations.

Books 13
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Interview with Sramana Mitra on 1M/1M Program

Rajesh Setty

SM: In September 2008, when the first Entrepreneur Journeys book was released, D.D. Ganguly, CEO of DimDim, suggested that we organized “virtual book readings” over their platform. Through the spring of 2010, we released four volumes of EJ books and continued to experiment with the roundtables, which became increasingly popular.

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Are You Growing Too Fast?

Harvard Business Review

Heffington, working with Steve Curnutte, a restructuring advisor, realized that as new orders poured in, it became difficult to establish the true cost of fulfilling them. And, because credit was readily available to cover the growing need for working capital, it was easy to ignore the sizable number of unprofitable and late paying customers.

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Recommended Resources – An Interview with Paul Leinwand and Cesare Mainardi, authors of The Essential Advantage

Strategy Driven

This book helps you identify your firm’s distinctive blend of strategic direction and differentiated capabilities that give you the ‘right to win’ in your chosen markets. Achieving coherence requires a sharpness of focus that few companies have mastered.

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Creating Michelin-star Quality for the Masses

Harvard Business Review

Capital investment and operating expenses are high because cooking equipment and raw materials must be the best: wines devour working capital, the kitchen and serving staff must be paid handsomely, and crystal glasses and crockery will break. Operating such restaurants is expensive.

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Steve Jobs Solved the Innovator's Dilemma

Harvard Business Review

As a business researcher, I was particularly interested in this recent article that referenced from his biography a list of Jobs's favorite books. There's one business book on this list, and it "deeply influenced" Jobs. That book is The Innovator's Dilemma by HBS Professor Clay Christensen. There were thousands of layoffs.