Women, Finance the World You Want

Harvard Business Review

So if you feel uncomfortable as an investor, here are two bullets to pack in your pistol: Investing is about financing dreams. Some of the dreams I finance are close to home. Investing also finances the kind of world we want. Finance GenderWomen are gaining financial independence to an unprecedented degree — they now make up the majority of college graduates, are nearly half of the labor force and are becoming the primary earners in many households.

P&L 12

Entrepreneurs Need a Better Way to Cash Out

Harvard Business Review

But analysts are judging EBITDA, P/E ratios, quarterly growth, and cashflows – which don’t always correlate with long-term value creation. But venture capitalists have focused on specific markets and business models, because of the constraints of the exit, which is how investors have made their returns to-date. Entrepreneurship Finance The most successful, visionary entrepreneurs dream not of millions of dollars, but of a world where their products change culture.

Don’t Turn Your Sales Team Loose Without a Strategy

Harvard Business Review

When formulating a strategy, markets and segments are important categories to consider. But a market never buys anything. And, since they were spread out across a geographically diverse area, they represented a large enough market to support renewed profitable growth.

ROIC 16

The Secrets to TripAdvisor's Impressive Scale

Harvard Business Review

billion market capitalization as of this writing. and EBITDA margins are 47%. The chart below shows their financial performance over the last few years, with forecasted 2012 revenue of $767M and EBITDA of $339M. Scaling is hard. Really hard.

Which MBAs Make More: Consultants or Small-Business Owners?

Harvard Business Review

It might be tempting to turn to the highest starting salary paid, which typically goes to the graduate with the most experience in the most competitive market, who often earns crazy money their first year. million EBITDA company for 4x paying $6 million and using 50% debt financing.

CAGR 14

How Do You Rank the World’s Best CEOs?

Harvard Business Review

An HBR team recently addressed that question by ranking CEOs according to the increases their companies have seen in total shareholder return and market capitalization across their whole tenures. How do you measure a CEO’s impact?

Shape Strategy With Simple Rules, Not Complex Frameworks

Harvard Business Review

Employees frequently attribute breakdowns to incompetence or bad faith on the part of colleagues in other departments: "Those bozos in headquarters [or finance or marketing] screw everything up." Within three years, ALL's Brazilian rail operations had increased revenues by 50% and tripled EBITDA. Successful companies shape their high-level strategies by relying not on complicated frameworks but on simple rules of thumb.