Harvard Business Review

AUGUST 15, 2016

Most executives know that the present value of an investment comes from projecting its cash flows and discounting those numbers into today’s dollars. The general rule is projects with positive net present values should get funded, and those with negative ones shouldn’t. They don’t.

Net Present Value 8

Net Present Value Entrepreneur Christensen Innovation 8

Harvard Business Review

JUNE 28, 2016

Owners of small businesses can set their own hours, make their own management decisions, and take pride in the ownership of their work. But the annual cash compensation only provides part of the pecuniary payoffs of the purchase of a small business because the entrepreneur also has a significant ownership interest in the company.

Consultative 8

Consultative CAGR EBITDA CEO 8

Harvard Business Review

JULY 9, 2012

After all, if he were on a desert island without a capital market, the value of his skill goes nearly to zero. In research for we did for our forthcoming book, Heart, Smarts, Guts, and Luck , my co-authors and I were surprised at how many of the entrepreneurs and business builders we talked to attributed their success to Luck.

Net Present Value 14

Net Present Value Entrepreneur Strategic Fit Open-book 14