The Dadamo Small Business Observer Blog

Do It Right The First Time!! ─ Law #19

Do It Right The First Time!! ─ Law #19 This should be the most obvious of all good management laws, as it saves time, energy, costs, and management focus to do it right the first time. Often it is too easy to compromise by using the rationale – “to meet a customers...

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Success Is Relative!! ─ Law #17

Success Is Relative!! ─ Law #17 Success cannot be judged by results alone; it must be judged against goals and objectives. Results considered successful in one environment may be considered a failure in another. Don’t be fooled when managers fit results to a newly...

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Blog: Accountability─From the Beginning

Blog: Accountability─From the Beginning The bigger and more robust the growth the higher the risk becomes by putting capital in jeopardy. Planning and priorities become more a part of the culture and the proper perspective and perception on the company team are a...

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Anything Times Zero Equals Zero!! — Law #14

Anything Times Zero Equals Zero!! — Law #14 I have often marveled that some high-tech entrepreneurs who’s had ten years of math never learned that anything times zero equals zero. Hence, when they are reluctant to give up hardly any ownership when raising money, and...

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Blog: Not All Investments Win

Blog: Not All Investments Win  The Path to Failure During the past, when I sat with Angel organizations, I've questioned the investors to find out what was the nature of their investments (failures) that did not return what they hope for themselves, and caused the...

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Blog: Finance Not Just for Bean Counters

Blog: Finance Not Just for Bean Counters  This is my favorite title for my finance seminars for entrepreneurs. Numerous articles show the biggest reason for startups to fail is because of poor cash management. No doubt the very first thing needed for the entrepreneur...

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Do What You Do Best!! — Law #12

Do What You Do Best!! — Law #12 Doing what you do best is so obvious, yet this law is often violated because of the desire for new experiences and ego satisfaction. “Start up” presidents can get sidetracked from their missions by getting involved in building leases,...

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Plans Are Born To Be Changed!! — Law #10

Plans Are Born To Be Changed!! — Law #10 The process of planning can be more useful than the plan itself. Plans are most effective by putting most of the energy into the assumptions. Most plans die when there is no monitoring or follow to the planning activity. The...

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Blog: The Vulnerability of Small Businesses 

Blog: The Vulnerability of Small Businesses  Normal operating pressure on running a small business existed before the Coronavirus hit the country. But nothing was anywhere near the past, forcing a small company gym to shut down for months. In my experience, here are...

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