COVID-19 and Operating Assumptions

COVID-19 and Operating Assumptions
COVID19 and Operating Assumptions

A ton of articles have been written about Covid-19 during 2020. As of July 2020, I cannot remember any situation during my lifetime that has received such extensive news coverage as Covid-19. The only thing that rivals it is the terrorist attacks of September 11 . But, even those horrific attacks did not touch the lives of every single American, and indeed every member of the human race, the way the global pandemic has altered our everyday lives. I am not a scientist and I offer no opinion on the science and won’t regurgitate the facts that are easily available on the Center for Disease Control or John Hopkins University websites. Rather, I want to talk about the principles of “I don’t know” and “operating assumptions” in the context of Covid-19. I tell everyone working within my company there are only two answers to any question: First, the answer that is factual and exactly correct; Second, the answer of “I don’t know but I will find out.” I don’t have room for speculation, rumor,…

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Failed Ventures

Do you remember when you got your first job and made your own money? There was nothing like that feeling for me. The idea of receiving an allowance, having to beg my parents for money, was anathema to me. I wanted the freedom and independence that came with earning my ownway through life. There is a certain pride with being financially independent. And, there is an even bigger pride with owning your own business. I have owned several businesses during my lifetime. But, I have only built a couple of them from scratch. I like to think that I have a creative streak but the truth is that my highest value is letting someone else get the ball rolling and then for me to come in and make it better. So, today, I want to share two business stories with you that ended without a rainbow at the end of them. I don’t call them failures because I learned a ton about business through running each of them. The first business I started was…

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