Tag Archives: Business Strategy
Just Do It: Shoe Dog Shares Deep Stories of Business
Attending the Berkshire Hathaway annual meeting this past weekend reminded me of Buffett’s book recommendation of “Shoe Dog” by Nike’s Phil Knight a couple of years ago. “Phil is a very wise, intelligent, and competitive fellow who is also a gifted storyteller,” said Buffett. That… Continue reading
Network of Experts to Support Greybull Companies
“There are always more smart people outside your company than inside your company.” We are utilizing this idea in our strategy to assist our portfolio companies in Greybull Stewardship. Network of Experts As we think about the future of Greybull, we have been thinking about… Continue reading
Evergreen Investment Capital Gains More Traction
This idea should be obvious: Most companies will not do their best work if forced to grow artificially fast (think growth hormones). If you aim everything toward fattening up for an exit time; if you force-feed unnatural energy like corn or capital, binge on antibiotics, and then… Continue reading
The Mirage and False Hope of an “Exit Strategy”
At best, an exit strategy becomes overrated and a waste of breath. At worst, an exit strategy becomes a destructive mirage of certainty and false hope. I realize that it is conventional wisdom for every entrepreneur to specify their exit strategy. I have even heard… Continue reading
A Business Strategy to Capture More Value
The best entrepreneurs and business owners know that capturing value, not just creating value, is critical to success. The phrase “capturing value” is not meant to convey a zero-sum concept of one person capturing what another person loses. It is a way of saying that… Continue reading
Three More Lessons from Warren Buffett and Berkshire Hathaway
Two recent items helped me draw lessons for how I want to manage my investment firm, Greybull Stewardship. The first is Warren Buffet’s memo that he sent last month to the managers of the 80 businesses of Berkshire, and the other is in the book,… Continue reading
Wonderful Competitive Advantage Through A Unique Distribution Channel
Sustainable competitive advantage — a goal which will be always sought and ever elusive in business. It is difficult to define. Yet, we often know it when we see it. People attempt to draw-up lists in an effort to understand and remember the types of… Continue reading
Owners’ Words Best When Reflect Both Noble Purpose & Bottom-Line
This revealing story was told by speaker Lisa McLeod at the recent Murphy Conference for their impressive network of business brokers across the country. McLeod gave a very nice talk based on her book Selling with Noble Purpose. McLeod was facing a conundrum in her… Continue reading
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