Any decision Is Better Than No Decision

Any decision Is Better Than No Decision

This blog (Make a Decision Already) from HBR provokes thought. Personally I feel that any decision is better than no decision and that even if it is wrong or needs iteration (adjustment or amendment) then the team is on its journey to success. The secret is to have a culture that engages the team and allows plans to adjust quickly if they are not working or can be built upon. There is also a balance between making a clear decision and knowing when one needs to be made. “Don’t make a decision until you have to” does have merit especially in times of constant change or when there is a lot of things to consider. Understanding when the decision needs to be made is then key to success i.e. the “decision point”.

Certainly not making good clear decisions for your team team and allowing uncertainty and people to fill the void with assumptions leads to mediocrity disengagement. I wrote about this some time ago in this blog “Leadership Lessons from the army: How to Fight to win“. 

Valuing Xero – in 1 hour

This is a useful read if you are interested in valuing an organisation such as Xero.

Lance Wiggs

I’ve been asked too many times what I think of Xero’s valuation — whether it’s in the last few months, or in the years gone by. I don’t have much time, so decided to set myself a time and information limit and give it a go. 

So let’s walk through how to do a valuation:

1: based on very limited information — specifically, just one piece of information — this earnings release from yesterday:

2: And I will try to do it in an hour. I really don’t have that much time.

Constructing the financial forecast

We start by putting down what we know from the earnings release into a spreadsheet.

There is not much there, but it should, however, be enough.

We next work out some ratios, and back-fill the run-rate numbers for September 2012. From now on we are starting to make assumptions, but we are using the…

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Voice of The Customer Workshop

Voice of The Customer Workshop

Working with the business development team of EMDA (see their website here) in Auckland last week as they hear from their valued clients exactly how they can take their service to a new level. Already a great company with happy clients but to be able to listen & hear what they need to do to lift the bar is very valuable.

Read more about “Owning the Voice of Your Customer” by linking here.

When You Are Going Through Hell………

When You Are Going Through Hell.........

Wise advice. We all have times in life and business when things go wrong. Sometimes it can seem overwhelming and never ending. Reality is not much can’t be overcome with some good planning, some unemotional decision making (we can get too close to the problem and lose perspective) and some good people to bounce ideas off. I have found that leaders at all levels value having someone who has their back that they can trust. Someone who has no agenda except that of seeing them succeed. Have a good network of mentors who want to see you do well and hang out with them often. Ask them for ideas, input and help when you need it. That network is true gold and you can’t put a $$ Value on it! Ask any CEO who has a network like this.