Due diligence and risk management are business terms that have come into popular use. Due diligence is to exercise a certain standard of care before concluding a deal. That exercise should include an examination of factors that could have an adverse effect on desired outcomes. Typically, an effort is made to minimize risk.
Everywhere in the world people are planning and seeking a path toward an ideal future. Continue reading →
With all the talk espousing the development of entrepreneurs as a “silver bullet” to rescue our stricken economy, I wonder how many of us can objectively identify the characteristics of persons likely to succeed as entrepreneurs? If you were interviewing candidates for the hypothetical position of entrepreneur, what criteria would you use to assess and compare them? If you were contemplating whether or not to make a conscious commitment to entrepreneurship, how would you know if that is a realistic pursuit? Continue reading →