We are going through Bubble 2.0. You would think we would have learned from the last bubble. There are ominous news everywhere, but I say it is just a correction that was long overdue (again). And again, just like last time, this correction will separate real leaders from those who just managed to BS their way into investors’ checkbooks.
“Runways” have gotten much shorter and investors are no longer willing to gamble to the degree they did just a year ago. All of us must learn how to accomplish same with $1, what we had no trouble with costing us $10 . I truly hope this time business common sense will prevail and lean business practices will be practiced.
For the next couple of weeks I will share with you some of my best practices I used to keep companies producing in most efficient way.