Five Ways to Tell if Your Project Is in Serious Trouble

Five Ways to Tell if Your Project Is in Serious Trouble

As long as you’re observing from a safe distance, business failures can be incredibly interesting. Many of the business books I’ve found the most enjoyable and instructive have been about failures: When Genius Failed (Long Term Capital Management), Conspiracy of Fools (Enron), and How Markets Fail (numerous financial institutions) are a few of my favorites that break down catastrophic failures in compelling detail. And despite the carnage wrought by some of these blowups, I find the narratives comforting in a way. After all, if your idea, product, or business fails, at least you’re in good company.

Words to Live By - Overlooked Lessons from Great Business Thinkers

Words to Live By - Overlooked Lessons from Great Business Thinkers

I’ve probably singled out thousands of little concepts, quotes, and anecdotes over the years that have shaped how I think about things and surely shaped the way I write. Interestingly, the ones that have stuck with me the most are often tangential to the main thrust of the book. As I was reading Peter Thiel’s Zero to One (which earned its’ share of margin notes), I thought it might be interesting to share a few of the things I’ve come across in my reading which I suspect many overlooked in these books. And so, from my bookshelf to yours, here they are (with links to Amazon titles where applicable):

Keep Calm and Treat Outliers with Care

Keep Calm and Treat Outliers with Care

Outliers -- observations that are few in number but disproportionately affect your analysis -- can create headaches when we face time pressure to make decisions. Maybe it’s the lone beta tester who gives you brutal feedback about a product feature that you no longer have time to change. Or maybe it’s the tiny new cluster of data points that make your pretty financial model all of sudden look hideous. Whatever form they take, outlier observations force us to make critical decisions about how much we should weigh their significance...

How to Deal with Bad Software You Have to Use Anyway

How to Deal with Bad Software You Have to Use Anyway

Excluding all of the tools I use to maintain my website and do my email and social marketing, I think I can function in my professional life with just twenty-five tools. Pause for a moment and count the number of different products you use just to capture, organize, analyze, and transmit information. Now add in the administrative tools and the ones that are highly specific to your job function, and I bet you’ll have a number not very different from mine, if not higher. Some of them you choose to use, and some of them you have to use. I want to focus on this latter, because here is where you’re likely to encounter tools that get in the way of doing your job. Frustrating though it is, broken processes and clumsy tools are opportunities to make your company better...