When building a business, time and energy will often be in short supply. This means you won’t always have the luxury of making a fully informed decision. Since collecting and analyzing data consumes resources, it’s important to weigh the benefits of a data-driven decision against its costs. If the data-driven path will cost more than the value of its potential upside, don’t bother.
Robert J Moore, When the Cost of Big Data is Too High
Via Bloomberg Businessweek.
Earlier this month, the SBA announced an expansion of their post-military entrepreneurship training efforts which will commence in July.
The new program intends to:
... give participants “the tools and knowledge they need to identify a business opportunity and launch their enterprise.”
Now, those same course offerings will be made available free of charge to any interested veterans who have already left service.
The adapted curriculum will feature not only business planning for would-be entrepreneurs but also ways to connect to “a network of lifetime business support,” including SBA’s veteran business outreach centers, women’s business centers and agency counselors.
Here's the schedule:
Paraphrase and repeat back what you hear. You may think you get what the other person is saying, until you attempt to restate their message in your own words. When they’ve finished speaking, paraphrase what they’ve said to make sure you’ve heard the actual meaning and intent of their words. Consultant Guy Harris suggests saying things like,”I heard you say … . Is that correct?” and ”If I understand correctly, your concern is … .”
Tip #4 from Intuit on being a better listener.