“If you give me a lever and a place to stand, I can move the world”. Archimedes
A Distributor CEO Query:
“Bruce, we’ve got Waypoint’s Analytics service: what is the easiest play we can do for the fastest ROI? What are the Archimedes, Big-Leverage options?” (see quote above)
Continue reading 222. The Biggest, Profit-Improvement Play Possible?
“Everyone is entitled to opinions. But, without convincing data, my opinion wins” (Many a CEO)
This Blog’s Theory: Picking-costs for popular, small-dollar SKUs is a huge, profit-improvement opportunity.
Continue reading 221. Theories About Losing, Small-Dollar-Pick SKUs
Lessons from Bad Polling Forecasts
Massive money was spent on polls and flipping Republican senate seats. Alas, no Blue Wave happened. Key lessons:
- Models – based on past results for a complex, ever-changing system – don’t accurately predict the future.
- Money wasted on “dumb bets” (like the $300MM democrats spent trying to flip 5 Republican senate seats unsuccessfully) can’t also be invested into smarter risks.
- If you want to get rich, you must have vital information – about stable systems – that no one else has and upon which you can act.
Continue reading 220. Election Polls, Smart Risks and Dumb Mistakes
In General: Sooner is Better
When buying a commodity – with all factors being equal – quicker delivery or answers win.
Entire business niches have been created/dominated by fastest response (e.g. Dominos Pizzas). The fastest delivery is: already there! Think of – just in case, curated SKUs – stored in special cabinets or vending machines. (Who pays or shares in the cost of both the upfront design solution and inventory investment is negotiable).
Continue reading 219. The Needs For Speed Vary By Customer Niche