Author Archives: Michael Katz

Goodrich & Associates

Do You Understand the Critical Path? (August 2023)

Getting anything but the simplest of things done, as quickly as possible, requires first identifying the critical path and then finding ways to shorten it. If you want to get things done without delay, you will need to specify the critical path steps involved. Today’s newsletter looks at ways to shorten — or, at the very least, avoid delays in — the critical path. Read more…

Goodrich & Associates

Do You Understand Opportunity Cost? (June 2023)

Opportunity cost is an essential, but often misunderstood, business concept. In short, it is about determining the highest use and highest value of a given resource, whether that’s time, money, production capacity, or something else. In today’s newsletter we look at opportunity cost, its two most critical components, and offer suggestions for using it properly when evaluating alternative courses of action. Read more…

Goodrich & Associates

Non-banking Lessons From Silicon Valley Bank (April 2023)

As former Secretary of State, George Schultz once said, “Trust is the Coin of the Realm.” Nowhere is that more important than in running a business that remains successful over the long term. In today’s newsletter, using the recent collapse of Silicon Valley Bank as an example, we take a look at what can happen — in any industry — when trust evaporates. Read more…