Friday, August 21, 2009

The Letter π (pi)

When ever you are conducting research and development in any capacity remember that everything takes more time and costs more than you expected. Even with your best educated guess you simply don't know what you don't know. Experienced project leaders and venture capitalists agree on the rule of thumb to multiply time estimates with π (pi~3,142) and divide projected profit with the same constant. If your business case can withstand the π-test your business is likely to be sustainable and robust.

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About the Author

Urban Gavelin a native Swede with more than twenty five years of business experience. He has held positions as director of sales- marketing- and business development on Nordic, European and World Wide levels. Urban has lived and worked in Stockholm, London and New York, now works primarily with leadership development and sales training and is a credentialed coach. He has studied Executive Management at Lausanne Business School and Stockholm School of Economics.

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