Edge Case Decisions - 5 Minute Management

Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses

You’re making too many business decisions based on edge cases. Mark Brooks explains why you should be wary of loud voices, your own assumptions, buddy bias, and single bad actors that could lead you to set poor policies, products, or prices.

LINKS & MENTIONS FROM THIS EPISODE

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletters

Connect with Mark on twitter https://twitter.com/markbrooks

Connect with Mark on LinkedIn https://www.linkedin.com/in/markbrooks1/

Connect with David on twitter https://twitter.com/DavidACover

Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/

Visit https://www.permanentequity.com/ for more

TIMESTAMPS

0:00 Intro

0:38 Threadboi Reads His Tweets

2:25 Making Assumptions About Pricing

4:02 Be Aware of Buddy Bias

4:47 Why We Can’t Have Nice Things

6:08 (Not) Taking Criticism

8:10 Subscribe to the Permanent Playbook Newsletter

8:35 Legal Disclaimer

EPISODE CREDITS

Produced by David Cover

Intro music by David Cover, Andy Freeman, & Wes White

Outro music by Daniele Musto

WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT

Visit https://www.permanentequity.com/ for more

Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter

Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions

Check out our other podcast episodes here: hhttps://pod.link/1480383949

LEGAL DISCLAIMER

This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.