Have you heard of the sunk cost fallacy? It's basically when we invest a lot of money (or time or effort or resources) on something so we convince ourselves that it's worked or working even though the evidence clearly disagrees. An easy example
Business strategy
Be smart: Do stay interviews
Today’s tight labour market is causing major issues for all companies. It’s tough to recruit good people and you just know your best employees are ripe to be shoulder tapped by others, usually promising them the world in their desperation to fill a
An expert’s forecast for the global economy and what it might mean for NZ
"We have just had a week where a decade happened,” Dr David Skilling said to me just after Russia launched its attack on Ukraine. Dr Dave is a fascinating, clever man. We went to school together before he went on to Harvard University with a
5 ways to switch off and reduce those stress levels
I’m coming across more and more business owners and employees who struggle to switch off after work. This 24-7 work mode has been building for years, with smartphones and their easy access to work emails not helping. Now, more than ever, you need to
Giving tough feedback to an employee
Ever wondered why sometimes your feedback to one staff member can go amazingly whereas to another it falls like a lead balloon? I asked Relationship & Family Therapist Stephen Taylor from Relationship Matters International why some people
Let me tell you about John
I want to tell you about this guy — let’s call him John. He recently purchased an existing business and I caught up with him when due diligence was being done. When we first talked he was full of great ideas, outlining some initiatives and processes