by Mike Goodrich | Feb 20, 2020 | 2020, Birmingham, Business Lessons, Entrepreneurialism, Start-Ups
Originally posted on Mike Goodrich’s LinkedIn page The Mercedes Marathon was this weekend. Patrick Koech won with a time of 2:25:40 or 5:34 a per mile. Running slightly over five-and-a-half minutes per mile for one mile is phenomenal, much less 26. Those of you...
by Mike Goodrich | Jan 31, 2020 | 2020, Birmingham, Board Membership, Business Lessons, Entrepreneurialism, Small and Medium-Sized Businesses
You may be a construction worker working on a homeYou may be living in a mansion or you might live in a domeYou might own guns and you might even own tanksYou might be somebody’s landlord, you might even own banksBut you’re gonna have to serve somebody,...
by Mike Goodrich | Jan 23, 2020 | 2020
With the new season, now is the time I love to make an outdoor fire. Nothing beats watching the glow of a fire with a nice drink in hand, basking in the warmth of one (or both). No one checks their phone around an outdoor fire. They sit and talk quietly: a...
by Mike Goodrich | Dec 17, 2019 | 2019, Social Capital and Social Entrepreneurialism, Social Capital Series
You know who’s not good at fighting fires? Arsonists. – Anand Giridharadas In the late nineteenth century, New York City had a huge pollution problem: horses. Specifically, horse poop, which littered the streets. The...
by Mike Goodrich | Dec 3, 2019 | 2019, Social Capital and Social Entrepreneurialism, Social Capital Series
In order to properly frame this question, we first need a working understanding of a few shared terms. First: what is a market rate of return? Here’s a definition from My Accounting Course (emphasis added by me): Definition: Market rate, or the going rate, is the rate...
