WHEN IT COMES TO INVESTMENT, BERKSHIRE HATHAWAY HAVE THEIR OWN WAY OF DOING THINGS
They have a very simple but proven model to decide whether an investment opportunity is for them or not. Sticking rigidly to their model over the long term has clearly worked too. We embarked upon an insightful excursion to the Berkshire Hathaway AGM to find out more about how they determine what to invest in, what characteristics and traits they buy into when originating deals. Here’s what we found:
SMEs win by being faster, more innovative and flexible than their bigger competitors.
They have the ability to create the right cultures and work environments to attract great talent. The Entrepreneurs behind them are often fearless in their endeavours, never content sitting still and always looking to improve. Through our efforts helping Irish entrepreneurs grow their businesses we are lucky to meet hundreds of these companies every year. These are some tips around common success factors I believe exist across the best SMEs.
Digital is Fast, Frantic and ever-changing.
The current digital landscape provides no place to rest, no place to hide and for businesses, you either listen up or get left behind. The world of today is unforgiving to those resistant to change. We all need to perk our ears and actively seek out the digital trends of tomorrow and help our businesses secure themselves a seat in this future world in the process.
Not everything will be relevant to you, but being cognoscente and aware at the very least is something that will stand to you.