For Subscribers

Think Fast There's no such thing as a surprise--not if you're paying attention.

By Mark Henricks

Opinions expressed by BIZ Experiences contributors are their own.

Kenneth G. McGee doesn't believe in business surprises. There is always warning of a profit shortfall or other event, maintains the Gartner Inc. analyst, basing his claim on studies of numerous disasters in and out of business. In Heads Up: How to Anticipate Business Surprises and Seize Opportunities First (HBS Press, $29.95), McGee analyzes events ranging from the 9/11 attacks to the WorldCom accounting scandal and shows how available information could have been used to "predict the present" and avoid the subsequent debacles. Predicting the present can also help you exploit opportunities, he adds.

Whether avoiding trouble or seeking growth, start predicting the present by identifying your largest contributors to revenues and costs. Pick out the information most relevant to those activities. Then make sure decision-makers have the information and act on it. The approach need not be complicated. McGee describes a home builder who found that many extra costs stemmed from poor coordination of subcontractor visits to construction sites. Using a simple, centralized system for scheduling subcontractors, the company cut the time required to build a home, increased per-home profits, and freed additional working capital for growth.

Force of Habit

"Throughout history, great leaders have surrounded themselves with advisors, mentors, intellectual sparring partners and confidants," Saj-nicole A. Joni says in The Third Opinion: How Successful Leaders Use Outside Insight to Create Superior Results (Portfolio, $25.95). The management consultant says BIZ Experiencess who want to do likewise need to develop three habits. First, think expansively when considering problems. Second, find and develop people outside the company you can turn to for advice. Finally, apply the first two habits to those nonurgent, but essential, issues that are hard to spot but vital for success.


Mark Henricks is BIZ Experiences's "Smart Moves" columnist.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Money & Finance

These Are the Expected Retirement Ages By Generation, From Gen Z to Boomers — and the Average Savings Anticipated. How Do Yours Compare?

Many Americans say inflation prevents them from saving enough and fear they won't reach their financial goals.

Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

Business Solutions

Boost Team Productivity and Security With Windows 11 Pro, Now $15 for Life

Ideal for BIZ Experiencess and small-business owners who are looking to streamline their PC setup.