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Suicide Announcement: How Promising the Future Can Kill Your Present

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In 1983, Adam Osborne stood on a stage and bragged about his company's next computer. It was going to be faster, better, and cheaper than the current model. The audience loved it. They loved it so much that they stopped buying the current model immediately, waiting for the new one. The problem? The new one wasn't ready. Cash flow dried up, inventory piled up, and the company went bankrupt.

This is the "Osborne Effect"—the act of unintentionally destroying your own business by announcing a fu...