Business, Money and Entrepreneurial Thoughts
Business, Money how you think about business and money
are important. Try these ideas about money and business.
1. It has to be a business that gives you an emotional high.
2. Do not go into anything that is labor or inventory intensive.
3. Have independant market research done on the feasibility of
your idea.
4. Do not think someone is waiting to steal your idea, its paranoia.
5. Do not get started on a real business until you have someone
(wife, husband, family member) who will listen to your dreams,
sympathize with your failures and applaud your successes.
6. Never involve yourself in any service or product that requires
a consumer attitude change.
7. Do not invest on home run schemes. Invest in what you like and know.
8. Find a lifelong mentor as soon as possible. Have him continually
play devils advocate.
9. Make sure you are not just buying yourself a job. Have an exit
point or harvest plan to cash out.
10. Do a self awareness training.
11. Pick a charity (other than religious) or a charitable activity
where you have nothing to gain, and work at it every year.
12. Do some charitable acts each year in secret.
13. Keep a notepad by your bed at night. Your best ideas or thoughts
may come then.
14. Get a week-at-a-glance planner. Each weekend make out a 3x5 card
for the activities you plan to accomplish.
15. You do not need to keep 51% to control your company.
16. Find an aggressive banker and CPA, send them referrals and
Christmas presents.
17. Be willing to take major risks, but be aware of risk versus reward.
18. Have someone else do all your serious negotiating for you.
19. Take 5 years plus to get through college, take six months to a year
and find what your really want to do.
20. Remember that you will learn much more from your mistakes and failures
than your successes.
21. Trust everyone, but be aware that most people shade the facts and lie part of the time.
22. Live in the nicest, most expensive home that you can. It will alter your perception of yourself and the way others view you.
23. Remember that with each successful venture there was a time when the
entrepreneur wished he had never seen it.
24. Expect to be sued-its normal-have the attitude that its the person
who is sueing that has the problem.
25. Never sue unless there is realestate that can be attached.
26. Expect to become wealthy-do a financial statement on yourself each quarter.
27. Realize that money is power and can be used for great good.
"Two people look out the same window each night, one see's the mud,
the other see's the stars"
Business, Money how you think about business and money
are important. Try these ideas about money and business.
1. It has to be a business that gives you an emotional high.
2. Do not go into anything that is labor or inventory intensive.
3. Have independant market research done on the feasibility of
your idea.
4. Do not think someone is waiting to steal your idea, its paranoia.
5. Do not get started on a real business until you have someone
(wife, husband, family member) who will listen to your dreams,
sympathize with your failures and applaud your successes.
6. Never involve yourself in any service or product that requires
a consumer attitude change.
7. Do not invest on home run schemes. Invest in what you like and know.
8. Find a lifelong mentor as soon as possible. Have him continually
play devils advocate.
9. Make sure you are not just buying yourself a job. Have an exit
point or harvest plan to cash out.
10. Do a self awareness training.
11. Pick a charity (other than religious) or a charitable activity
where you have nothing to gain, and work at it every year.
12. Do some charitable acts each year in secret.
13. Keep a notepad by your bed at night. Your best ideas or thoughts
may come then.
14. Get a week-at-a-glance planner. Each weekend make out a 3x5 card
for the activities you plan to accomplish.
15. You do not need to keep 51% to control your company.
16. Find an aggressive banker and CPA, send them referrals and
Christmas presents.
17. Be willing to take major risks, but be aware of risk versus reward.
18. Have someone else do all your serious negotiating for you.
19. Take 5 years plus to get through college, take six months to a year
and find what your really want to do.
20. Remember that you will learn much more from your mistakes and failures
than your successes.
21. Trust everyone, but be aware that most people shade the facts and lie part of the time.
22. Live in the nicest, most expensive home that you can. It will alter your perception of yourself and the way others view you.
23. Remember that with each successful venture there was a time when the
entrepreneur wished he had never seen it.
24. Expect to be sued-its normal-have the attitude that its the person
who is sueing that has the problem.
25. Never sue unless there is realestate that can be attached.
26. Expect to become wealthy-do a financial statement on yourself each quarter.
27. Realize that money is power and can be used for great good.
"Two people look out the same window each night, one see's the mud,
the other see's the stars"
posted by Bryon Zirker @ 1:57 PM
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