Entrepreneurial Money Management

Marci talks about the financial issues & concerns business owners’ face when running their own company.

Learn New Skills, Make More Money

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Once your business is up and running, it is so tempting to let the employees manage their day-to-day tasks and work with customers while you think of things you'd rather do than run the company. (I call this the Entrepreneur's Curse: once you make money and establish a business, the only thing you can think about is what *else* you could be doing.)

The best way to stay interested in your business is to build new revenue streams. This means your focus is to continue innovating within your company. Go to seminars, even if you think you could be the speaker. Read books, even if you think you could have written a better one yourself. (This is the Entrepreneur's Second Curse: We have a hard time thinking people are smarter than we are.)

I find it impossible to control my need to innovate while faced with the reality of a company that runs itself. Below are some books that might give you some fresh ideas.

                For new entrepreneurs or those considering taking the leap:

Never Bet the Farm by Anthony Iaquinto and Stephen Spinelli Jr.

The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything by Guy Kawasaki

                For old timers like me:

Success Made Simple: An Inside Look at Why Amish Businesses Thrive by Erik Wesner

Life Entrepreneurs: Ordinary People Creating Extraordinary Lives by Christopher Gergen and Gregg Vanourek

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  • One source of help can be your local SCORE business assistance center.  They do not create miracles but they can sometimes help.  They usually have successful retired people helping out.  I thought it was silly until I went to one.  The volunteers were impressive.

  • Entrepreneurship is a innovative process it introduce new product for market with it's skill I think it a way of success.

  • here u go make more money

  • Yeah , its important to give and check the tasks of our employees continuously.Anyway thanks for useful post.

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