An Entrepreneur "Bible"
By Jake Young on 2010-01-20 15:16:23
Scott Cundill wrote a book for entrepreneurs called "How NOT to Start and Run Your Own Business." This book is the perfect solution for the entrepreneur that wants to lead a successful life with no worries in their business start-up. Being an entrepreneur can be a very stressful lifestyle, but in the long-run, it makes an individual a better person with a more successful life and better life lessons. Here are a couple excerpts from his book:
- Don't take too much notice of what “they” say. “They” will tell you all kinds of things, motivating you to go against your natural will. If you head off and do your own thing you will lose money, that's a given so you may as well do it your way. Some people you speak to will uplift you and some will bring you down, including your family and friends. You will fail in many ways, but rather make your own mistakes than follow someone else and make theirs for them. You will learn faster this way.
- Don't make excuses. You'll hear them from other people and you'll be hearing from your own mouth. Excuses coming from others are irritating. Excuses coming from you are unacceptable.
- Don't defend yourself to people who don't believe in you. People who give you a hard time have good reason to – it's because they are absolutely right. Instead of defending yourself, rather just agree with them so you won't feel so sheepish when you eventually come crawling back. The old saying is “don't burn your bridges” and I agree.
- Don't bother with window dressing. Business cards, office space, logos and cool names mean very little. Rather invest money in the most important asset you have – yourself. If it's a statistical certainty that your first business will fail, then it's an even bigger statistical certainty that you will get into a cash flow crisis. When you can't pay your overheads at the end of the month, you are going to regret the day you spent that small fortune to ensure your entire office is Feng Shui compliant.
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