Make yourself happy

In the race for riches, it’s easy to fool yourself as to why you’re doing it. “I’m doing it for my wife.” “I’m doing it for my kids.” “I’m doing it for my parents.” That’s all BS. There’s only one valid reason: “I’m doing it for myself.” That’s the truth. You’re chasing riches for yourself….

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Make money, not love

Starting a business is not about loving every day of your life. It’s about finding financial freedom. Financial independence. You won’t love every day. You won’t love every task. But that’s cool. It’s not about love. It’s about making money.

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Need a mentor? Reach out

Do you need a mentor? Is there a business leader/entrepreneur that resonates with you? Someone you’d love to meet to glean pearls of wisdom? Want to meet her? It’s very simple. Reach out. Write a letter. Send an email. SMS. Phone. LinkedIn. Find a friend who can do an introduction. Use your initiative. You never…

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When is debt a good idea?

Debt is never a good idea. But sometimes you need it Maybe your co-founder wants to move to Tahiti. She wants to sell her shares. If you don’t buy her shares then someone else will and you’ll find yourself in bed with a stranger. If you don’t have the cash then you need debt. Still…

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The more hits you take, the more hits you can take

Maybe you think taking a hit makes you weaker. You’re wrong. Even if a knock takes you to the mat, you’re still stronger once you’ve recovered. Mentally, you’re less afraid. You’ve taken the hit. You’ve stood up. You know in your heart that you can do it. The more hits you take, the more hits…

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Every month you’re chasing the 25th

When you start a business, you quickly realise it’s all about cashflow. And the most important date is the 25th. That’s the date you need to pay salaries. No cash = no salaries = no trust = no business. Every month you are scrambling to have enough cash for payroll. Every month you’re chasing the…

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Trust, but verify

Never assume your staff know what they’re talking about. Never assume they understand what you’ve just said. Ask the other guy to explain back to you. “Tell me where you’re going with this? What’s your goal?” “Give me an update, what is the progress report?” Trust, but verify.

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Never miss payroll

Your staff need their pay check on time. They have debit orders are going off. They have rent to pay. Most people are living on a fine line that ends on the 25th of every month. Your job as an employer is to make sure they get their salary on time. Do that, and they’ll…

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Repetition repetition repetition

Just because you’ve heard yourself say the same thing countless times, doesn’t mean your audience has. Whatever you have to say, keep saying it. To shareholders, to staff, to customers. It’s the only way to get your message across. Repetition repetition repetition.

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Nothing is final until the invoice is paid

Don’t start work until your client has paid a deposit. A contract is meaningless. An invoice is meaningless. A statement is meaningless. Only cash in your bank account shows genuine intent. Otherwise don’t be surprised if you get halfway into the job only to find your deadbeat client is nowhere to be found, along with…

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There’s a fine line between retreating and giving up

Sometimes you have to make a tactical retreat. Rest, recover, and live to fight another day. Just be careful you’re not seen to be giving up. Be careful your retreat doesn’t turn into a rout. You need your backers & followers to be there when you decide to fight again. If they think you’re quitter,…

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Software projects are never finished

If you have a business, you need software. That’s just how it is. You can choose: Do you buy off-the-shelf, or do you create your own? If you create your own, beware: Software projects never finish. Why? Because, unlike hardware (eg: a bridge), software has infinite possibility. As you go along you inevitably find new…

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