Your Human Capital in Small Business
Starting a small business and managing its growth begins with a great idea –why not start it up right! Whether you embark on a home-based small business or envision a larger franchise, your dedication, vision and talents are your most valuable assets.
MONEY:
1. DO remember that time = money. Save on your expenditures by using your own human capital, which includes time, service, and talent.
2. DON'T spend everything you make or take out unnecessary loans. Spending money doesn't always mean making money. Many business that fail in their first two years make this mistake.
MINDSET:
3. DO ask yourself "Why?" Why is this business important to me? Write it down, and post it where you'll see it several times a day. The more strongly you connect to your purpose and what your goals are, the more likely you are to solve them.
4. DON'T forget that goals are achieved slowly through commitment. The "overnight" success story is the result of time, energy and patience.
Avail yourself to plently of on-line resources more about how to run your small business .
Entrepreneur | Debbie Berkowitz | 27 August 2010 |
