What does it take to be a successful entrepreneur
October 28, 2010
CMA BC (Certified Management Accountants) asked me to draw on my experience founding, running and selling two businesses and write a piece for their magazine on what makes a successful entrepreneur. I ended up writing on what I think good entrepreneurs need to focus on.
I include an excerpt from the article below and a link to the online version of the article. Keep in mind, this is just my opinion on what matters.
Lesson #1: cash flow is the only financial measure that matters.
Lesson #2: customer cash is king.
Lesson #3: receivables must be managed.
Lesson #4: surround yourself with people who are better than you.
Lesson #5: pride is a dangerous thing.
Lesson #6: passion is paramount.
If you’d like to read the whole article then please visit this link: http://viewer.zmags.com/publication/e44793bc#/e44793bc/18