Post-Business School: The Things They Never Tell You

Episode #87 – Post-Business School: The Things They Never Tell You
Date: 2012-01-19
Link: Lifestyle Business Podcast
 
Take time risks not cash risks.
Your business starts when you send your first invoice.
The first 24 months after sending your first invoice will be very, very difficult.
Entrepreneurship is about the process.
Do the work.
Learn about taxation. Learn about offshore investments.
Try to find the independent value of responsiveness (in email, quotations to clients, accounts payable, etc.).
Be first to send quote to customer. They’ll tell you if you’re too high but value your responsiveness.
Cash behaves like water. It leaks unless you have a system to contain it.
Run calculations on all expenses.
Your niche isn’t a niche. It is an industry.
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