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mark kenneth

4 Rules for the Practical Entrepreneur (Ian Landsman's Weblog v2.0) - 0 views

mark kenneth

One Thing You Don't Need To Be An Entrepreneur: A College Degree - 0 views

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    Entrepreneur
mark kenneth

Street Smarts: Secrets of a $110 Million Man | Printer-friendly version - 0 views

  • 1. Numbers run a business. If you don't know how to read them, you are flying blind.
  • 2. A sale isn't a sale until you collect.
  • 3. When your short-term liabilities exceed your short-term assets, you are bankrupt.
  • ...7 more annotations...
  • 4. Forget about shortcuts. Run a business as if it's forever.
  • 5. Cash is hard to get and easy to spend. Make it before you spend it.
  • 6. You have no friends in business, only associates.
  • 7. Don't focus on the top line. Gross margin is the most important number on the income statement.
  • 8. Identify your true competitors, and treat them with respect.
  • 9. Culture drives a company. In the long run, the boss's most important job is to define and enforce it.
  • 10. The life plan has to come before the business plan.
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