Thursday, April 5, 2012

Financial Headline News for Thursday 4/5

Phil's Financial Tip of the Day:

The ABCs of entrepreneurship
By Harvey Mackay

I was recently asked by master marketer Jay Abraham to appear on his radio program, "The Ultimate Entrepreneur" along with several others including Stephen Covey and Mark Cuban. In that company, I knew I had my work cut out for me!

Start with the basics: What better way than to create the ABCs of entrepreneurship? Over the past few years I have developed my version of the ABCs of selling, leadership, negotiating, networking and team-building, which are among my most requested columns.

A is for ability. Entrepreneurs excel at identifying problems and solving them fast. They anticipate obstacles and opportunities.

B is for business plan. A successful entrepreneur must make one before doing anything else.

C is for cash because all entrepreneurs need money. Use it wisely, even when you are rolling in it.

D is for delegate. You know what you do well and what you do poorly. Decide what to outsource and delegate these tasks to others.

To read the rest of the article:
http://harveymackay.com/column/

Mackay’s Moral: Being an entrepreneur is a lot like the ABCs – start at the beginning and follow your plan through to the end.

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