Entrepreneurs understand how businesses make money
In business you must imprint the following on your brain: Business is about making money Businesses do not make money The first point is key for understanding
Entrepreneurs make a living and live at the same time
Some people think that work and life are separate worlds, never to be mixed. You go to work to make money so that you can spend that money
Entrepreneurs spend their cash
Some people make money so they can squirrel it away in the bank or pile it in the bath. They take pride in size of their bank balance, they love
Entrepreneurs know that cashflow is king
Some companies pay boast of valuation or revenue or profit or user numbers. To an entrepreneur these numbers are meaningless (outside of Silicon Valley). The only meaningful metric
Entrepreneurs make money
Entrepreneurship is not about saving the world or creating jobs or making awesome stuff. Its about making money. In order to make money maybe you need to save
Entrepreneurs don’t drive fancy cars
Some people have a passion for cars. They have gas in their veins, petrol in their brains, also know as “Petrol-heads.” This article is not for them. This article
Entrepreneurs build longer runways
If startups are like planes then cash is runway. More cash = more runway. The secret to starting a business is having enough cash so that your plane
Entrepreneurs live a frugal life
The secret to financial independence is low overheads. Low overheads are about being frugal. In order to be frugal in business you must be frugal in life. Its just not
Entrepreneurs don’t not outsource their financial future
As a successful entrepreneur you will be hounded by parasites. Chief amongst parasites are financial advisors. Don’t get me wrong, there are many excellent ang honest financial advisors. And
Entrepreneurs make a profit from every Rand spent
The danger with being a startup specialist is that you can forget what the purpose of “capital” is. Capital is not meant to be spent on anything unless
How to pitch to a South African angel investor
Many youngsters rock up at my door asking for money to chase their dreams. Some of the ideas are great, but the pitch is amateurish. If you can’t
4 tips for angel investors in SA
There are two kinds of businesses you can invest in: Those with a variable cost of sale (consulting firms selling hours or retailers selling stock), and those without