Thursday, December 2, 2010

Chance of Success and Entrepreneurial Type

Failure is mostly caused by financial difficulties-mostly caused by realizing that they are the ones who have to keep the books. Simply find the customers and pay the bills. So, be prepared, keep your eyes open to not just the possibility of failure, but the real demands of running your own business. After five years, odds of survival go way up.
Not true that you have to be "Outgoing, risk-taking, and able to make sales." ADVISOR: is one with great deal of experience/education, like accountant's, attorney's, and financial planners. BROKER: is a go-between, someone who helps others find the products or services they need by charging a % or flat fee or hourly. CREATOR: is a visionary, graphics/fashion, inventors who partner up with other financiers to make it real. OWNER: is one who's got the money to invest to make your captial work for them in stock, real-estate, or business. SELLER: one who makes income from commision. Match your entrepreneurial type to Personality and Skills.