Entrepreneurship: Moneypete's two cents worth

Entrepreneurship is the lifeblood of the world. There are no jobs, no passion and no vision without those of us who dream into reality. Many people would like to start their own business and work for themselves, but many of those same people aren’t sure whether or not they should quit their day job and go for it. Moneypete.com hears from people in this predicament a lot. The question we hear time and time again is, “Am I really an entrepreneur.” It seems like such a tough call, but the answer is really an easy one.

If you are an entrepreneur you will eventually start a business or businesses because you just can’t help it. There will be no way that you couldn’t see your idea through. It might not be tomorrow, or the next day, but you will. In fact, it probably shouldn’t be tomorrow, because there are probably some things you should learn first. You have probably heard many times that knowledge is power. You’ve heard it because it is true. The beginning of wisdom is: acquire wisdom; and with all your acquiring, get understanding. The more wisdom you acquire, the more confidence you have to launch your dream.

There are many good books in the Moneypete bookroom on entrepreneurship, but let us recommend a handful that you will find very helpful. We recommend you read every great book that you can get your hands on. Moneypete.com has links on the bookroom page to nearly every book on the planet about entrepreneurship. Read them with a discerning eye. Some of what you read while you are acquiring wisdom won’t sit well with you. Other things will flow with your entrepreneurial spirit. As the old preacher once said, “You need to eat the meat and spit out the bones.”

One great book for entrepreneurs doesn’t seem like a book for entrepreneurs when you begin reading. You may think it more of a book for those who are climbing the corporate ladder, but it has some very solid foundational concepts for the entrepreneur. “Good to Great” by Jim Collins has a wealth of information, based on data, which gives the entrepreneur some very valuable fundamentals for starting a business. The principles in “Good to Great” are universal and timeless.
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Good to Great

A fine book for those wanting to start a business is “Rich Dad, Poor Dad” by Robert Kiyosaki and Sharon Lechter. Robert tells the story of his real dad who was his poor dad and his best friend’s dad who became his mentor in business and investing. Some of Robert’s other books give you more of the meat and potatoes of building a business, but this first book of his will help inspire you to learn more about the process. “Rich Dad, Poor Dad” will propel you to acquire wisdom as you continue on your journey of business building. The book will also make the distinctions between the self employed and the business owner clear to you. Click on this link to shop online.

Rich Dad, Poor Dad

One more book to get you started will really help you get a grasp on the importance of setting up the systems that make your business run smoothly. “The E-Myth Revisited” by Michael E. Gerber is a must read for anyone wanting to start any kind of business. Michael explains why good franchises work and the reasoning behind it. We all need to approach our businesses as if we were going to franchise them. “The E-Myth Revisited” is one of the most practical books for an aspiring entrepreneur to internalize. The book not only gets the ideas across clearly, it also gives you step by step procedures to help you set your systems up and tighten the nuts and bolts. Click on this link to shop online.

The E-Myth Revisited 

 Remember the words of the great entrepreneur Henry Ford as you sail to your goal, “If you think you can, or think you can’t, you’re right!”

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