Showing posts with label entrepreneurship. Show all posts
Showing posts with label entrepreneurship. Show all posts

Thursday, July 31, 2008

Main Management Skills quoted from Rich Dad, Poor Dad

The main management skills needed for success are:
1. The management of cash flow
2. The management of systems (including yourself and time with family).
3. The management of people.
The most important specialized skills are sales and understanding marketing. It is the ability to sell--therefore, to communicate to another human being, be it a customer, employee, boss, spouse or child-that is the base skill of personal success.

It's very interesting and useful.
Selling!! It's really difficult. I was a sales person before, but it was really difficult but a good experience for me. We need to sell something to live through all of our life.
We should think what people need and how we can provide them, but don't get stressed, it's not a selfish work but for establishing win-win relationship.

Wednesday, July 30, 2008

Four elements for developing your financial IQ



From Rich Dad, Poor Dad:
No. 1 is accounting.
No. 2 is investing.
No. 3 is understanding markets.
No. 4 is the law.

Incorporate & Grow Rich!

It is just reminder.

Incorporate & Grow Rich!


This book must be interesting, which is recommended in Rich Dad, Poor Dad.

Tuesday, July 29, 2008

Rich Dad, Poor Dad

An important distinction is that rich people buy luxuries last, while the poor
and middle class tend to buy luxuries first.

The lesson should be very useful, too much is not good though.

Sunday, July 20, 2008

Lessons from Dragons’ Den quoted from Short List

It is interesting for people who think to be an entrepreneur.
The steps which are introduced in Short List is:

Know Your Numbers
Research the Market
Make a Robust Plan
Do the Basic Maths
Manage Your Cash Flow
Don’t Fudge or Lie
Presentation is Key
Know Your Audience
Be Realistic