Two Minute Business Wisdom

You've figured out what entrepreneurship really is and don't want that. That doesn't disqualify you from starting a small business or signing up for a side gig to bring more money in. Just know the reasoning behind what you try to pursue and the realities of the needs both require.

Understanding your personal finances means knowing the difference between not wanting to spend over $200 and only having $200 to spend. Understanding your business finances means knowing the impact of what money you can bring in and what money you must ensure always goes out.

Deciding that you have binged too many Gary Vee videos a few years back and the entrepreneur's life may not be all it's cracked up to be is an epiphany. This doesn't stop you from using your entrepreneurial mindset to help other businesses grow and thrive. But you don't have to put yourself and your assets on the line.

Handshake deals have been made and lived by since the dawn of time. But this is the 21st Century, and we humans have repeatedly proven that we should not be such a trusting lot. Get all the essential terms and conditions of your deal in ink or in pixels, and make sure it is readily available to all viable parties as soon as the contract is drafted.

Hiring the help you need to succeed as a business is crucial. Paying those who help a fair wage is key. And if you can't afford to pay, that's where the real problems creep in.

The human mind has a hard time distinguishing a lived experience from one you would read, which is why the power of suggestion and 'fake it til you make it' can happen. But to be a top-level entrepreneur, you must know the difference and ensure you are doing more.

Make a list of things that make you happy to review when you need a boost. Put on it the things like walking outside with your dog, having a little dance party, going to the gym, going to the sauna, or reading a book you like.

There are aspects of every job that have undesirable elements. This is even true if you have found 'work you love.' But you are not doomed to do all the work that tends to suck your life out.

When a person steals your idea and takes the glory and the credit, sit back and watch the show. They stole your idea because they have no ideas. You have plenty of ideas.

Just because you have some knowledge does not mean you're competent. The best business people are not the smartest people in the room, but they are smart enough to know they don't have to be and find partners or hired hands to fill in the missing gaps.