Comments on: Risk management: What I’m learning about my entrepreneurial self http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self Debt Kid - I'm Getting Out of Debt Sat, 21 Nov 2009 04:28:43 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: debt kid http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self/comment-page-1#comment-8635 debt kid Thu, 10 Apr 2008 22:04:57 +0000 http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self#comment-8635 @ Jim - It's fairly steady at this point. I can count on about X dollars coming in each month now. The challenge is growing that number. @ Jim – It’s fairly steady at this point. I can count on about X dollars coming in each month now. The challenge is growing that number.

]]> By: Jim ~ mydebtblog.com http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self/comment-page-1#comment-8630 Jim ~ mydebtblog.com Thu, 10 Apr 2008 20:25:44 +0000 http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self#comment-8630 How much sustainability does your business have? I'm just curious on your cash flow if you can count on certain things generating at least enough to cover the bottom line. Anything above that line you could put back into the business, don't put too much into a project that isn't going anywhere. I would like to run my own business one day but for now I like stability and less stress. When the time is right I'll grow my business from the basement and see what I can do. How much sustainability does your business have? I’m just curious on your cash flow if you can count on certain things generating at least enough to cover the bottom line. Anything above that line you could put back into the business, don’t put too much into a project that isn’t going anywhere. I would like to run my own business one day but for now I like stability and less stress. When the time is right I’ll grow my business from the basement and see what I can do.

]]> By: Shel http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self/comment-page-1#comment-8627 Shel Thu, 10 Apr 2008 18:27:48 +0000 http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self#comment-8627 How about cutting back on risk in business and transferring it elsewhere? I'm a stress/risk/adrenaline junky and used to not mind bouncing from short term position to short term position never knowing (or caring) what was going to happen. In the last couple of years I've totally shifted to seeing the value in a long-term project and actually focusing on ONE thing at a time. During the day/work week I focus on my project, and at night and on the weekends I explore abandoned buildings, play poker (not recommended for you-lol) and do stupid fun things like raft or snowboard. Knowing that there is silly fun to be had definitely helps keep the feeling of monotony away. How about cutting back on risk in business and transferring it elsewhere? I’m a stress/risk/adrenaline junky and used to not mind bouncing from short term position to short term position never knowing (or caring) what was going to happen. In the last couple of years I’ve totally shifted to seeing the value in a long-term project and actually focusing on ONE thing at a time. During the day/work week I focus on my project, and at night and on the weekends I explore abandoned buildings, play poker (not recommended for you-lol) and do stupid fun things like raft or snowboard. Knowing that there is silly fun to be had definitely helps keep the feeling of monotony away.

]]> By: David Robarts http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self/comment-page-1#comment-8624 David Robarts Thu, 10 Apr 2008 14:25:05 +0000 http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self#comment-8624 Fortune Magazine recently interviewed Steve Jobs. Jobs indicated that one reason Apple is so successful right now is focus. When Jobs came back to the company he cut many projects that weren't contributing well to Apple's core products. He received a lot of flak for killing the Newton (Apple's PDA), but in the interview he indicated that if they had been busy trying to get the PDA right, they might have missed the opportunity to create the iPod. By focusing on the best opportunities to leverage Apple's core competencies Apple has been very successful over the past several years. Keep planning your strategy for building your business. Knowing what you can do better than any one else and who needs it the most will help you be as successful as possible. Fortune Magazine recently interviewed Steve Jobs. Jobs indicated that one reason Apple is so successful right now is focus. When Jobs came back to the company he cut many projects that weren’t contributing well to Apple’s core products. He received a lot of flak for killing the Newton (Apple’s PDA), but in the interview he indicated that if they had been busy trying to get the PDA right, they might have missed the opportunity to create the iPod. By focusing on the best opportunities to leverage Apple’s core competencies Apple has been very successful over the past several years.

Keep planning your strategy for building your business. Knowing what you can do better than any one else and who needs it the most will help you be as successful as possible.

]]> By: Fiscal Musings http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self/comment-page-1#comment-8622 Fiscal Musings Thu, 10 Apr 2008 12:57:23 +0000 http://www.debtkid.com/risk-management-what-im-learning-about-my-entrepreneurial-self#comment-8622 I also don't mind risk here and there, but I do what I can to manage it and reduce it. After all, if we were just after the risk, we'd all just be gamblers... I also don’t mind risk here and there, but I do what I can to manage it and reduce it. After all, if we were just after the risk, we’d all just be gamblers…

]]>