Let’s take a look at entrepreneurs…primarily they act on their creative vision and implement their ideas with passion and optimistic belief…. Alternatively, the Investors primary goal is to assess risk and raise profit.
So how do these ideas relate to our personal finance and wealth?
It all comes down to your natural abilities and how you generally handle decision making and life pursuits. If we can identify our natural state of being, then we can add new ways of thinking and act as both the “investor” and the “entrepreneur”.
“Finance Focused and Passionate…”
…We become finance focused and passionate in our pursuits. We are able to predict risk and assess decisions based on cash flow and on our gut feelings.
Entrepreneurial Enthusiasm: Maintain it to stay motivated. Remind yourself what you want to achieve, take daily actions and keep pushing forwards.
Be Prudent: Always underestimate future profits and overestimate costs and competition.
Be doubtful: Always do thorough research and question everything presented to you. Address doubts and create counterarguments.
Value: Look at your channels of income with the eyes of an investor… What Value do you offer? What Value does your business offer? What is the value of the investment project you are assessing? What is the realistic financial outcome?
Capability: Know your strengths and limitations and know when to get support. This increases your reach and ultimately increases your wealth building potential.
“Expect the Best. Prepare for the Worst.”
…It’s like that expression, “Expect the best. Prepare for the worst”. To me, this perfectly sums up the values shared here and this way of thinking is sure to put you on track for financial success. The perfect position to craft the life you want.