Making Money | Small Business Advice from Jason Fried of Inc.com

One thing I do know is that making money is not the same as starting a business. For entrepreneurs, this is an important thing to understand. Most of us identify with the products we create or services we provide. I make software. He is a headhunter. She builds computer networks. But the fact is, all of us must master one skill that supersedes the others: making money. You can be the most creative software designer in the world. But if you don’t know how to make money, you’re never going to have much of a business or a whole lot of autonomy.

Amazing column this month in INC by Jason Fried of 37 Signals. I’ve met several people who I would say just have the skill of making money, no matter what they are working on. There’s no question it is a skill, but I realized reading this that I viewed it more as a born talent. That is, in the back of my head I always viewed making money as this thing certain people were just born knowing how to do. That doesn’t make sense…it can be developed and learned through practice like anything else.

[The Startup Daily] #51: Are You On The Deferred Life Plan?

It's easy to convince yourself that you just need X before you can really start doing what you want.  X can be money, can be experience, can be a status, but X is never necessary.

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The Startup Daily
Volume 51
03/11/2011

Are You On The Deferred Life Plan?

The deferred life plan is doing what you have to do today so that someday you will be able to do what you really want to do.

The problem is that most people will work hard their whole lives and never get past that first step.

Don’t Sacrifice Your Life to Make a Living

Ask yourself “what are you willing to do for the rest of your life?” In entrepreneurship and in life, the journey is the reward.

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The Monk and the Riddle: The Art of Creating a Life While Making a Living by Randy Komisar is one of those books that prompts you to take a step back and take a long hard look your priorities. The author uses his real world experiences and applies them to a fictional case study to teach important lessons about life and entrepreneurship.

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The Innovators: Thrillist’s Adam Rich – Entrepreneur Video Network

http://player.ooyala.com/static/cacheable/d4377193427c7fe6d9c2b6553f4bcad9/player_v2.swf

Loved this quote from Adam:

The idea is 10% of the whole puzzle, day to day execution is the other 90%……Any successful company is just a mountain of little decisions, and so going and making sure you’re approaching each of those decisions with focus and commitment is the most important part of succeeding.