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I firmly believe self-development is a constant process. We retain so little of our book learning. We have to go back and refresh our skills constantly, or should I say "sharpen the saw". I've created a list of the GAME CHANGER "business" books I CANNOT live without. Ok, I could live without them, but I would not be nearly as productive, successful, motivated, or focused as I am without these go-to books. They are my business and productivity bibles, and I go back to them with every new major business venture I've taken on. And funny enough, I get new insight each and every time. I'm currently re-reading Dale Carnegie's book, and although it's my fourth or fifth read, I'm like wow - this stuff is GOLD for me right now.
What are your go-to business books? Any Rich Dad, Poor Dad fans out there? That one has always been on my radar, but I've never got around to it.
Assessing Financials of Your Start-Up Ventures & The Ugly Side of the Side Hustle
Last week I took the time to put some numbers to paper for my 3 baby start-up ventures (HTX Mom Blog, The Modern Wreath Co., and The Social Admin).
I calculated the income I thought I could make in the next few months of my 3 start-ups. Then I did the same for the first year, and then I went balls to the wall and hopped on the “what if my wildest dreams came true” train and forecasted out 5 years of kicking ass and taking names, hard-earned entrepreneurial income.
I calculated what my projected expenses would be for these start-ups for the first few months, first year, and the those amazing and dreamy first 5 years.
I estimated the value of my time, as in I actually assigned myself a rate per hour.
And what I came up with was…
Well, to be frank, it was discouraging.
This week in entrepreneur-ville....
Everyday it is a struggle for us to make time for all of our ideas, sift through the ideas to determine which will return the most value, and to just let some ideas go.