Comments on: Financial Fitness for Entrepreneurs http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html Fri, 19 Mar 2010 21:33:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: realestate http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html/comment-page-1#comment-13167 realestate Wed, 17 Jun 2009 14:18:35 +0000 http://www.feld.com/wp/?p=116#comment-13167 Business & Administration skills are critical to the growth of the UK economy. As the national standard setting body for Vocational Education in Business, Administration and Governance, the CfA (Council for Administration) leads the UK’s drive for world class skills. Business & Administration skills are critical to the growth of the UK economy. As the national standard setting body for Vocational Education in Business, Administration and Governance, the CfA (Council for Administration) leads the UK’s drive for world class skills.

]]> By: The Official QuickBooks Online Weblog http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html/comment-page-1#comment-259 The Official QuickBooks Online Weblog Wed, 11 Aug 2004 14:01:46 +0000 http://www.feld.com/wp/?p=116#comment-259 <strong>Financial Fitness for Entrepreneurs</strong> No, we’re not in the habit (yet) of giving you pointers on your exercise routine, but we do want to help you succeed with your business. To that end, here’s a USA Today article for you from Brad Feld, an entrepreneur and venture capitalist. Here’... Financial Fitness for Entrepreneurs

No, we’re not in the habit (yet) of giving you pointers on your exercise routine, but we do want to help you succeed with your business. To that end, here’s a USA Today article for you from Brad Feld, an entrepreneur and venture capitalist. Here’…

]]> By: Square Zebra http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html/comment-page-1#comment-258 Square Zebra Wed, 04 Aug 2004 02:17:43 +0000 http://www.feld.com/wp/?p=116#comment-258 <strong>Mula for the Muncher...</strong> Financial fitness is something that might appear to be a strong point for me but in reality it's a high learning curve consisting mainly with "fear of failure" motivation. But for those of you who would enjoy being smarter then Mula for the Muncher…

Financial fitness is something that might appear to be a strong point for me but in reality it’s a high learning curve consisting mainly with “fear of failure” motivation. But for those of you who would enjoy being smarter then

]]> By: Derek W http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html/comment-page-1#comment-255 Derek W Tue, 03 Aug 2004 01:15:15 +0000 http://www.feld.com/wp/?p=116#comment-255 More important that picking professionals carefully is to pick your customers (and vendors) carefully. While we survived, one year we had 40% of our customers completely implode leaving us high and dry for our time, and even holding the bag for expenses incurred. Smaller businesses fail at a frightening rate, and while you may be managing your business well, a large enough financial problem with a vendor or customer could be fatal. More important that picking professionals carefully is to pick your customers (and vendors) carefully. While we survived, one year we had 40% of our customers completely implode leaving us high and dry for our time, and even holding the bag for expenses incurred. Smaller businesses fail at a frightening rate, and while you may be managing your business well, a large enough financial problem with a vendor or customer could be fatal.

]]> By: Kevin Menzie http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html/comment-page-1#comment-254 Kevin Menzie Sun, 01 Aug 2004 18:43:29 +0000 http://www.feld.com/wp/?p=116#comment-254 Great article. I�ve actually printed this one out and will carry it around with me for a while. I completely relate to and agree with the idea of many entrepreneurs being �techies� with a sense of what should be done to properly structure the business, but little interest in actually doing that work. As a right-brained creative person growing a design firm, <a href="http://www.sliceoflime.com" rel="nofollow">Slice of Lime</a>, I find that when I read articles like yours I immediately have two thoughts. 1) That these are obvious points. 2) If they are so obvious, why am I not practicing them? For anyone else approaching a business with a creative background, I would recommend the book, The Creative Business Guide to Running a Graphic Design Business, by Cameron S. Foote. While affirming my notion that there is a book for everything, this book slaps a tangible reality onto the romantic idea of running your own design firm. A lot of it coincides with your article - that you cannot build your business without organization, common sense and a strong foundation. Thanks for sharing this. Great article. I�ve actually printed this one out and will carry it around with me for a while. I completely relate to and agree with the idea of many entrepreneurs being �techies� with a sense of what should be done to properly structure the business, but little interest in actually doing that work. As a right-brained creative person growing a design firm, Slice of Lime, I find that when I read articles like yours I immediately have two thoughts. 1) That these are obvious points. 2) If they are so obvious, why am I not practicing them?

For anyone else approaching a business with a creative background, I would recommend the book, The Creative Business Guide to Running a Graphic Design Business, by Cameron S. Foote. While affirming my notion that there is a book for everything, this book slaps a tangible reality onto the romantic idea of running your own design firm. A lot of it coincides with your article – that you cannot build your business without organization, common sense and a strong foundation.

Thanks for sharing this.

]]> By: rg http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html/comment-page-1#comment-253 rg Wed, 28 Jul 2004 10:49:59 +0000 http://www.feld.com/wp/?p=116#comment-253 Just adding on to the previous comment by Ed. Are there any freeware/opensource software available in this regard?:) <i>Feld Comment: I don't know of any good freeware / opensource accounting software. The best inexpensive small business options are Quickbooks and Microsoft's low end products.</i> Just adding on to the previous comment by Ed. Are there any freeware/opensource software available in this regard?:)

Feld Comment: I don’t know of any good freeware / opensource accounting software. The best inexpensive small business options are Quickbooks and Microsoft’s low end products.

]]> By: Ed http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html/comment-page-1#comment-252 Ed Wed, 28 Jul 2004 07:32:50 +0000 http://www.feld.com/wp/?p=116#comment-252 Brad - can you expand on your definition of "financial systems"? What's a good example of a young company that did it well? Also, what do you like to see in terms of actual applications (Quickbooks, Great Plains, Oracle, etc.)? Ed Brad – can you expand on your definition of “financial systems”? What’s a good example of a young company that did it well? Also, what do you like to see in terms of actual applications (Quickbooks, Great Plains, Oracle, etc.)?
Ed

]]> By: Business Opportunities Weblog http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html/comment-page-1#comment-257 Business Opportunities Weblog Wed, 28 Jul 2004 00:57:41 +0000 http://www.feld.com/wp/?p=116#comment-257 <strong>Financial Fitness for Entrepreneurs</strong> Brad Feld:What follows are some fundamental financial tenets that all early-stage entrepreneurs should be aware of, understand, and heed.Cash is king: No matter what, don't run out of money. Nothing else in this article matters if you run out of... Financial Fitness for Entrepreneurs

Brad Feld:What follows are some fundamental financial tenets that all early-stage entrepreneurs should be aware of, understand, and heed.Cash is king: No matter what, don’t run out of money. Nothing else in this article matters if you run out of…

]]> By: J http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html/comment-page-1#comment-256 J Tue, 27 Jul 2004 20:42:54 +0000 http://www.feld.com/wp/?p=116#comment-256 <strong>Fundamental financial tenets</strong> Fundamental financial tenets that all early-stage entrepreneurs should be aware of, understand, and heed: While creating a growth business can be exhilarating, many entrepreneurs Fundamental financial tenets

Fundamental financial tenets that all early-stage entrepreneurs should be aware of, understand, and heed: While creating a growth business can be exhilarating, many entrepreneurs

]]> By: J http://www.feld.com/wp/archives/2004/07/financial-fitness-for-entrepreneurs.html/comment-page-1#comment-5804 J Tue, 27 Jul 2004 20:42:54 +0000 http://www.feld.com/wp/?p=116#comment-5804 <strong>Fundamental financial tenets</strong> Fundamental financial tenets that all early-stage entrepreneurs should be aware of, understand, and heed: While creating a growth business can be exhilarating, many entrepreneurs Fundamental financial tenets

Fundamental financial tenets that all early-stage entrepreneurs should be aware of, understand, and heed: While creating a growth business can be exhilarating, many entrepreneurs

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