Take a Journey: Explore Fundamentals of Entrepreneurship


show more Exploring entrepreneurship fundamentals provides you with in-depth training on Business. Taught by Dave Crenshaw as part of the Insights from a Business Coach show less
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Exploring entrepreneurship fundamentals

Jeff: Dave, what would you say are the basic fundamentals of being an entrepreneur? Dave: Well certainly, it's the areas where a lot of times business owners neglect, things like finance, money. You know, what are your numbers? I ask business owners a lot of times, you know are you winning or are you losing? And that's sort of how I view the financials in a business. It's not that money is the most important thing; it's that money is the score. It lets us know how well we are doing. How can you know whether or not you are winning or losing a basketball game without a scoreboard? Well, we want to know what our wins were, our scores in terms of income, and we want to know what our losses are.

But if an entrepreneur isn't generating financial reports on at least a monthly basis and reviewing those reports, they're really sort of flying blind. So that's one of the basics that they need to have in place. Another fundamental of being an entrepreneur is management--is le...

Exploring entrepreneurship fundamentals
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Exploring entrepreneurship fundamentals provides you with in-depth training on Business. Taught by Dave Crenshaw as part of the Insights from a Business Coach

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