Of course all entrepreneurs want to make lots of money. Who doesn't? But the difference between entrepreneurs who do make money and those who don't, is that successful ones don't focus on making money. They focus on building their businesses. And that relies on having an attitude of pouring any money their businesses do make, back into them, rather than rubbing their hands and taking it out as soon as they can. True entrepreneurs are gamblers and thrifty by nature. Given the choice of a holiday of a lifetime versus the chance to create a great business, they'll always choose the business - and take it for granted that if the business does eventually make surplus money, they can have that holiday - although entrepreneurs can become so hooked, holidays become a guilty wrench away from the businesses they need to protect. I didn't have a single days holiday, or off sick, for 10 years after I started my first business. I probably could have afforded it (in fact my wif...
My kids call me Grom (Grumpy Old Man). OK, pedants will know that ought to be GOM, but a Grom sounds grumpy. I started building internet businesses in the 1980s and these days invest in other peoples' start-ups. Now that less of my life is about to happen than has happened, I've got a lot to get off my chest. This blog is a series of posts about things that annoy me, things that excite me or things that just need to be said. Grumbles of a Grom... Grombles