Secrets of a $110 million dollar man….

Recession, Downturn, Recession 2.0, Hustle 2.0, The Great Depression, Train wreck….what do these words have in common?  They all represent our current situation.  Lots of sub-prime mortgages, pieces of paper (aka treasury notes) in exchange for real imported goods and a few dumb policy makers have impacted the economy in a way that it will take years to recover.  Even Santa is looking for a bailout!

In the midst of this mayhem, I came across an article from Norm Brodsky (a “serial entrepreneur” and an industry veteran).  The article is an excellent read but beyond that, it truly outlines 10 things that are applicable to EVERY business, not just the ones going out of business.

I live in the Silicon Valley, where companies join the deadpool before they register a dba and others based out of basements get acquired for millions. Reading one article won’t help you survive or make millions but it might offer some good CEO level insight.  It’s no surprise that even successful businesses tend to overlook most of these.

A few of my favorites:

- Numbers run a business. If you don’t know how to read them, you are flying blind.

- Cash is hard to get and easy to spend. Make it before you spend it.

- You have no friends in business, only associates.

- The life plan has to come before the business plan.

Read the full article.