Archives for March 2011

How Much Money Do You Really Need?

money do you need

Everyday I run into new entrepreneurs who tell me about their “business venture” that is going to change the world. After they share this with me, I immediately ask them this one simple question:

Why are you an entrepreneur?

You can probably guess what the most common response is:

I want to be rich!

When I start digging deeper to find out why they want to make a lot of money, it’s almost always because they want to live a comfortable lifestyle so they don’t have to worry about money.

That’s when I usually think to myself, “how much money does one really need to live comfortably?”

Don’t get me wrong, I am also an entrepreneur because I want to make money, but I quickly learned that you don’t need as much money as you think to live comfortably.
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Who’s on your Nascar pit crew?

nascar pit crew

When you’re watching a Nascar pit crew, what do you notice? Everyone in the pit crew specializes in one task, and they’re good at it. Real good at it, right? Whether it’s replacing a tire, filling up fuel, or talking strategy with the driver, every job within the pit crew is important.

Just as each driver in Nascar has his own pit crew, you too need your own crew. Obviously, they won’t be in charge of replacing your tires, but they will be in charge of helping you either make money or save it when it comes to your business.

Over the last nine years, I have found myself going back to the same crew, no matter what business I am working on. So, in that spirit, here are the 11 crew members I always use:  [click to continue…]