Things I've Learned Since Starting a Business #22

In this episode I share with you some important words of wisdom about running a business.  This comes from a LinkedIn post by Dave Borski: 8 years ago today, I left a great job at SwRI to pursue my dreams of starting a business. It's been a winding road with lots of challenges, victories and defeats. Popcorn list of Things I've learned since then: Payroll doesn't happen with a push of a button Annual Health insurance premium for a self-employed family is on par with paying cash for a nice 2-year old Honda Accord every year Premiums don't cover your deductible, and lots of services are not covered Finding good partners/suppliers is critical to early growth You need a lot of money (or access to it) to make big projects run before the client pays you Nobody can sell your business as well as you can You can hire better people than you to work the components of your business. It's better to be the architect of your business than the manager Self motivation is a key - but you have to plan for it to work It's great to have a mentor (or a few) who are invested in your success; it's even greater if they've been successful and know what it takes It's important to say no when your strategic plan doesn't allow for it Dave Borski's LinkedIn profile Items used in this video: PLC Trainer       Get the full details of this podcast. The above links make these videos possible.  Please use them! Support these videos by becoming a patron on Patreon Subscribe to our Youtube channel Instagram Facebook LinkedIn