It’s been an up and down week for me both in feeling sick and feeling emotionally jacked. It’s during those tines that I pick up a good old business book to give myself a push and to keep me motivated.
This weeks book Mommy Millionaire by Kim Lavine is just what the doctor ordered. An autobiographical look at a small town mom turned millionaire and champion for the underdog. We all feel like the underdog, competing in this big giant world of big business. Kim’s story shows that anything is possible with applied knowledge, hard work and a butt load of motivation.
Here’s what I’m taking away:
If you don’t have a business plan, you’re not serious. Kim outlines all the reasons having a business plan is important, from helping you map out your success to getting funding. There’s no excuse not to have one with software programs to help you develop one to college students needing to write a business plan for school credit. Use all resources available and get yourself a business plan.
If you want to be an entrepreneur you have to do the paperwork like the big boys. All your accounting forms need to be in order. You need to track inventory. There are contracts and purchase orders balance sheets and forecasts. Taxes and business transactions will be your friend if you have all your paperwork in order.
Scam artists are plentiful. Fear and insecurity and maybe even a little bit of laziness and greed will have you trying to take shortcuts by hiring the guy promising an easy answer to all your problems for a high price. Take the time to access whether this service rep is reputable or can deliver on what he’s promising. Protect yourself and your business.
Failing is a part of being in business. Apparently there’s this misconception that success is an only uphill thing and there’s no bumping your head and failing. Kim explains it’s not the failing but the getting back up. Don’t be deterred by losses and disappointments. Start again.
Family, friends, and manufacturers just won’t get it. In the book Kim talks about being told by loads of people including a manufacturer that her Wuvit wasn’t going to be a big hit. Little did they know. Kim’s unstoppable faith and hard work got her to millionaire status with the naysayers looking on in disbelief.
There are so many more reasons I like this book. It reminds me that my vulnerabilities as an entrepreneur aren’t unique and that I can overcome the temporary slumps and prosper. It shows me that vision and a determination to see it to the end is vital. In the end, I’m motivated to rise above my coughing and sniffles and to work my butt off so I can succeed!