Book Summary: Mind Your Own Business

Setting good goals requires some planning and concentrated effort. Far too many entrepreneur have good intentions for their business, but lack goals that are specific enough to help them achieve success. Most entrepreneurs who fail to reach their goals do so because they fail to make specific, or S.M.A.R.T. goals.

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u pull it I have often wondered over the last few years how our economy could continue to do so well with more debt and more government spending than ever. This has been a mystery to me. That day in the hot springs, though, I realized that this "new economy" based on instant information might just be one of the most important pieces of the puzzle.

It is also important that you re-invest a portion of your profits into your business! That way, not only will your business continue to grow, but its GROWTH RATE will also increase! This in turn brings in MORE profits, which allows you to invest MORE into your business... Do you see a pattern!?

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Just about every business was booming, and so was the job market. It created a shortage of employees and bid up wages. Especially young workers knew that they could swap to a higher paying job AT LEAST once a year. This also fed the rationale that you could overspend today and make up the difference tomorrow.

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