Tuesday, August 19, 2008


when you work for an established orgnization, you assume that all bills will be covered. however, when you are on your own - you have to make sure you have enough money to make sure the bills are covered. so if you want to buy an AC for the office- hmm- thought needs to go in - to how much the bills are going to be and whether this is a necessity or an extravagance. that rule of thumb literally goes for everything that we need to purchase. getting money is the 2nd most critical thing, the first being - the balls to take off. you need money for eveyrthing- and every tom, dick and third bihari thinks that since you have a startup - you are flushed with cash. which is not the best thought since- they will jack up the prices. here- being a startup- you will be as cost conscious as possible- comparing vendors to even supply you toilet equipment, whereas most of the suppliers think- hmmm... new company... more money! :( sadly - the saga for the entrepreneur is never over. 
another golden rule-  time is money. when you decide not to work - you loose business. you can't afford to sit back with your feet in the air saying - im my own boss- i think i wont go to work today. nein - that does not work these days! :(

so a tip - think a million times before you jump in! :)

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