When you’re an average Joe, calculating your net worth is simple. How much money do you have in your bank account? Subtract your liabilities (debt) from your assets (money and possessions), and there you go. However, if you’re an entrepreneur, the process can get foggy. Many entrepreneurs have no idea what they’re worth because they…
This is the first in our educational series, Basics of Finance, and what you can expect to learn over the course of this series.
Far too often, entrepreneurs get caught up in the dream phase. They can see their business as a glowing success, netting them millions and entitling them to a cushy lifestyle. For the overwhelming majority, that’s where it ends. The real nuts and bolts of entrepreneurship aren’t sexy. No movies will be made about the true…
Every entrepreneur might think they’re masters of their domain, but too often, the nuts-and-bolts of finance trip them up along the way. While you might be an expert in your product or scaling your business to new heights, do you really know your true net worth? Do you have a long-term strategy in place? What…
