Entrepreneurialism The Right Formula

| Total Words: 398

Kim Snider is the host of Financial Success Coaching on KRLD in the Dallas/Ft. Worth area. In one of her wonderful blog entries (Kimmunications) she defines success in entrepreneurialism this way, One is E + S + I = FS and the other is .2(S) + .8(M) = FS. For those of you who don’t like math, I can picture your eyes starting to glaze over now, but stick with me. I am not about to get all nerdy on you.

The first is a formulaic expression of something [I have said] before. Financial success comes from thinking like an entrepreneur (E), saving prodigiously (S), and investing wisely (I). Hence, E + S + I = FS.

The second refers to my belief that financial success is only 20% skill-set (S) and 80% mindset (M). That is true at the broad level and it applies to each of the three areas of financial success.

Kim defines the potential success of an entrepreneur in very tangible terms. In many ways the key to your success has a lot to do with your belief in yourself.

It may be more interesting to think that a product will either sell itself or it wont, but at the end of the day your success may hinge on whether you really believe in what you are selling,...

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