This is The Edge Of Innovation, a business weblog for entrepreneurs. Curated by the folks at New Methods.
Most entrepreneurs are not finance people. Most are inventors or salespeople. They believe a need exists for something and want to be the one to fill that void.
Very few entrepreneurs really understand the way business finance works until it is too late — and that often means the end of the business. I’ve seen this countless times in my 12 years as an entrepreneur and consultant. Hell, I’ve even experienced it first-hand.
When was the last time you hopped out of bed, excited for the day to begin? To wake up with a smile on your face, knowing you have the chance to improve the lives of others around you? For most, it’s been far too long. And for some, it’s a daily routine.
But why is this?
In the history of the world, it’s never been easier to do what you love. To work where you want, when you want, if you want. And create remarkable lives for you and your loved ones. But it’s only possible with a passion for what you do.
Your passion takes money. It’s true. Those who say money isn’t everything, hasn’t lived without it for long. I’ve had days I was unsure if I’d be able to eat while praying my cell-phone isn’t disconnected and hoping that my last pair of jeans didn’t rip further beyond repair. Trust me, money is a necessity.
Don’t get me wrong, money does not cause success nor happiness. Money is simply the gateway to doing what you love. It creates the ability to help others, to travel the world, to support your favorite charity or whatever else you dream of doing.
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