Essential Finance for Entrepreneurs

1. Essential Finance for Entrepreneurs Why you need to be financially savvy Essential Finance for Entrepreneurs, Business Owners and Professionals

2. Why you need to be financially savvy Money and wealth are fickle; one mistake and a business can go down Essential Finance for Entrepreneurs, Business Owners and Professionals

3. Why you need to be financially savvy Most entrepreneurs experts in their own field but they are not trained in finance and accounting, so they face a huge handle in managing a business financially Essential Finance for Entrepreneurs, Business Owners and Professionals

4. Why you need to be financially savvy It is way, way easier to spend money than to make it Essential Finance for Entrepreneurs, Business Owners and Professionals

5. Why you need to be financially savvy Because money is a finite resource, it must be managed carefully Essential Finance for Entrepreneurs, Business Owners and Professionals

6. Why you need to be financially savvy Because money is a finite resource, it must be managed carefully Essential Finance for Entrepreneurs, Business Owners and Professionals

7. Why you need to be financially savvy Like any other activity or game in life, finance has rules to be followed if one wants to win Essential Finance for Entrepreneurs, Business Owners and Professionals

8. Why you need to be financially savvy Success in business is measured in monetary terms; poor financial skills breed losers. Essential Finance for Entrepreneurs, Business Owners and Professionals

9. Why you need to be financially savvy How many people do you know who made a lot of money and managed to keep it? Essential Finance for Entrepreneurs, Business Owners and Professionals

10. Why you need to be financially savvy The difference between poor people and rich people is not in how much each one makes; but how much one manages to keep. Essential Finance for Entrepreneurs, Business Owners and Professionals

11. Why you need to be financially savvy The difference between poor people and rich people is not in how much each one makes; but how much one manages to keep. Essential Finance for Entrepreneurs, Business Owners and Professionals

12. Why you need to be financially savvy Lessons from Richest Man in Babylon: Essential Finance for Entrepreneurs, Business Owners and Professionals

13. Why you need to be financially savvy Lessons from Richest Man in Babylon: • Money is the medium by which earthly success is measured. Essential Finance for Entrepreneurs, Business Owners and Professionals

14. Why you need to be financially savvy Lessons from Richest Man in Babylon: • Money makes possible the enjoyment of the best the earth affords. Essential Finance for Entrepreneurs, Business Owners and Professionals

15. Why you need to be financially savvy Lessons from Richest Man in Babylon: • Money is plentiful for those that understand the simple laws which govern it’s acquisition. Essential Finance for Entrepreneurs, Business Owners and Professionals

16. Why you need to be financially savvy Lessons from Richest Man in Babylon: • Money is governed by the same laws which controlled it when prosperous men thronged the streets of Babylon, six thousand years ago. Essential Finance for Entrepreneurs, Business Owners and Professionals

17. Why you need to be financially savvy Lessons from Richest Man in Babylon: • Money is governed by the same laws which controlled it when prosperous men thronged the streets of Babylon, six thousand years ago. Essential Finance for Entrepreneurs, Business Owners and Professionals

18. Why you need to be financially savvy Lessons from Richest Man in Babylon: • Money is governed by the same laws which controlled it when prosperous men thronged the streets of Babylon, six thousand years ago. Essential Finance for Entrepreneurs, Business Owners and Professionals

19. Why you need to be financially savvy The Bible also has lessons on money: Ecclesiastes 7:23 Wisdom is a shelter, the same Money is a shelter…. Essential Finance for Entrepreneurs, Business Owners and Professionals

20. Why you need to be financially savvy The Bible also has lessons on money: Ecclesiastes 10:19 A feast is made for laughter, and wine makes life merry, but money is the answer for everything Essential Finance for Entrepreneurs, Business Owners and Professionals

21. Why you need to be financially savvy The man who desired gold: Essential Finance for Entrepreneurs, Business Owners and Professionals

22. Why you need to be financially savvy The man who desired gold: “Why then should a fickle fate single you out to enjoy all the good things of life and ignore us who are equally deserving?” Essential Finance for Entrepreneurs, Business Owners and Professionals

23. Why you need to be financially savvy The man who desired gold: “If you have not acquired more than a bare existence in the years since we were youths, it is because you have either failed to learn the laws that govern the building of wealth, or else you do not observe them. ‘Fickle fate’ is a vicious goddess who brings no permanent good to anyone…makes wanton spenders, who soon dissipate al they receive.” Essential Finance for Entrepreneurs, Business Owners and Professionals

24. Why you need to be financially savvy The man who desired gold: “Every gold piece that you save is a slave to work for you. Every copper it earns is it’s child that also can earn for you.” .” Essential Finance for Entrepreneurs, Business Owners and Professionals

25. Why you need to be financially savvy The man who desired gold: When Arkad met up with Algamish twelve months later, he had saved a tenth of his earnings but had given it to Azmur the Bricklayer to invest in rare jewels. This was where Algamish’s next piece of advice was to make a change for Arkad. Essential Finance for Entrepreneurs, Business Owners and Professionals

26. Why you need to be financially savvy The man who desired gold: “Every fool must learn,” he growled, “but why trust the knowledge of a Brickmaker about jewels?” …“next time if you would have advice about jewels, go to the jewel merchant.” “Advice is one thing that is freely given away, but watch that you take only what is worth having.” Essential Finance for Entrepreneurs, Business Owners and Professionals

27. Why you need to be financially savvy The man who desired gold: • After another twelve months, Algamish returned to meet with Arkad. Arkad reported that he had been loaning his savings to Agger the Shieldmaker who was paying interest on the borrowings. Some of his gold he was using for feasts and buying luxurious items. Algamish advised further; • “You do eat the children of your savings.” “Then how do you expect them to work for you? And how can they have children that will also work for you? First get thee an army of golden slaves and then many a rich banquet may you enjoy without regret.” Essential Finance for Entrepreneurs, Business Owners and Professionals

28. Why you need to be financially savvy The man who desired gold: • Another 24 months passes and Algamish compliments Arkad on his rigid adherence to his teachings. • “Arkad,” he continued, “you have learned the lessons well. You first learned to live on less than you earn. Next you learned to seek advice from those who were competent…and. Lastly, you have learned to make gold work for you.” Essential Finance for Entrepreneurs, Business Owners and Professionals

29. Why you need to be financially savvy The man who desired gold: • Arkad explains that you must live with the thought that; • “A part of all I earn is mine to keep.” Essential Finance for Entrepreneurs, Business Owners and Professionals

30. Why you need to be financially savvy The man who desired gold: • Think about it morning, noon and night. • “Impress yourself with the idea. Fill yourself with the thought.” • “As it grows it will stimulate you.” • Make gold be your slave. • Seek wise counsel. Essential Finance for Entrepreneurs, Business Owners and Professionals