Saturday, 3 April 2010

7 Principles of Entrepreneur


Principle simply mean the fundamental truth or proposition that serves as the foundation for a system of belief or behaviour or for a chain reasoning. It is the key of a subject to sustain, growth and evolve, thus as an entrepreneur, profound principle will hold important key to success.






The following are the 7 key principle of entrepreneurship:

  1. Identify what type of income you are dealing with - earned income, passive income or portfolio income.
  2. Effectively turn earned income (50% income) to passive and portfolio income.
  3. Only purchase positive return investment.
  4. Let your mind become your own greater assets than liability - " it is the investor that matter in every investment deal. An idiot will still an idiot doesn't matter what investment he or she into."
  5. Learn to trust when a great investment opportunity come, the fund will be right behind it.
  6. Do not predict or prognosticate, instead to be always prepared for whatever might come across with.
  7. Learn to weight between "rewards" and "risks"

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