Take Care of the Pennies, and the Dollars Will Take Care of Themselves? Or Not.

Blogger and innovator Seth Godin (sethgodin.typepad.com) writes:

So many small businesspeople are crippled by their relationship with money. I know... I used to window shop at restaurants and then go home and eat Spaghetti-Os. The thing is, if you run out of money you lose the game. That's a given. But what's the best strategy for not running out of money?

I don't think the answer is to worry insanely about little expenses (saving $20 on your blogging expenses in exchange for distracting ads, for example.) In fact, too much worrying about cash is the work of the lizard brain, it's a symptom of someone self-sabotaging the work.

The thing to do is invest in scary innovations, large leaps, significant savings. Instead of renting a skimpy booth at the big trade show and scrimping on all the extras, why not rent a limo and drive the key buyers around town, or sponsor the awards luncheon? When you skimp all the time, you signal that you're struggling.


- Posted using BlogPress from my iPhone