Tag

equality

Link Roundup #27: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. 9 things no one tells you when you’re starting a business – The Ladders

It’s a bit oversimplified, but serves as a nice checklist of things you probably don’t know when you’re starting a business, especially if you’re jumping from salaried life to self-employment life.

The 9 things are:

  1. Begin with revenue. Your ideas are great, but how will it bring in the money?
  2. Protect your IP. Things get stolen all the time.
  3. Market yourself. Not just your products and services.
  4. Know your ‘why’. The reason for it all.
  5. Understand yourself so you can make great hires. Hire people who are good at what you’re not good at. Take the DISC personality test.
  6.  You are NOT the boss. The customers are the boss (but that doesn’t mean you can’t fire them.)
  7. Build a structure and find balance. Find a routine that works and won’t burn you out.
  8. Build a tax savings account and emergency savings. Practical
  9. Embrace change and challenges. You’ll be putting your problem-solving skills to the test.

Any of you want to add on to this list? Add them in the comments section.

Related: 11 things I learned about self-employment in Malaysia

Continue Reading…
Close