Download Entrepreneur - October 2010 by Entrepreneur Mag PDF

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It is true that more than two-thirds of the millionaires in this country can be described as self-employed. The authors’ research makes that very clear. However, it does not follow to say that the self-employed are most likely millionaires; far from it. While this book was written several years ago, the misconceptions some people took away from it still permeate public consciousness. ” Venture capital and money from “angel” investors flowed like water in the middle and late 1990s, but 9 TLFeBOOK THE 7 IRREFUTABLE RULES OF SMALL BUSINESS GROWTH most of it went to high-risk/high-potential-reward investments in tech companies, especially on the West Coast.

The preceding reports do not automatically mean the big banks are the best ones to work with. gov/advo/stats/lending) point out, many state and regional banks work very hard to meet the needs of small business and are still tops in total dollars loaned to owners in specific areas. I can also attest to the dedication of a big bank like Bank of America, as I have spoken on their behalf around the country on many occasions. The bottom line is: There is more competition than ever for small business’s banking dollars, which is certainly a net positive overall.

But the worst line of all is the one for the taxi, especially when every attendee is trying to go to the same place at the same time. Taxi queues at hotels, airports, and convention centers can be a nightmare. When I am speaking at an event where the majority of the attendees aren’t entrepreneurs, people line up like well-behaved grade schoolers. They hate standing in line as much as anybody, but they assume that someone must have a system and that eventually they’ll get a cab. When the meeting is dominated by entrepreneurs, however, everything changes.

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