Entrepreneurs: Take Your Personal Money Seriously.

I read a great article on today’s NYTimes.com about how many entrepreneurs keep a close 8 on every dollar that runs through their business, but are lax in managing their personal finances.

The author, Paul B. Brown, relays the advice he found on a few other sites, like the one written by entrepreneur Ben Yoskovitz – Instigator Blog.

According to Ben, a lot of entrepreneurs have goals of making tons of money with their businesses, but don’t plan personal financial goals for themselves. Many don’t have pension plans. Others don’t have financial plans. And some don’t even have savings plans.

How did Ben discover this? Well, as an entrepreneur himself, for years he only focused on his business and neglected everything else.

So, what can an entrepreneur do?

Well, according to the Times article, there are 4 things that can help you focus as much on your personal finances as you do your business finances.

1. Don’t be so optimistic about your investments. The optimism that helps you become a successful entrepreneur can hurt you as a personal investor. Read more

Can You Learn How to be an Entrepreneur?

I’ve always felt that being an entrepreneur was something that you were born with. That’s probably because I came from a family of employees. Everybody in my immediate family worked for someone else. No one had their own business.

But then something strange happened to me within the last year - I started-up 3 different businesses with friends. Businesses that are in the infant stage, but they’re moving forward.

This feeling that I could be an entrepreneur began during my 3 days in the amazing Millionaire Mind Intensive last May 10-12. Something inside of me just lit up. I’ve always wanted my own businesses, but I was too scared to really try.

Now, I’m not just trying, I’m DOING.

But during the last year, I always wondered what would’ve happened to me if I could’ve taken an Entrepreneur class in college 30 years ago. Well, according to a story by Glenn Rifkin on today’s NYTimes.com, over 2,000 colleges now offer classes in Entrepreneurship.

This piece talks about a group of students from Monmouth University in NJ who started up a business called Nanina’s Gourmet Pasta Sauce. It’s a pretty inspiring piece. Take a look at it and let us know if you think that people can be taught how to be entrepreneurs.