How to Succeed as an Investor
Brian Fried, inventor, entrepreneur, author and host of Got Invention Radio shares his tips on how to succeed as an inventor.
What’s the best way for an entrepreneur to keep a close eye on expenses?
Much like in our personal lives it’s about spending decisions. You can’t always control income, but you can control costs. Look at what you spend, why you spend it and how these expenses affect the quality of what you deliver to your customers. Cut costs where you can.
When it comes to a business loan what are key factors for reigning in debt?
Look at what you want and what you can afford—the monthly payment, the terms and conditions of the loan and any escalation clauses that may be involved. Also, borrow conservatively. The silver lining of the credit crunch is that people will be less inclined to borrow too much. At least I hope we have learned that lesson.
What are three secrets of success every small business should know?
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