Entrepreneur YOU!

Personal Inventory: Your Entrepreneurial Strengths & Weaknesses

Posted in Personal Journey by Robert Lindsay Thompson on December 31, 2010
Personal Inventory

Digging up (overlooked) personal assets

Every business needs assets.  They are the building blocks in creating and running a business.  Taking a hard, realistic look at the assets (tangible & intangible) that you have at your disposal is a good way to start.  Write them down and review them with a trusted friend or colleague.

These are the ones I have come up with for myself for making money in 2011.

1. 4.25 acres in Detroit, Michigan (minus property taxes owed)

2. Remaining technology assets i still possess after the sale of my company in 2010 (minus debts)

3. 13 software licenses (each with 3 applications) retained from business sale

4. Potential “earn-out”, based upon sales of the software applications I sold.

5. Connections (my network) i built over the last 10 years (within the scope of my agreed upon “non-compete”)

6. 100 + domain names I own and can attempt to market and sell.  (i have made about $30,000 -$40,000 over the last 10 years)

7. Miscellaneous possessions including a boat and two vehicles (minus repairs needed)

8. Cash in the bank, including savings and annuities

9. My business experiences acquired over the last 30 years

10. Skills (technical, artistic, etc.) practiced over time

11. My intelligence and creativity

12. Long-term relationships


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