Mark Essien
Some bad financial things to do at a small business

Recording turn-over internally as revenue. It does not matter what you do externally, don't do it internally Not separating the money that customers pay you from the money you use to pay salaries or anything like that Recording revenue that is not in your bank as revenue, and not having a clear understanding of how much revenue is actually booked in your bank account...

Mark Essien
Attention

You enjoy doing things you are good at. You know you are good at them because you get feedback that you are good. If you need to spend a lot of time on something, hack yourself so you get positive feedback as you work on it...

Mark Essien
EVALUATING STARTUP IDEAS

The only true currency we humans have is time. Everybody is given a pot of time when they are born, and every day they take out a little from it. One dreaded day, the pot is empty. People will pay money to have a little more of that precious time...

Mark Essien
DO YOU NEED A CO-FOUNDER?

Co-founders are both the most important thing that your company needs and the most likely reason your company will fail. If you don’t have any co-founders, when you hit that dip, that speed bump along the road, you will be unable to continue...

Mark Essien
YOUR HIGH IQ WILL KILL YOUR STARTUP

In 2004 I was in Brazil, walking down the hill in Lapa to get some lunch. I was with a friend who I had met in the hostel I was staying – his name was Ofer. We were having a discussion about intelligence, and what role it plays in success...