Adding Another String To The Bow
Well I think I should apologise for the late blog round up post this week, I’ve been doing my utmost to juggle several different balls recently and unfortunately I had to drop one for a few days. The reason is that I’m currently in the process of adding another string to my bow!
I know many people will consider it to be a quite sad personality trait but I’ve always been one of those people who just loves to learn. When I was at school if a teacher mentioned the word ‘quiz’ my eyes would light up, mention the words ‘mental arithmetic’ and I’d have to force myself not to let out a cheer. The problem with this thirst for knowledge is that it often leads me to bite off a little more than I can chew.
This is what happened recently when I decided to take on an accounting qualification whilst running my own business, looking after a family with 2 toddlers and also writing for this blog. Normally I’m pretty good at making the time to do everything but with important accounting exams looming unfortunately the blog has had to take a backseat this weekend, I hope you can forgive me!
Now I know accounting isn’t something that a lot of people would choose to learn for fun and in all honestly accounting isn’t fun at all, it is however very useful. In the UK we have a television program called Dragon’s Den where some of the most successful business people in the country listen to pitches from budding entrepreneurs who are hoping to gain investment for their business and also a successful business mentor. One thing that often astounds me when these entrepreneurs pitch their business idea to the Dragons is how often they come unstuck on the numbers. Sometimes they’re just under prepared but often they simply don’t understand the financial position of their business at all. Some of them are clever enough to at least bring their accountant along for the ride but the fact that they didn’t understand the finances of their business in the first place is often enough to destroy any hopes of getting a Dragon investor on board.
Now I’ve no plans to make an appearance on Dragons Den anytime soon but I do feel that getting a better grip of the numbers is a wise thing to do if you’re self-employed. On top of all this it certainly doesn’t hurt to have another skill and qualification to fall back on should things ever go wrong in the future.
Well that’s enough rambling from me, here are some of my favourite posts of the week for you to enjoy!
Debt Round Up ~ Why Do Sales Make Us Irrational Shoppers?
Canadian Budget Binder ~ Net Worth Update CBB February 2013-Move or Stay?
Reach Financial Independence ~ Buy my method, not my lifestyle
One Smart Dollar ~ Always Expect The Unexpected
Gajizmo ~ Discusses the Highest Paying Jobs
Have a great week everyone!