Earlier today I mentioned a book by the Wall Street Journal about personal finance, but failed to actually point people to the book. I’ve added the book to the Productivity501 store.
The book is designed to give you a good financial foundation. It doesn’t go into great depth on subjects, but it seems to do a great job of making sure you aren’t missing anything in your financial foundation of understanding.
Another book that I’d recommend is called Founders At Work. It is a series of interviews with people who started various companies. It is a great read and very enlightening to hear the stories behind all these different businesses.
One thing I’ve been fascinated by in the book is how money injected into a small company is often just as much of a curse as a blessing. Many of the truly innovative things created by these corporations were done with very little capital investment.
That isn’t to say that money never helped any startup companies, but it does give you a different perspective that not having unlimited cash on hand can be an asset.
If you haven’t checked out the book at our online store, I’d encourage you to take a look. It is quite an eclectic collection of titles that I feel have made me think deeper.
“One thing I’ve been fascinated by in the book is how money injected into a small company is often just as much of a curse as a blessing.”
This reminds me of an article by Joel Spolsky that ran in Inc. a couple months ago. In it he talks about the importance of any startup balancing an inflow of cash with growth in employee headcount, PR, and quality.