Assets

An asset is something from which one can derive a benefit. These include personal qualities such as charm or charisma. Assets also include social contacts, elevated social status from birth, or lots of money.

In a strictly accounting sense, an asset is defined as "a probable future economic benefit obtained or controlled by a particular entity as a result of a past transaction or event." This comes from Wikipedia the free on-line encyclopedia. You can to to Wikipedia or to any accounting textbook and you can get the scoop.

Assets are important because they allow you to do what you want to do. You can buy stuff, or cash in favors from others, or learn about things other people done. They create inefficiencies in the market which you can use to your benefit. They are one of the seven basic cash flow drivers.

When you contemplate going into business take inventory of your assets.

Entrepreneurship is the life's blood of all my professional activities. It makes them go. And go read my mystery for free at wwww.kearneymusicschoolmurders.blogspot.com or buy it from Amazon.com more cheaply than you can print it out.