Capital

I reached into my grab bag of ideas and thoughts for this blog and my hand came out with stuff on "capital." Look on Wikipedia and follow the links. Go to any book on finance and you'll find all you want to know about financial capital. Human capital and social capital not so much.

Capital is resources. Stuff you can use for your own good. Items of value. Cars, houses, money market accounts, pre-paid insurance policies, equipment. Capital for a construction company includes front-end loaders, rollers, and equipment. For a restaurant owner it means ovens, refrigerators, tables, chairs, etc. Stuff you can sell.

There are several kinds of capital an entrepreneur needs to think about. First, there's human capital, your health, your ability to think, your ability to listen and learn and convince, your ability push ahead when times are tough.

You could group that into physical capital and intellectual capital. If you can think you can come up with good ideas and if you are creative and can persevere, you can see them through to fruition. Part of intellectual capital is knowing stuff.

There's financial capital, money and access to money. I don't care what they say, you have to have money or the ability to get it.

Then there's social capital. Whom you know. Entrepreneurs should get into an accounting mindset.

Check back on other postings in this blog. I blog on capital quite often.

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.