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The Knack for Getting Money

Some good discussion in this thread at Hacker News about how to evaluate people with a business skillset if you've got technical skills already.

I reckon "a knack for getting money" is probably the most key thing to look for in a businessperson. Some people have a knack for getting money.

All the business skills in the world without the knack for getting money doesn't fly. Well, maybe for employee #7,632 once a company's made it. But not for starting something up. You need to hustle and get money of some form real fast early on. A business guy who can't get money is probably worse than useless - if he wasn't on board, you'd be worried about solving the money problem yourself. But since he's supposedly the business guy and seems to be doing business guy stuff, you think things are cool. But things aren't cool. Go long enough without money, you die.

That's bad.

So, where do you get a knack for getting money? We're not born with it. It's acquired through action somehow. What's it take?

The Paycheck Paradox

On Rusty Lemon

I sat in a room once, and the speaker asked us all if we wanted financial independence. Everyone put their hand up, but it was explained, most don't value saving and understanding their money, it’s just a vision in the back of their mind. Everyone wants to live off interest, delegate away uninspiring tasks, and maybe have a red car, capable of driving high speeds..

I’m just a student, but I learned a powerful lesson when I lost my last job that was less demanding and stressful than my current one. It also payed much more, so from a financial perspective, I was doing better. Working harder for less? (Nobody wants that!)

But in some kind of bizarre paradox, I find myself with more money than I had before, and I’m more conscious of my savings and goals. I didn’t love my job, so I was excited about what I’d have for lunch, what I’d buy with my paycheck. As a result I had large amounts of stuff, most of which I ended up selling for a tenth of the price.. Because I didn’t really need it all anyway..

I thought the best jobs were sinecures, where I could leave at 5pm with no concern or care, and collect a decent cheque. Now I'm glad to have activity in my job, and more to think about. When people work hard together, there's a sense of spirit and humour, you can’t buy a one-day seminar and attempt to create that culture. The people I work with are one of the most important things about my job, I guess this is a bit like russian roulette; you have no idea what that cute girl is going to be like to work with.

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