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Showing posts from September, 2018

7 Things You Wish You Knew Before the Business Failed

Whether you are currently running a business or thinking of starting up a business, here are few things that you need to know to help you avoid the business to fail. These are also seven things that businessmen wish they knew before their business failed. 1. Exhausting Your Start Up Funds. Extra money runs the business. Without it, the business is almost impossible to survive. The most common mistake of new entrepreneurs is using up all their capital to launch the business and depend on the profit for the business expenses, bills and dues. There is a six-month-rule in starting up a business. During this period, all the business profits should go to the business alone. You shall not take anything from it to establish the business and let it grow. However, an extra cash is necessary for a lot of unexpected business expenses. 2. Concrete Plan. I know that it’s exciting when you first come up with an idea about a business you want to start up. However, planning for the launching ...

7 Skills of Successful Businessman

Many people used to think that business is some kind of talent that every successful man must be gifted to have. I personally think that some people are really gifted when it comes to managing money while others do not have an innate ability to grow money. However, managing money is also a skill that one can learn and with consistent practice and years of experience, this skill can be something as natural to you as well. So here are 7 skills of successful businessman that you might already possess or may want to learn acquiring. 1. Adaptable. Being adaptable is a quality and skill that every successful businessman has. They do not easily get shocked or panic when the problem arises. They manage to keep calm while resolving certain problems and because of this skill that they have, it’s easy for them to think clearly when sudden challenges in the business occur.    2. Strong Connections. A good businessman is completely aware of his circles and take care of them like a...