ENTREPRENEURSHIP: 15 COMMON MISTAKES TO AVOID IN ONE'S FINANCE, INVESTMENT, AND BUSINESS.

These are majorly tips that most of us know but we just refuse to adhere to them thereby hurting our finance in serious ways we never anticipated. Here they are;
1. REFUSING TO MAKE FINANCIAL EDUCATION A PRIORITY:
This cannot be substituted in a business venture for anyone who wants to be successful. Your level of education financially enables one to keep tab on one's resource inflow as well as outflow. Furthermore people don't like the idea of financial education because it costs as most financial educators charge however little it may be but we also need to understand that in going forward, things will not be cheap or free.

2. REFUSING TO PRACTICE AND ACT ON WHAT YOU SHOULD DO:
Knowing fully well what to do and refusing to do it is hazardous to any business because what you create is what becomes your future. Most religious fanatics say God forbid. But if God forbid, life can permit it if one refuses to take the needed steps.

3. IGNORING A SAVING CULTURE:
He who does not save is not safe and also, he who can't save in famine can't save in plenty.

4. Investing in what you don't understand or know anything about or outside your area of core competence/focus.

5. Trusting the wrong people with your finance, investment, or business.

6. Surrounding yourself with the wrong people who doesn't help your dream.

7. DOING THE WRONG BUSINESS:
Setting up a business that the climatic condition does not favour, a business without a future or already market for your produce.

8. Choosing the wrong location.

9. Lack of proper records.

10. Staying POOR. i.e: Passing Over Opportunities Repeatedly.

11. BEING TOO RISK AVERSE:
Refusing to take risks that might favor the business because one isn't sure of the outcome not only limits a business growth, it also incapacitates a business. RISK is a key for any business growth; RISKEY. No risk, no return; great risk, great return. In taking risks, take informed as well as calculated risks.

12. ALLOWING WASTES IN YOUR BUSINESS (OVERSPENDING):
If your expenditure is greater than your income, then your upkeep will be your downfall. Hence, watch your spending.

13. IGNORING PROPER PLANNING:
Always remember the 5ps; Proper Planning Prevents Poor Performance.

14. IGNORING GOAL SETTING:
If a goal is not set, one would not know where one is headed or when one has arrived there.

15. EMPLOYING THE WRONG STAFF OR HAVING THE WRONG PEOPLE IN YOUR TEAM:
Do not condone something that can cripple your vision or contaminate your business.

Wrirten by: Aderupoko Olasupo James
BBM Pin: 7F7A47FA.
Find him on Facebook: Aderupoko James.

James is a National Diploma graduate of Accounting from Federal Polytechnic, Ilaro. Currently into bead and hat making and in partnership with Phumzzy Kreationz.

Below are some of his works:

*********************************

For Online Music Promotions, Hype, Twitter Trending, Song/Video Circulation etc, visit ----->>> HERE to read more info. It's A MUST READ FOR ALL SERIOUS MINDED UPCOMING ARTISTES & DJs. LET THE Charming Humble Nice Guy HANDLE THE PROMOTION OF YOUR SONGS AND MIXES.

*********************************

BE KIND ENOUGH TO INTRODUCE SOMEONE OR MORE TO MY BLOG  TODAY. Don't be the only one enjoying the FUN here.

Like my facebook page - The CHNG Blog
Ff me on twitter - @TheCHNGBlog
BB Pin - 742EBB2A

Thanks and God bless.