Thursday, 25 August 2016

Lessons learnt so far in the course of doing business (A personal experience)


1 Don’t Rush into Business


Do not rush into business; else you will rush out just the way you rushed in. Take proper time to plan your business.

2 Make proper survey and ensure the business is safe and genuine.


Do not just rush into a business without first of checking if the business is genuine. There are so many illegal businesses, though they might be profitable but are considered societally unacceptable.

It is also very necessary to ensure proper research before diving into a business in other to avoid being scammed. My first experience with scammers wasn’t funny at all.

3 Have Good Financial Plan


Ensure your fund is adequate and enough for the proposed business. Do not assume and just rush in possibly thinking that money will come along the way. Try to source for fund and try to avoid borrowed money to start a business especially when you do not have any other means of paying up. Just source for fund, try to save up and then start the business when you are sure the funding is there and will be enough…Don’t just be too quick to go into business.

4 Ensure you work with appropriate team;


 Don’t just work with every dick and harry. Choose and select your business partner/team carefully.

5 Read Financial Books;

There’s so much to be learned from reading good books. No matter how good you are, you will still need to
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