Many persons have packed their things and gone back to the village
because of wrong investments. Some have been badly emotionally and
psychologically affected and even ruined.
The promise of huge financial
returns and profits from a new business idea could make millions of butterflies
run amock in your stomach. But the truth is that many pre-suppositions and
expectations do not come exactly like that in reality. The challenges that come
with implementing a new business idea is the wall that separates the successful
and those who are not.
'Don't be in a haste to fork
over your money into a deal that is still a long shot''. These are the very
words of DONALD TRUMP in page 123 of his classic book-THE ART OF THE DEAL.
Putting your life savings into
a business simply because your neighbour, your bossom friend, your relative or
even your twin said it is a good deal is dangerous. You must do your home
work.
Enter into a business with
reasonable restrain expecially when it comes to parting with your money.
Study the business, walk the
street, ask every questions, google up everything about it. Meet both previous
and present players. Studying a business will arm you with much knowledge that
will help alot and come handy in the process.
In addition, do not invest a
more than significant proportion of your capital base. Watch your bottom
line.
In conclusion, be careful the
business you put your significant money sum, analyse and study first before you
step in. And don't forget to start small.
Cheers
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