Partnership Can Make You a Better Businessperson.

There is very little or no leverage in being a solo-preneur. It surprises me why most people want to make it on their own. Most people are not willing to see the compounding effect of teamwork in business partnership. The problem is that these solo-preneurs usually lack an ingredient – the missing ingredient – sometimes that which is most essential to their success. Therefore, they keep digging and keep failing, not because they are not smart but because they can’t know it all and because they want to do it all.
No wonder the thinking guru John C. Maxwell wrote an entire book under the caption, “Talent is never enough.”

The Missing Ingredient Syndrome
When I read business and economy books, I frequently come across the expression of a missing ingredient. However this phenomenon was banished during the trade by barter system.
Why?
Because people were willing to cooperate. Mr. Adams knew he could not have everything, so he gave Mrs. Ann a little of this to get a little of Mrs. Ann’s that.

However, the phenomenon of the missing ingredient has been reintroduced to business world. There is no more cooperation. Everyone believes the other person is a cheat. He’s going to run away with my money. He’s not trustworthy.
So, when are you going to get the trust worthy person?
Why should I bother answering that when I could just do it all by myself!!!
Wrong mentality.

You want to do it all alone. You want all the glory to be yours which is why you don’t want to commit to learning people skills. You believe everybody is the same, so why not work with the only person you can trust – you.

There is virtually no solo success. Nobody actually emerged successful without help. Emerson once made a remarkable statement. He said, “None of us is as good as all of us.” Nobody actually became successful alone. Trust me they always had help on the way.

Do You Know?
“Us” was responsible for creation, not “I”
Coca-Cola’s bottling idea was borrowed.
The Wright brothers could never have built the aircraft alone. Do you doubt they had help?
Thomas Edison may have invented the light bulb but trust me not all by himself.
Mark Zuckerberg may be the CEO and founder of Facebook Corporation but the name “Facebook” was a contribution as against “The Facebook.” – He had help no matter how little.

Synergy Plays Great Role.
When the trinity came together, creation was reality
When coca cola borrowed its bottling idea from a security officer it became an multinational venture.
The synergy between the Wright brothers birthed the mechanical flying creature.

Partnership Is Essential For Business Success.
Can you imagine what would happen if you decided to tap into the power of synergy? English has many names for one idea. Whether you call it teamwork, synergy, partnership, trade by barter, the goal is one – working together.
Why?
Because none of us is as good as all of us.

The trade by barter system entails you give the other person a service that will rather be hard to afford while you offer a worthy service in return.

The other person may be the answer to that lacking ingredient in your business.

 If you do delivery service you may partner with a retail shop. You drop some goods at the retail shop for nearby customers to pick up later while you help them deliver to their customers that stays around your route .

Partnership Can Make You A Better Businessperson .
It takes the right team of experts to take a company public and run that company profitably. If you want to become successful in business then you need help. A team of healthy partners is a strong leverage in business and when you are leveraged, you can begin to see how much fun there is in doing business. However,  creating partners isn't  one of those quick fix or 'learn-it-a-day' drill. It takes experience to work with people. It takes the mind that has hit a dead end once or twice in dealing with people but is still committed to learning people skills, acknowledging the tremendous leverage that could be realized when the skill is mastered.
Here are a few helpful tips.

Partner with the right persons.
In as much as I endorse partnership in business, this does not give the grant for partnership to be abused.  Make sure you choose a capable and competent partner. You don't want a financially drained person neither do you want the rigid contexed person. Look for the best qualities in your partner and partner with only individuals or companies that meet this requirements.

Keep to the partnership terms
You don't want to be a cheat.  Remember that you are dealing with human beings. And humans are embedded with the intuition to detect a duplicity. Be a person of integrity and all ways keep to the agreed terms of business. This is very essential even for bigger  companies that are into outsourcing. You want your company to keep a healthy relationship with its partners so as to maintain the viability and ease of doing business. Therefore, the importance of maintaining good relationship with your partner companies can't be overemphasized. Remember the golden rule, "do unto others what you want done unto you." If you want good partners, be the first to be a good partner.

Create more partners.
For start-ups,  I recommend  starting with one or two individual partners and one partner company. Focus on building trust, devising ways of making the partnership more profitable for both ventures. This will go a long way to establish a strong bond and trust in business. And when the ease of dealing with partners sets in you can create even more partners.
Why?  Because more healthy partners means more leverage, and more leverage means your ability to get rich even quicker with very little or no effort.

Build an intelligent team of partners today and tap into the leverage thereof.


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Why Do You Let Fear Stagnate Your Investment Plans?

Photo credit: Stocksnap.io

Fear is very dangerous and very common amongst entrepreneurs. Starting investors are especially more prone to this form of anxiety. Therefore, if you are venturing into an investment idea or you’re thinking about launching an investment platform, then this post is for you.

The Fear of Loosing

Fear is a sore enemy of progress. It inhibits action and obliterates goals. It creeps in even when the resources needed are enough and you are sure the way is viable. It is said that “fear kills several times over before an actual death.”

An athlete with fear automatically begins to doubt his athleticism. He asks too many questions, whose answers are ambiguous.

“People are usually motivated more by the fear of losing than by the desire for gain” — Michael Leboeuf

 

How Does This Apply To Business?

Repeatedly, I see people that I consider greenhorns and rookies; claim to be business pros. However, it becomes a mere flipping of the tongue until what is professed is practiced. The financial education upon which many investors brag remain ineffectual until it brings to fruition a profitable business venture or investment.

“The young soldier will remain a militia until he gets out on the battlefield.”

Nevertheless, even as you try to get rid of the mere theoretical financial education syndrome, it doesn’t get funny and altogether interesting. Fear, self-doubt, and the shattered focus syndrome shows up.

The young entrepreneur begins to ponder

•  Aren’t there too many competitors already? Will my knowledge suffice? What if I lose everything

•  The investment platform is already saturated. The big guys will harvest the tubers while I pick up the crumbs.

However, this surely leads to no action at all. So stop asking yourself questions that only time can answer, whilst there are better things to do that could make you calculatedly determined.

• Instead of thinking, consult a mentor

• Start very small

• Bash the thought of the competition and focus on the trend.

• You mustn’t be all-knowing…. Success doesn’t demand all the knowledge in the world.

• Stop the fearful self-interrogations.

Courage and calculated analysis are what’s needed to get you into that investment platform. However, getting that courage entails that you…

1.  Control Your Mind

Fear is an enemy of progress. It kills at a rate statistics can’t and will certainly never decipher. It thwarts plans and obliterates dreams. But of course, that’s if you give it space.

The Fear of losing engulfs the mind so that it can’t envision rightly. When it gets hold of a person, it whispers enchanted voices that do the magic. It gets you out of control and controls you. How sadly this happens even unconsciously. To get out of this heavy state of mind, you first have to discover it, determine to let it go and then push it out. You need to immediately start controlling your mind and never allow an imposter to control you.

“Don’t let the fear of losing be greater than the excitement to win” — Robert Kiyosaki

2. Begin Small — it helps all the time.

Most times, tasks that are practically too big for you to handle at a stroke is what you’d rather go for. Perhaps you need to start handling little things efficiently rather than big things in the reverse.

 It is true you need to dream and think big. Starting big is a different thing altogether. It is a show of fame, ego, and mastery. Therefore, if you’ve not attained mastery in what you do, it is rational to start small and grow your way up.

In my own philosophy, everyone gradually develops from the embryo in the womb to the statuesque figure he/she finally assumes. So let’s apply the same formula to business.

Don’t take on a project or a business that you don’t have the capacity to handle. That’s practically a conscious invitation of doubt. Even if you have the resources, it’s easier to grow up than to plummet after a purported show of fake fame and egotism.

Therefore, instead of taking on something that can cause me to do nothing at all, I will rather dream big, but start small to grow.

Of course, you should keep your focus high, be the successful entrepreneur you wish to be. But not in a day. Cases of instant success are very rare. Break the long streak of tasks to smaller and simpler ones.

To be clear, it’s good to have that big plan but it’s wise to split them into a smaller action plan. It does the trick of getting you immediately started.

When I was first introduced to the Forex market, I registered into a demo account. But I made the mistake of selecting a $5 million funding. My wins were huge but so were the loses. However, at some point, I started to get better at picking the right take profit and stop loss points. And obviously, I became better at deciding when to enter the market or exit.

With this success, I was now ready to open a real trading account. But my real trading account funding was comparatively small and so, trading with the little funding I had, was almost impossible and tiresome being that I had practiced with $5 million. And you know what this resulted? I lost all my funds then I had to start the demo account all over. Guess what I did this time!

Don’t go for the summit when you haven't perfected down the stem — Raw suicide. Start from small; it will pay off handsomely and even beautifully in the long run.

3. Bash The Thought Of Competition And Focus On The Trend.

There will always be a competition. Everyone wants to be the next big thing that pops up on the screen; everyone wants to be recognized, so we keep struggling and competing in the market.

You are a potential competitor. Stop spending time worrying about businesses and other competitors who may not be as equipped and talented as you are. Get into business and begin in the smallest way you can to compete. Let them worry about the Rising star and what he is up to. Don’t let yourself get lost in the thought of a very high competition. Just get started and momentum will locate you.

                                                                                

4. Stop Doubting Your Financial Education And Potential

No one knows it all. If you agree to that fact, why do you still look yourself in the mirror and mutter, “he needs more education.” Well, let me say this, “You actually don’t need more education; what you need is more action.”

Jeff Bezos CEO of Amazon came up with the 70% rule. He explains that the best decisions are made with just 70% of information. If a person waits for 90%, he is actually being slow.

You should take action immediately. What you want to focus on is not whether the education is enough or not but on your ability to quickly recognize mistakes and correct them.

5. Discover The Right Person To Ask

With my experiences in working with different clients, I discovered that it is a common tendency to become infected with the imposter syndrome. We tend to wonder if we are capable of the task especially if it’s our first time.

The aftermath of these self-doubting questions is a discouraged state of mind that leaves you unwilling to embark on your capital projections. You get dissuaded from what you may have done perfectly if you gave it a shot.

Now I discovered that if I could find a mentor that I trusted; someone I am comfortable with. Instead of doubtful self-interrogations, I would say it aloud to a mentor whose words will break my underlying doubts and defenses thereby equipping me for action.

I recommend that if you want to overcome the fear of losing, you need to be a little vulnerable to your mentor. Instead of asking questions you will only realize answers to after you start, say it aloud to that trusted mentor or fellow. That word from him has a way of pushing you to action.

I hope you start taking control of your financial life today. Forget about the down trends and focus on the trending. There are still many opportunities to utilize. Remember we are in this together. So while you make progress applying these principles let us know and I will be sharing my experiences as we go on.

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How has fear hindered you from starting up a plan? How did you overcome it? Share your experiences in the comments below.

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The 5mins Read that will drastically alter everything you know about Startup Businesses and EXPOSE 'the S.T.A.R.T FORMULA' that will Activate that your Business Idea in only 3 days.

One thing easily available to any business minded person is an idea. Business minded persons will always have great ideas to present. But mind you, anyone can have a great ambition in life but in a case in which such persons are reluctant about their ambition, failure is inevitable.

Many die with unattained success, some with untriggered greatness. Only he who acts attains success. It takes years to nurse a business plan, hours to write it down. But it may take a lifetime to start. Some business-minded persons out there don’t give themselves a chance to showcase their talents and expertise, but in minds of these great men and women lie ideas that possess the capacity to transform our rudimentary world.

"Many die with unattained success, some with untriggered greatness. Only he who acts attains success."

 
THEIR STORY

In the legend of the Wright brothers, a display of undeterred determination and passion for succeeding was seen. I give them credit for this above all. You might be surprised that building their aircraft to finish didn’t matter much to me. 

What most people neglect about their story is their guts and auction to function from nothing. Overcoming the fear of starting, the discouragement, and impediment was the greatest step the Wright brothers took. One more point to note in their legendary story is their display of courage, bravery, and a certain fearlessness.

After completing their project, it was time to fly. A course of action that was never practiced by a man in all history and at the same time, had in its bowels the capacity to transform the trend of civilization. Think of what a mediocre would do…  Of course, that would be:

“Huh! You really mean I should enter this piece of metal crafted from mere imagination and fly? That’s way too cowardly”

The Wright brothers had this one worth owning skill of sustaining their vigor and passion for success to the end. The Wright brothers did not only come up with an astounding invention, they utilized this invention of theirs even though nothing of such has ever been done in history. Valiantly, they flew the plane. They overcame their fears, and even though they knew they could die up there, they still flew the aircraft.

Although the authenticity was never ascertained, news came that someone had developed an aircraft before the time of the Wright brothers but refused to fly it due to fear. And after the prodigies were done baffling the whole of history, he summoned the courage to fly his aircraft and behold, it flew. What a wasted future! Start now.

Willpower, You Will Need.

Starting can be the hardest thing to do. The hardest thing in cooking is kindling the fire, and the hardest thing in reading is picking up the book and scanning through the first lines.  It took long enough to pen down the first lines of this post. 

These start practices take the highest willpower. They consume the longest time and it is just about the start point that a greater percentage of persons fail in their business career and in virtually everything. It took willpower to compose the first lines of this post, it took the Wright brothers willpower to embark upon their mission, and it takes willpower even till today to pilot an aircraft.

"Willpower solidifies your determination to start"

When this post was conceived in my heart as the major cause for which most talented youths and potential businessmen out there are not making a wave, ideas began to coin into facts and then to memories and to a blog post. But one thing was missing… a start. When I was set to write, I discovered that despite all the ideas I had up my head, it took hours of scribbling on the paper to coin the first line. Yeah! The start of anything is always tough but willpower to start despite anything, like Wright brothers will always have your back.

The S.T.A.R.T Formula For Any Business Person or Structure.

Great men did not get where they are by doing nothing. Your business goal will remain an unborn dream if you don’t start. The bottom line is, 'start now'. Not when there is enough money, not tomorrow, not when you have enough support, not when it feels right, not when you graduate, not when you have enough capital. Start now. The start is a very significant part of any business venture and has always been the bump upon which most unborn business ideas have lost their ambition. Therefore, I will be briefly breaking down the “S.T.A.R.T formula” and how you can apply it to your business idea.

S- Survey shortly

Your survey is your strategy. Although a cliché, it still holds true that if you fail to plan, you certainly plan to fail. The problem in this phase is the time wasted here. You are meant to strategize your way to success… that’s right! But strategize shortly. You don’t need all the financial analysis and professional projections. These bugs kill the precious time you have left to go out there and deal with the real thing.

Remember, time is the investor’s most valued asset. The world of business is filled with fluctuating opportunities that tend to go up and down at rapid rates just like the stock market. If you are not able to quickly recognize your opportunity and take advantage of it immediately, then you are in to miss out completely.

 Am not saying that making good plans for your business is not right. The fact is that business plans made before starting any business are bound to always change or to be altered. This is because most times things don’t work out exactly as planned in the business world and more so, the business platform is filled with dynamic trends.

Therefore, instead of wasting so much time making plans that will definitely change in the long run, it is most rational to make just the most important ones and start immediately.

T- Take a step immediately

The perfect tomorrow will never come, that capital will never be enough, the right time and support will never come. Take a step. Make the move, pursue your goal at all cost and immediately. Kill every hesitation and begin. It is said that a journey of a thousand kilometers, begin with a step. Ask yourself if there are any short term sense of fulfillment you will at least get from starting. Will starting now expand your experience? Create extra income? Or at least help you feel any better? If you can provide an answer to these questions, then what are you waiting for? Take that bold step immediately.

A- Acknowledge your loop-holes 

It is only when you’ve begun a thing that you can truly decipher how good or bad you are at it. It takes willpower to start but it takes humility to acknowledge your mistakes. Someone said, “the best way to succeed in business, is to be in business”. Therefore, understand that in the course of your financial journey you’re bound to fall countless times but you can’t afford not to acknowledge all the loop-holes.

"It is only when you've begun a thing that you can truly decipher how good or bad you are at it"

R- Re-evaluate your steps

To fall is one thing, to rise is another. Don’t capitalize on one mistake or give up on the first fall. Inevitably, the road to financial freedom is filled with too many bumps but only fools stumble twice one the same bump. Re-evaluating your steps entails seeking for means of tracking each mistake you make along your success journey so that you don’t fall into the same pit twice. That’s the only way anyone can grow.

Always educate yourself more about your business. Seek professional guide, financial advice, and counseling if need be. This is how you can solidify your grounds and make even more rational decisions.

He is bound to succeed, who never stumbles twice on a thud

"Inevitably, the road to financial freedom is filled with too many bumps but only fools stumble twice on the same bump"

T- Tactical acceleration 

Acceleration is the product of failure, education, and determination

Acceleration is the product of complete acknowledgment of your mistakes and devising tactical means of tackling them. Every business wants to succeed, but amidst this high craving for business success, statistics according to SBA shows that for over 28 million small businesses in the United States, only about 50% survive and just about one-third survive 10 years more. This is mainly because businesses fail to heed the step 3 and 4 of the S.T.A.R.T formula this explains why the United States census bureau reports that:

"For an average of 400,000 small businesses created in the United States every year, 470,000 fail."

These businesses are not started properly or based on the right framework. Some businesses are started with the principal motive to make a profit, leaving behind every other essentials of starting. Acceleration takes the last place in the hierarchy and even at that, it must be tactical. This implies that even while you enjoy the business success you crave, you should not undermine the fact that you must continuously acknowledge mistakes when they come and re-evaluate your steps. These are routine processes and they are the basis for success. I can attest that implementing the S.T.A.R.T formula will get that your static business idea rolling within 3 days.

Now, having fully understood the S.T.A.R.T formula, I think it is high time to kick off that excellent idea you have. Stop wasting precious time for time is your most valued asset. Subscribe today not tomorrow and never miss out on any business tips we will be providing our happy subscribers in our next posting on the subject of how to start immediately.

Next post: 5 tips you'll be surprised you never knew about kick starting your business idea with little or no capital. Subscribe and Join other happy subscribers now!!!


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we are glad to have you on our team! 

the S.T.A.R.T FORMULA that will Activate that your Business Idea in only 3 days.
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— The Financially Free (@Leosmile333) June 24, 2017

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ARE YOU STILL AN AMATEUR INVESTOR? DON'T WORRY, THIS EXEMPLIFIED READ WILL SHOW YOU HOW TO CHOOSE YOUR INVESTMENTS WISELY

Never too young to invest!

Starting early is a major advantage in the world of investment. This is because you have time as your biggest asset. Any one with spare cash can invest. You don't need to be a professional before you consider investing. Being young gives you the advantage of exploring all your options and the ability to make up for your loses before you need them back. Although investing in general is a trend, the fear of losing attached to it, scares young entrepreneurs away. There are few things you should know while launching into any investment platform, be it stocks, bonds, or startup businesses.

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Investment is dynamic

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Investment is dynamic that is, the trends keep changing. You should not assume anything  as far as an investment (stocks, bonds, startups) is concerned. Some professionals in the field give predictions as to what will be the resulting repercussion in future, based on the present and previous market standings. Yeah! some of these prediction come true but that's what it is..... predictions. As young investors, jumping into predictions without proper survey won't help out.

Avoid predictions and survey the market...Investment is dynamic.

Like i mentioned earlier,  you must not be a professional to start investing. After all Time wasted can not be regained. Time being your greatest asset, must be properly utilized but not with all that fear and anxiety.

Young investors, Time is your greatest asset...utilize it.

Don't know what to invest in? ...here are the steps to take

1. Seek Financial Counsel.
Never assume you know it all for there is always more to learn. It is advisable to hire or consult financial experts on areas of ambiguity as related to your area of specification. Always seek counsel from other investors in your field for successful investors are known to constantly seek knowledge.

Investors, seek knowledge from cradle to the grave
for knowledge empowers you

2. Discover your Niche.

In investment, a niche is a properly defined and well-segmented area of concentration. An average businessman would want to take up the needs of all the consumers in the market as long as they are ready to pay. An entrepreneur without a niche is like a small fish in a big pond, but discovering your niche and focusing there makes you a big fish in a small pond that can't do without you.
Do you want to start investing? Simple....discover a niche which you can operate comfortably and establish yourself. Don't mimic anyone. Conclusively, you don't want to be a jack of all trade and master of none, it always fails in the long run.

3. Overcome Your Fears.

One thing is discovering your niche or area of concentration, another is overcoming the fear to lose. I have met talented young men and women who are willing to launch into the world of investment. But the fear of losing overrides their willingness to follow suit their dreams. Many folks out there have the best business ideas but are unable to make something useful out of them as a result of some ill-fated insecurities. You need to break out from your cocoon of fear and see a whole new world of possibilities around you.

Don't let the fear of losing be greater than the excitement of winning
Robert Kiyosaki

Do you have a good business idea! give it a try and don't allow the fear of losing to weigh you down.

Have you decided to overcome your fears? one more thing

4. Take The Bold Step But With One Foot.

You don't want to rush into something you are still experimenting. Take it gently, a step after the other until you fully understand your niche, analyze your strengths and weaknesses and improve where need be. Never invest money you can't afford to lose or money you will need soon. Always invest with your spare cash. putting all your financial eggs in one basket is a recipe for disaster.

Never test the depth of a river with both feet
Warren Buffet

5. Learn The Market.

Always seek for more knowledge about your niche to discover the trends and move with it. There are many types of equipment for research at our disposal today, you can utilize them to keep yourself updated with the recent changes and upgrades in your niche. you can also meet investors in your niche and share ideas. Learning the market isn't a one day exercise, it is something you do every day. For instance in stocks, investors are always researching, predicting and seeking knowledge of how the next turnout will look like. This is because the stock market is very dynamic and unpredictable. The same applies to investment as a whole. For you to achieve the long-lasting success you must learn to adjust to the trends.

The market is unpredictable and dynamic

6. Value Your Audience.

This is one of the most overlooked aspects of marketing. Young and practicing investors sometimes forget the power of the customers. Your audience are the customers under your niche. Want to make it big? here is the free and simple secret. Value your customers. Treat them as your most valued assets and they will keep coming back.

Hit the subscribe button above and like us on Facebook. Don't forget to share with friends. looking forward to your comments and thanks for being on our team.

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TWO STRIKING REASONS YOU KEEP FAILING IN THAT BUSINESS

Building a business is one thing, another is how the business is managed and the longevity of such businesses or investments. A survey shows that there are over 28 million small businesses in the United States according to SBA, but only about 50% survive and just about one-third survive 10years more.

A business may fail due to several reasons, but the bad news is that most entrepreneurs do not discover this until the damage has been done. I am going to discuss broadly, just two reasons why you keep failing in that business.
 

Failure is a bruise not a tattoo
You can still improve now!!!

1. A WRONG FOCUS

Most investors and businessmen concentrate on just profit making and interest whereas they are not concerned about how the other factors of production must have to work together for the sustainable success of the business enterprise. A greater percentage of young and upcoming investors, businessmen/women start up a business, employs labor and instantly starts expecting high returns, but this is improper. As business persons concerned about how long your businesses can stand the test of time and competition, you should have the right focus which is centered on good customer services. This is a very important factor that determines how long a business can survive. Applying this may not be very profitable at the start, but trust me you will win the market. A good entrepreneur should treat the customers like assets and  not liabilities, he should have a way of making them feel special, important and ensure their needs are properly taken care of by asking some of the questions

like how can we serve you better? how are we doing?, and can we serve you some other time?. This will help reveal the true needs of your customers and how they feel about your business. Having understood how the business is doing and how it can get better, being able to give your customers a satisfying response is what creates the trust and bond needed to elongate your business, stand the test of time and at the same increase the profit level of your business in almost no time. This reaffirms the market statistics that shows that a satisfied customer always comes back with at least 10 other customers craving the same satisfaction. But be mindful it is Vise-Versa when the customer is dissatisfied.

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Good customer service pays!

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One customer well taken care of
could be more valuable than $10,000 worth of advertising
Jim Rohn

2. POOR MANAGEMENT SKILLS

Entrepreneurs poor management and relation skills are one of the major causes of failure in a business enterprise.

It's not the plan that is important,
it's the planning
Dr. Graeme Edwards

The management of a business from the financial management to the front-line employees (customer service department) should be properly trained on basic management and customer relation skills as related to their areas of specification. The best entrepreneurs are known to constantly seek training, learn and reach out to mentors and financial advisors to improve their leadership skills. So, for sustainable success of your business special attention should be given to your front-line employees, by this I mean those that relate directly to your customers. Customer relation training programs and seminars should be conducted at intervals to ensure your front-line workers are at their best and consequently, a proper relationship between your business and your customer will be assured. Employees under this department should be treated with utmost care and handsomely rewarded, as their efforts are what determines the growth of any business.

Marketing statistics shows that a satisfied customer always comes back, but with at least ten other customers craving the same satisfaction.

There are a lot of other reasons why a business can fail but I can't take all that in one blog post. Hope to meet you in my next blog post and don't forget to subscribe. Thanks for being on the team.

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What is the Greatest Mistake any Investor Will Ever Make

THE GREATEST MISTAKE OF AN INVESTOR

As an investor in the competitive market, there are a lot of mistakes you can make that can cost you your place in the field. Among these many mistakes, I will discuss the greatest among them.

NEVER PUT ALL YOUR EGGS IN ONE BASKET

This is one great lesson you can’t afford to forget as far as the world of investment is concerned. Depending on one company for investments can be very disastrous to your financial status. Am not saying one should be jack of all trades and master of none, but in the investment world, as there is a word termed "niche" which means the field of specification in terms of the services a company renders and the goods and information they provide or simply an area of concentration, there is also “diversification” which is the process of a company or business enterprise enlarging or varying it range of products or field of operation. Therefore individual investors, business owners, and companies should learn to diversify investments, range of products or field of operation.

MY STORY

During my youthful life of investment, I went through a whole lot of setbacks for the lack of proper financial education. I had always believed that for one to acquire wealth he will have to work harder and harder and as such, I concentrated all efforts, resources, and cash to this business of mine. But it turned out I was making a grievous mistake. I invested all my time and effort into developing my first network business. But the huge mistake I made was ever focusing all resources time and effort into one business without a backup plan. After investing all the savings I had on the network, I noticed it yet needed more financing and as at then, my passive income was lagging which resulted in the folding of the business.

I LEARNT MY LESSON THE HARD WAY

When the business folded, I had then understood the greatest mistake I made as an investor. But that was a way too hard way to learn because I ended up losing everything. But yet, the lessons I have gotten from that experience is what has made me financially free and the same lesson is what I want to share with you today. That one of the greatest mistake an investor can ever make is putting all his financial eggs in one basket and most especially, without a backup plan.

THE INSPIRATION

After the tragic fall, I had a very hard time coping with my very competitive world again. I felt such guilt in the face and carried it about wherever I went. One breezy evening outside my homely cottage, I was surfing the Internet and came about a very inspiring story of the famous investor Warren Buffet. I read his success story nonstop and soon realized what mistakes I made and how to correct them. Here, I discovered how he had carefully and properly diversified his funds until he got to become the 3rd richest man in the world by Forbes. I immediately got inspired and having acknowledged what harm financial illiteracy could do, I started investing in my financial education and never again did I forget the most important thing warren buffet did “careful diversification of funds”. Today am financially free and don’t have to bother about anything.

THE RELEVANCE

Putting all your financial eggs in one basket means risking everything on the success of one venture. Never focus all resources on one business or you could lose everything. There are three rules to avoid this mistake.

1. Properly diversify
2. Persistently diversify
3. Perpetually diversify

Many investors make this mistake of investing all their resources and prospects in one company, as some financial investors will tell you to put all time and effort in one business to ensure it works out before setting out for another. The fact is concentrating on one company or business can be very dangerous to your portfolio. This is because if the company or business you are investing on folds then you lost all your financial eggs. But what if you are trying to build a business of your own like I did. When building your own business, it will demand time, attention and a whole lot of cash and effort. You should have to concentrate your efforts in order to make this business a success. But the point is, you don’t start a business when there is no positive cash flow already coming through, as statistically, it will fold when there is no proper financing. This was the biggest mistake I made and it haunted me. Therefore as prospective businessmen and investors, what you want to do is properly diversify, persistently diversify and perpetually diversify. Not only should you invest in different companies, but make sure you have a variety of asset classes, sectors, and industry groups.

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Discover the ultimate Focus Point...A must read for all investors

Whenever I invest, my first and primary focus is how that very investment can serve more and more people. Answering that golden question is simply what gives you the right mindset to invest cash and consequently generate cash flow. Cash flow is simply the income you receive from an asset each month, quarter, or year, minus the expenses required to maintain the asset. It is money that flows right into your pocket.

WHY CASH FLOW IS IMPORTANT.
Cash flow gives one financial freedom and independence and when you are financially independent, you are free to buy what you want, travel where you want, invest in what you want in short cash flow gives you freedom.

Cash flow = freedom

As long as you have to work, then you are not free. You may choose to work, but that is a very different thing from having to work. If I have to do something every day to generate money to live on, then I’m not free.


SERVE MORE AND MORE PEOPLE?
Yea, discovering how to serve more and more people is the secret to amassing great financial wealth.

This is because people need a solution to their problems and your ability to serve them by solving these problems gives you positive cash flow. Positive cash flow is money that comes in every month whether you work or not. My number-one goal in investing is to solve many people's problem and as a result, I get more cash flow coming in than is going out for living expenses. When I do that, I’m financially free. My assets work for me, instead of me working for money.

HOW CAN I SERVE MORE AND MORE PEOPLE?
Note that serving more and more people here simply mean providing trustworthy and lasting solutions to their problems. If you are really interested in knowing how you can serve more and more people then you are on the right track. These are the tips to solving more and more problems.


TIP 1: MEET WITH THE PROSPECTIVE SOLUTION SEEKERS
This is actually very important as people often find it very unusual talking to someone else about their business idea. It is actually very important that and as stated here the tip number one that if you want to really solve people's problem you have to first learn how to communicate with them in the most comfortable and polite way. This is one massive skill you can’t afford to joke with.

TIP 2: DISCOVER THEIR PROBLEMS AS YOU COMMUNICATE.

Discovering the problem is also very important. Why? Because this is what they want to be solved and your ability to solve more and more of them gives you financial freedom. Always listen to the main problem, because if you don’t your solution seekers per se will become bored and consequently leave because they are not getting the true solution to their problems. As Michael Leboeuf clearly stated in his book, customers don’t buy goods and services what they actually buy is good feeling and solution to their problems. So what you don’t want to do is to deprive them of the solution to their problem because they will give anything to get it even if it means leaving you for another.
 
TIP 3: BE CONSISTENT
In this case, my customers must always get the solution they need anytime they call on me. I can’t afford not to have a solution whenever am called upon. And very importantly, being that what they exchange their hard earned dollar with is the solution to their problems, it is not a must that you provide the solution yourself. Being consistent here means you must give a solution to the people around you anyhow, and from anywhere the solution may come.

TIP 4: ALWAYS ASK THEM THE PLATINUM QUESTION
How do we serve you better? How are we doing? These are the platinum questions. Asking your customers these questions does not only help you get better, it also has a way of keeping strong that connection that bonds you and the customer. So, always ask the platinum question and work to answer them by the proper action as this will create more avenues for serving more and more and consequently increasing your cash flow and making you financially free.

Really interested in how to win customers and keep them for life? Click here.

And one more thing, Subscribe Now to get more of our tips on how to serve more and more people.
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