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How To Know What Business To Invest Into - Business - Nairaland

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How To Know What Business To Invest Into by bodmax: 9:10am On Mar 08, 2013
A lots of questions on what to invest into floods Nairaland business forum only to attract endless list of so-called lucrative businesses. Business investment acumen is a skill to be learnt with time, therefore do not be deceived into easy business deals for starters. Lots of people burns their fingers daily meddling into business without having the ethical business approach. In the world of business the simulation are done with real capital. Putting your money where your mouth is the a pre-requisite orientation to a good start.
What to invest in is endless, the clue here is it must be profitable and also right investment. The reward of an entrepreneur is profit, this is the first and best bait to draw you into the wrong choice of investments. It is not every profitable venture that must be invested into by you at any point in time, mark my word "by you" and "any point in time". This simple yet scarce knowledge has dug the pitfall of many investors; they just invest after going through the business financial analysis. Most times they fail but scarcely succeed, their blame is always given to the "business-demons" in Africa.
Intuitively "by you" emphasises on personalising the character of investor against the investment. You cannot invest into your allergic nature in life and expect maximum success. The inner drive relativity is important for business sustenance and longevity. You cannot feel indifferent and out of place yet make waves in it; the first thing if you must do it at all is to love it. Your business is your lady; don't marry her if you don't love her.
"At any point in time", the philosophy of time is also foremost in investment. Time and season rules the universe, economy and politics changes the language of investment. You must be able to understand, predict analytical and conscientiously what the trend might be for your 'thriving' ideas, new project or investment in the next one to five or ten years down the lane. If it has no future, it is no business. The wit and knowledge to accurately see ahead before investing cannot be traded off for instance profit.
There are other skills to be horned before making your investment decision but the ones here mentioned are mostly lagging in majority of investment decisions. The fact that most textbook do not teach this is bent on the fact that successful business men authoring business books ignored it. Ignorance is not an excuse, if you invest and loose go back to the drawing board to do it rightly.
Re: How To Know What Business To Invest Into by ernal1: 1:12pm On Mar 09, 2013
Nice Education on business

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Re: How To Know What Business To Invest Into by yeye4live(m): 11:56pm On Mar 09, 2013
nice 1

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