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What I Learnt Early In Business That Changed My Life!!! - Business - Nairaland

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What I Learnt Early In Business That Changed My Life!!! by blackgeneral(op): 8:12pm On Dec 29, 2020
See ehn,

Money is a resource my friends. Don't be tightening your chest when it comes to money.

I thought being frugal was the way forward to making more money sha. I realized that my business

just suffered. Until I heard this Jim Rohn guy say[b] Money is a resource and you have to put it into

use if you want to make more money[/b]. As a business person, you don't have a business saving ooo.

Ensure that $1 is commanding $6, $4 is bringing in $20.

How do you ensure that?!!

Buy assets (stocks and cryptocurrency), invest in social media ads that convert and spend voraciously on

your personal development (Sales and marketing to be precise).

I do hope you find it useful tho
Re: What I Learnt Early In Business That Changed My Life!!! by ehinmowo: 5:19am On Dec 30, 2020
blackgeneral:
See ehn,

Money is a resource my friends. Don't be tightening your chest when it comes to money.

I thought being frugal was the way forward to making more money sha. I realized that my business

just suffered. Until I heard this Jim Rohn guy say[b] Money is a resource and you have to put it into

use if you want to make more money[/b]. As a business person, you don't have a business saving ooo.

Ensure that $1 is commanding $6, $4 is bringing in $20.

How do you ensure that?!!

Buy assets (stocks and cryptocurrency), invest in social media ads that convert and spend voraciously on

your personal development (Sales and marketing to be precise).

I do hope you find it useful tho
What changes did that bring to you? By what percentage has your business improved?

This is a great advise. Under a perfect condition. But we all know the world is not perfect.

A person who reinvests his entire income in his business every time, say warehouse goods or import busineess, would I am sure, nearly commit suicide should fire gulps his warehouse.

I am not an accountant. But I know there are indicators that one needs to consider in business. Should anything happen to any or all available assets, does the company has enough means to replenish the lost assets? If yes, how many times could she do that before she closes shop?
Re: What I Learnt Early In Business That Changed My Life!!! by blackgeneral(op): 8:24am On Jan 02, 2021
ehinmowo:
What changes did that bring to you? By what percentage has your business improved?

This is great advise. Under perfect condition. But we all know the world is not perfect.

A person who reinvests his entire income in his business every time, says warehouse goods or import business, would I am sure, nearly commit suicide should fire gulps his warehouse.

I am not an accountant. But I know there are indicators that one needs to consider in business. Should anything happen to any or all available assets, does the company has enough means to replenish the lost assets? If yes, how many times could she do that before she closes shop?
I can't believe you are bringing this up tho...loool
How can all asset refuse to yield result. If that happens I'm not a spiritual leader....I think that person needs a deliverance.

I may not be good with numbers but I really experienced a growth of 50% with that knowledge
1 Reply

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