Some factors to consider if you don't want your business to hit downtrend - An important guide in business

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When it comes to business, just get prepared that the smallest mistake you will make will surely send you to your ancestors. By ancestors, I mean early grave, you think I am kidding here, I am not. Just prepare for the worst when it comes to business. The business world is just your battle ground, the ups and down is normal. This is what leads to the everyday experience.

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They are people out there who are running their business and when you see them, you will think that all is good only to get close to them and discover that it is not exactly what you are thinking. They are definitely passing through the business heat. When it comes to business, everyday is just another day for you to keep trying, there is no body at the top. Don't think because Emeka is the best business man in the world, that doesn't mean he is not passing through the ups and down which you as a business man is passing. The difference between him and you is the ability for him to keep up with consistency. Consistency has to deal with continous pushing and chasing the dream. Never letting your failures overriding your success.

The above is one logic I learnt from successful business men. If you go around talking about your failures, you might end up talking to potential investors who thinks you are making it big and wanted to invest in you. When they hear what you keep saying, they will not want to associate themselves with you. They will see to it that you are not capable to handle business at all. This is why it is important that whatsoever things you are feeling in business, you should know how to let it out especially if it is not something positive from the business.

An encounter with Mr Philip

While learning the business basic guide and how to be successful when it comes to business through various business seminars, I came across Mr Philip, who lectured/educate me on his own quote on how he deal with his own downtrend.

When I met him, he went ahead to letting me know that when your business hits downtrend, you should not consider that as the end of the world. In fact, put on your best smile and let the world see that you are doing just fine. Just like what I mentioned above, when your business is passing through difficult time and you let the world knows about it, panic will set inbetween your investors.

What I mean by panic in the mind of the investors is that they will think that the worst want to happen to your business and their stake, remember nobody wants to lost his money. To show how truthful I am, those who are into cryptocurrency can relate to this. Do you know immediately somebody announce that Bitcoin will crash, you will see people doing panic sale, now, this will allow it to fall drastically than the stage it ought to be.

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Assuming there is no way to monitor the Bitcoin and we all keep withdrawing and Investing blindly, do you know that it could have gotten passed the stage it is today. Immediately we all have a tool to monitor the progress and downfall, we tend to be extra careful and withdraw immediately we noticed any funny move. Now your business is just like that, do you know that the moment you started letting the world knows about the challenges your business is facing, that is the moment your investors will start backing out. They will at this point thinks you are not worth investing on.

Some factors to consider if you don't want to get hit by downtrend in business

To avoid anything that will liters your business, you have to consider the below factors, they include;

  • Stop talking about your business short comings: When your business has issues, treat it exactly the way you will treat it when it is hitting high. Never allow your investor to know about the issue you are having. Even though you want to let them know, make it selective. While to those people who are just mere fan of your business, don't let them knows anything relating to downtrend if you are experiencing such. That will surely scares away potential investors from your business.

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  • Save for the rainy days: All business has that day that is not appealing. The big question is when this happens, what will be your stand? Will you be out of business or still standing tall. This is just the major reason you have to make sure you are saving for the raining days so that when you got hit up, you will see what to use as back up.

  • Innovative and Invention: Creativity is something that takes business into a good height. When you are inventive or innovative, your business will surely have more investors. Just imagine following up with trend. Just imagine if #Alibaba is still operating in his old store up till date, will the brand grows? The answer is simply No.

  • Maintain the no credit slogan: This slogan should be practiced strongly. You should not be sentimental while doing this. You should learn to make sure that you apply this to your families, friends and customers. Nobody should patronize you on credit. If you can keep to this, your business will hardly hit downtrend.

From the above, I know we have learnt some basic guide to consider if we don't want our business to hit downtrend. They are more to it and I will be discussing about it on my post as time goes by. Stick to this and allow it impact your every day business life.

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  • If you love my post, feel free to comment and also support me, it will help to get me motivated.

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So much qaulity tips one must consider in which you have shared in this post

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