Your biggest lessons so far as an entrepreneur

[eldavis]

The biggest lesson i have learnt so far as an entrepreneur is that humans always change when money is involved, that's when you get to see their true character. What have you learnt so far?

 

[Ebutech]

Have learnt patience, always have an accomodating heart, expect the worst and hope for the best, because humans can be very annoying most times, so you just have to play by the game.

The biggest lesson i have learnt so far as an entrepreneur is that humans always change when money is involved, that's when you get to see their true character. What have you learnt so far?

 

[eldavis]

Have learnt patience, always have an accomodating heart, expect the worst and hope for the best, because humans can be very annoying most times, so you just have to play by the game.

Hmmm patience is indeed golden. Its one thing every entrepreneur should have.

 

[Starmix]

I have learned not to trust someone right away in terms of money related trust like borrowing money with a promise to pay within a month but many months passed and no payment at all.

 

[Golden9]

The importance of consistency cannot be underestimated. Most businesses would succeed simply if the owners held on a bit longer and worked harder at it.

 

[oldbuddy]

Avoid PayPal like a Pandemic, but I defended them for 20 years until the pointer landed on me and they froze $1,100 of my money for six months and kept $200 of it with no reason.

 

[Shavkat]

For me, the best learning is not to kind in business. If you do this, people will abuse your kindness and it will affect the business.

 

[Magnus2022]

I learnt that business success is determined by location and capital or fund. If your business is not in the right place, forget it.

 

[uptrendfinancialsignal]

The biggest lessons I learnt so far as an entrepreneur is to never take loans that would be difficult to pay back.

 

[stan358]

As a new business owner starting a business for the first time, it is advised that you do not borrow money to start. Always start with your personal savings and capital..

 

[Starmix]

It is also not advisable to do business through a loan. The interest of the loan gives you headaches.

 

[timewo]

Top tech and internet companies lack honesty, humanity and corporate ethics, they openly rewarding massive online, financial fraud, slavery of online workers, investors.

 

[Golden9]

As a new business owner starting a business for the first time, it is advised that you do not borrow money to start. Always start with your personal savings and capital..

This should be common sense but lenders actually encourage new business owners to take loans, then hound them later for repayment. Starting small with your own money should be the way to grow a business.

 

[King Belieal]

My biggest lesson so far as an entrepreneur is that every business person needs a very strong network if they want to thrive.

 

[Ratine]

As far as l am concerned, l have learned that in business there is highs and lows in business.

 

[stan358]

Starting a business requires planning and research. The biggest Challenge of any entrepreneur is the problem of funding and capital to grow and expand the business.

 

[Unyime]

My biggest lesson as an entrepreneur is that one should always safeguard the their capital because of it is touched, the business can easily go down.

 

[stan358]

My biggest lesson as an entrepreneur is that one should always safeguard the their capital because of it is touched, the business can easily go down.

Proper financial records are very important in keeping your business going. When account are not kept clean it could lead to bankruptcy..

 

[Unyime]

Proper financial records are very important in keeping your business going. When account are not kept clean it could lead to bankruptcy..

I had once touched my business capital hoping to replace it from an external source later. Never was able to. And the business closed. Had to start again.

 

[stan358]

I had once touched my business capital hoping to replace it from an external source later. Never was able to. And the business closed. Had to start again.

Most people do not practice financial discpline when it business matters are concerned. And this is why most businesses fail within the five years of establishment..