My Business policies that Helped me grow over the Years

Hello everyone in this awesome community,

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I hope this Post met you all well,
One big important thing that make life easier or Good is Having money. Except you are living in the Stone Age or the Era of Trade by Barter, then Money won't be important, but in this present time when Everything basically runs with finance, you have to have something doing that fetch you money or your life will be miserable.
This is not an understatement,but you can still have money and your life will still be miserable too, depending on the Contexts, for example if you have money but your health is poor, or you have a life threatening illness that even money can't cure. You can still have money and then you have little or no financial literacy and then then money with you is good as nothing.
Financial literacy can be defined as the ability to understand and apply different or various financial skills effectively, this includes personal financial management, budgeting, and saving.

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Financial literacy usually makes an individuals become self-sufficient, financially stable and accomplished.
Most of the Top business men equip themselves well with knowledge and practices that have made their business grow on a Large scale.

Okay I have some few tips that can help you as a young Enthusiastic Entrepreneurs to a big Business empire.

Good Financial practices

1. Be Goal Oriented:
   Most you people starting a business usually care less about Getting a well stated goal down (Your Budget, Expenses even amount set for Loan and MISCELLANEOUS), and how to achieve them, with effective ways of evaluating their progress with their goals.
   Believe me, if you don't have a goal, a target or anything that drives you towards what you want to achieve, you might end up not being success, in debt or worst go bankrupt.

2. Learn, unlearn and Relearn
   Be Ready to always improve on yourself and your business, don't get satisfied with whatever you are earning so Learn from people that are doing better than you, Get books, have mentors in the business, be ready to change your approaches towards the business.
   If you tried a method that didn't work for you, try another one.

3. Be Disciplined
   Set a Budget and stick to it unwavering. even when emergency came make sure there is a fund that you budgeted for it.
   In your savings be disciplined,for loan don't collect loans that might lead you to debts, if possible avoid loans.

4. Invest Invest and Invest!
   In business, don't forget to invest into some other things that can yield profits too, for example I remember when I ventured into the storage business. This is a process of buying some Farm produce like Bags of Rice,Beans, Cassava flour and many other, you buy them cheaply during the time of early harvest and then you see it after some months whenever the prices got higher, I stored like 30 bags of rice then I was able to make 50% gain. Just be an opportunist and don't procrastinate, hold that opportunity by the neck lol

5. There is no friends or Relatives in my business
   This is one of the tips that have kept my business running even after so many of my colleagues closed Down.
   No form of collecting of credits or any other practices that can kill the Business. DON'T MIX PLEASURE WITH BUSINESS.

6. Have a mentor and associates
   Rome wasn't built in a day.
   It takes a lot of teamwork and constant guidance to be successful. Have a Mentor in the business.

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In Conclusion:
There are a lot of other practices that can help you grow your business or finances.

Thanks for Reading

Have an amazing day.