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5 Costly Mistakes People Make With Business Investments by Opinionated: 2:25pm On Jul 06, 2017 |
It’s too easy to make costly mistakes with business investments, especially when you are not armed with the right information and knowledge to guide you. Jumia Travel, the leading online travel agency, shares 5 costly mistakes people make with business investments. Investing Money They’ll Need Soon Avoid these kinds of investments that are just based on speculation and market timing. If you are setting money aside for a goal, the money shouldn’t be considered or used for sudden and unplanned investments, especially those that are likely to keep your money on lockdown for a long period of time. You can easily end up regretting it when important and time-sensitive expenses come up. Not Doing Their Homework Before investing in any business, it is extremely important to do your homework and research to know the ‘ins and outs of the underlying business’. It is important to understand how the business grows, makes profits and basically, the rubrics of the business. Before engaging in any business investment, you should always remember Peter Lynch’s investment maxim, which states clearly that you should ‘Invest in what you know’. Neglecting Legal Counse[/b]l Neglecting legal counsel on business investments is a highly risky, and it can result in damaging consequences. A lot of first-time investors believe that lawyers are just out to get their money, and while that might be partly true, the legal counsel from these lawyers are also very valuable and vital in protecting your interests and resources in any business investment, especially if things unexpectedly go wrong. For example, consider the case of a designer that unknowingly signed a contract that gave her handbag company the trademark to her name. When investors eventually came in, her company name belonged to them, and she was pained by the fact that she could no longer use her own company name. She wished she had gotten a lawyer to give her proper legal counsel. Therefore, it is very necessary to get the right attorney who understands your business goals and can protect your interests well. [b]Being Emotional With Investments Mixing emotions with business or money can be very costly, you need to remain as focused, logical and rational as possible. Don’t be an investor that invests without tangible information or evidence, and don’t be an investor that invests based on a hope or desire that things will pull through or get better. Think well and be logical and rational about investments. The two most important emotions you should guard against in making business investments is fear and false hope. According to Aol Finance, basic signs of an emotional investor include: holding on to a failing stock thinking it will come back at some point; selling a stock at the first sign of a loss; and being glued to the financial news cycle. Procrastinating Investments Try to avoid not investing early enough because all it really results in is losing good opportunities to grow your money. Stop with the excuses that make you postpone investments, and just do it. Source: http://www.opinions.ng/costly-mistakes-business-investments/ 7 Likes |
Re: 5 Costly Mistakes People Make With Business Investments by Franzinni: 3:49pm On Jul 06, 2017 |
I am FTC... Is this how d the thing sweet? I no even know what to write... Weda to begin curse all those that said I will never achieve anything in life? Started from the bottom... Now we here!!! Ehen make i come comment... Well... I am guilty of many of those in that list... Aren't we all. 3 Likes |
Re: 5 Costly Mistakes People Make With Business Investments by jaytime(m): 3:49pm On Jul 06, 2017 |
Noted. But that number 1 point; I believe after due cost-benefit analysis it is known that the expected ROI far outweighs whatever the money was kept for, it could be wise to jump in to invest the money instead of allowing to be redundant, waiting to be used in future. 2 Likes |
Re: 5 Costly Mistakes People Make With Business Investments by Jaytecq(m): 3:49pm On Jul 06, 2017 |
nice piece |
Re: 5 Costly Mistakes People Make With Business Investments by elog(m): 3:49pm On Jul 06, 2017 |
True. This is quite accurate. |
Re: 5 Costly Mistakes People Make With Business Investments by Candybob(m): 3:49pm On Jul 06, 2017 |
On Point |
Re: 5 Costly Mistakes People Make With Business Investments by pautex: 3:50pm On Jul 06, 2017 |
Re: 5 Costly Mistakes People Make With Business Investments by Nobody: 3:50pm On Jul 06, 2017 |
hmm... hmm... |
Re: 5 Costly Mistakes People Make With Business Investments by Ekakamba: 3:50pm On Jul 06, 2017 |
Ba karya!! You don't wanna get sick? Check my sig. |
Re: 5 Costly Mistakes People Make With Business Investments by favelli(m): 3:52pm On Jul 06, 2017 |
Good to know.. nice info |
Re: 5 Costly Mistakes People Make With Business Investments by fiftynaira(m): 3:52pm On Jul 06, 2017 |
Have u seen my beautiful (goldbim)baby?? |
Re: 5 Costly Mistakes People Make With Business Investments by Bern1992(m): 3:53pm On Jul 06, 2017 |
Very good and valid points. Home work is the most important thing. |
Re: 5 Costly Mistakes People Make With Business Investments by PointZerom: 3:53pm On Jul 06, 2017 |
Nigerian lazy youths and gamblers over to you. |
Re: 5 Costly Mistakes People Make With Business Investments by whitebeard(m): 3:53pm On Jul 06, 2017 |
Being emotional with business, who does that... lol |
Re: 5 Costly Mistakes People Make With Business Investments by phemsie(m): 3:54pm On Jul 06, 2017 |
fiftynaira: Hier: favelli: Ekakamba: netoc65: pautex: Candybob: Franzinni: see them space bookers 1 Like |
Re: 5 Costly Mistakes People Make With Business Investments by Hier(m): 3:54pm On Jul 06, 2017 |
Space for sell, wait, space as how |
Re: 5 Costly Mistakes People Make With Business Investments by Hier(m): 3:55pm On Jul 06, 2017 |
phemsie:Looool, fastest finger and fastest network |
Re: 5 Costly Mistakes People Make With Business Investments by Goldenheart(m): 3:57pm On Jul 06, 2017 |
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Re: 5 Costly Mistakes People Make With Business Investments by Franzinni: 4:05pm On Jul 06, 2017 |
phemsie:bros.. I had to book it.., you self come book, as space nor day... You come turn self appointed class captain... I day sip the alomo. For my FTC... Nor use your makosa. Spoil my hiphop. Abeg. Abeg... |
Re: 5 Costly Mistakes People Make With Business Investments by darlenese(f): 4:06pm On Jul 06, 2017 |
and also avoid being too spiritual. separate your business money from your personal money. (that has helped me alot) 2 Likes 1 Share |
Re: 5 Costly Mistakes People Make With Business Investments by Candybob(m): 4:11pm On Jul 06, 2017 |
phemsie: Lol.. As i see oportunity for FTC, I pounce like Tiger. But these guys above me ehn! they no get chill at all |
Re: 5 Costly Mistakes People Make With Business Investments by Rick9(m): 4:14pm On Jul 06, 2017 |
Nice |
Re: 5 Costly Mistakes People Make With Business Investments by Adegbe22: 4:15pm On Jul 06, 2017 |
Opinionated: |
Re: 5 Costly Mistakes People Make With Business Investments by opalu: 4:24pm On Jul 06, 2017 |
Hmmm |
Re: 5 Costly Mistakes People Make With Business Investments by generaluthman: 4:46pm On Jul 06, 2017 |
NICE 1 |
Re: 5 Costly Mistakes People Make With Business Investments by Olibboy: 4:58pm On Jul 06, 2017 |
Call me investor |
Re: 5 Costly Mistakes People Make With Business Investments by Olibboy: 5:00pm On Jul 06, 2017 |
darlenese:Do not calculate your capital with interest. That's a separation technique 2 Likes |
Re: 5 Costly Mistakes People Make With Business Investments by Jmodel: 5:16pm On Jul 06, 2017 |
jaytime: No matter what d ROI is u must not try it. Cos 70% if investment will turn out sour. Even d bible said it in ecc11:1-2 |
Re: 5 Costly Mistakes People Make With Business Investments by goldbim(f): 6:56pm On Jul 06, 2017 |
fiftynaira:no be small thing!goldbim is fine o.how's work and life generally?thanks for checking on her ..you rock!! |
Re: 5 Costly Mistakes People Make With Business Investments by fiftynaira(m): 7:07pm On Jul 06, 2017 |
goldbim: Me rock?? I wan be stone 1 Like |
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