When I say “new investors”, I actually mean potential investors. You might not know it but you don’t have to be the guy in a suit, working downtown and shifting stocks in order to get profit from the finance part of the business. All you need to do is have some staring capital for investing. That qualifies you to create some interest with just a few smart tips from the inside.
Information – if you are a new member of the investment front, you are probably looking for all ways to gain an edge and figure out the best way to see your efforts bear results. If that is so, you might have been walking towards the trap that is financial media news. Depending on the information delivered solely by news and financial expert outlets accessible to millions of other people is a problem by itself. By the moment you hear of a great offer or a new trading trend, it has already been compromised by thousands of others and the news as such is useless.
Feelings – when you are asked “Business or pleasure?” – it is done so in order to establish the nature of your approach to a certain subject being discussed, it is either one or the other. Emotions and obligations seldom create a successful blend, at least in the case of business world. When engaging in decision making processes, it is important to do it clear headed, without or with as little influences possible. Getting the emotions out of the way will help you stay focused on task, evade mistakes driven by emotional side of your mind and overall lead a successful business.
Stating ground – once you decide on your business model and direction, you need to stay on it and follow through. If the business model or direction is compromised, by all means, be flexible, but defy the urge to follow fads of the moment. Many people and their businesses have been put under by the shortsighted blind trend following, which caused their enterprise to wither along with the given trend. Always tend to ask yourself is the change in your course caused by a real necessity of the moment or were you fooled by the decisions of people around you. They might be right, or they might be following a trend – distinguishing between the two in your own mind will save you a lot of trouble.
Spending – there will always be a point, hopefully, when you get it going. The moment when you can sit back in your chair, count the merits and say – “Yes, we have made it”. At that point, it is crucial to control the urge to spend and celebrate, since quirks such is this one proved to be the doom of many an entrepreneur before you. The same rule should be exercised when spending the company money. Just because you are in the position to spend does not ad hoc mean that you should. Remember that.