In putting up a risky business, it’s not enough that one is truthful, sincere and kind. One has to be smart too. Not all ideas that seem well studied, carefully planned, scrutinized and analyzed, turn out good.
Even with the best of ability, preparation, and sufficient capital, things don’t always happen the way they’re expected to be.
Be patient. A business must be nurtured through the years to reach the level of sustainability and stability.
When you jump into something seeing only the benefits and missing out on the tremendous risks, you could get into trouble even if you are not doing anything bad at all. The risks could go beyond the financial losses. It could destroy your name and integrity.
Hasty decisions, pride, innocence, too much trust in other people and hardheadedness are all dangerous traits of young people that could spell trouble. Lack of knowledge, uninformed judgment, could have far reaching repercussions.
Yesterday I felt sad because the walmart superstore in the town where i used to live is closing down. Many filipinos i know work in there, from the pharmacy to the floor. So i asked my friend who worked there before, she said the announcement ws very sudden. We’re just at the bottom of something so big that is unfolding. China may seem going down but they are now together with russia trading in their currencies and dramatically leaving the dollar. The world is changing with their AIIB to rival IMF and WB. WHo would have thought oil wil go down less than 30$ a barrel? Many oil states like alaska are having budget billion dollar deficits. Ofw in qatar are now being warned to prepare for a getaway bag, just in case they have to leave just like filipinos in Libya. The u.s now looks having a good economy at 19trillion$ in debt a very high shoot up since obama came to office. This is now the consequence of Quanitative Easing just to bailout the 2008 crisis. They did not allow the market to bottom, they lowered interest rates even to negative, so now in 2016 trying to raise interest rates has become a big mistake because there really is not much gain in profit. China, russia, india are buying gold like crazy because as i see it, the world will go back to the gold standard where money will be backed with gold again. Ayan pwede naman tayo bumili ng ginto paunti unti katulad ng pagbili din ng mamahaling shoes, bag at damit.