What got me started with business

What got me started with business and finances?

I think that it all started after I’ve read Robert Kiyosaki’s first book “Rich dad, Poor dad”. Although this book is rather vague on advice and is mostly biased towards real estate, I believe its greater value is it being an eye opener about for many people I know. For someone growing in a working class family, the businessman “thinking” is something new. And in my opinion this book shows it well, since it compares the thinking models of businessmen and working class so well. It also emphasizes the need of financial education, which I also lacked.

I’ve also always been somewhat interested in business since I’ve been reading about businessmen here and there and I liked many stories which showed how some smart people making smart decisions could make a big change in business. I also understood that almost only business people could reach the stage of being rich enough to live comfortably. Of course, some people working for a boss earn big salaries as well, but they’re most often business people, too, even if not business owners themselves.

So I started to learn the stock market trading. Coincidentally, I also started to work at around the same time and so had some “free” money that I needed to invest somehow. I’ve started pretty aggressively with low priced stocks thinking they will rise based on advices from internet and little research. Fortunately, I had enough persistence (or stupidity) to hold them through tough times when they were low and wait till they rose well. In short, I had more luck than brains. I now know that although patience is a very important property for an investor, the ability to cut losses short is a more important one, and it is more difficult to master because of some psychological quirks.

Lessons learned

• Financial education is important in order to achieve financial success
• Basic business education was needed for me

Actions

• I’ve started to read books on financial education, entrepreneurship and coaching.
• I’ve started to learn stock trading as an easier way to learn about finances in practice

My next step was day trading and I’ve had my share of lessons there.

Diagram

Thoughts aside, Small business lessons can be helpful in knowing about first home business that can be done on internet. For such home business, home loans are provided by many online companies. Small business lesson will tell you about different cheap loans. These cheap loans hold less rate of return and is more useful than mortgage loan. Online companies are serving for small business loans and have fewer debt restructuring rules. All of the companies providing small loans took creditcard help in order to exchange loans. Other than business loans, companies are providing tourism loan through travel credit card.

---

Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically each day to your feed reader. If you don't have a feed reader, you can always have these articles delivered to your email inbox every day. Click here to sign up.

Small Business Lessons | Powered by WordPress | ElegantBlue is a custom theme by Nathan Rice