Tuesday, December 29, 2015

Mother Knows Best: 5 Ways Your Mom’s Advice Can Help Your Business

“Mother always knows best.” We’ve all heard this saying before.

Whether she’s kissing a boo-boo or fixing up a meal that just hits the spot, Mom always seems to know the right thing to do in any given situation.
So, it’s no surprise Mom’s advice could actually apply elsewhere. Here are five pearls of wisdom worth listening to while dealing with business:

1. Money doesn’t grow on trees.

If it did, you wouldn’t need to be in business in the first place. Since you’ll have to work and earn every dollar you make, treat that money with respect.
Remember the feeling you had when you made your first sale? Hold on to that. If you lose sight of the value of your money, you’ll find your business starting to spiral out of control.
An easy way to save up is to set a budget in advance and stick to it. Even if you have an unexpectedly good month, by resisting the urge to spend (or reinvest) it all right away, you’ll be better prepared to ride out future bumps in the road.

2. If everyone jumped off a cliff, would you do it, too?

As absurd as it may seem, we actually all fall victim to this line of thinking at one time or another.
Whether it’s a new multi-level marketing scheme, trendy stock or hot investment property, the world of business can often devolve into a “monkey see, monkey do” process.
Resist the urge to dive into something you know nothing about when it’s the “flavor of the week.”
Remember: Just because someone else turned a profit, it doesn’t mean you can expect the same results.

Read more at:Elitedaily

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