Give all your business expenses a test and give them a letter grade. Then, just like college, figure out whether the failing expenses are worth extra credit work to improve, or if you should just drop them.
Too many people throw themselves into business because of a feeling. But too many get trapped in their business because they never learn how to handle the truth. Understanding a Profit & Loss Statement is how you get to the truth in your business.
You pay your employees to do stuff for you instead of other people. You pay your new hires specifically for impact (maybe even instant impact). You pay your current employees to stay with you because you need continuity.
Multi-Level Marketing is big right now. They are easy ways to make supplement income and become a ‘business owner.’ And they are quick ways to get hopes dash and scammed out of your hard-earned money for the investment. It’s just a matter of doing your research before you join that upline.
Jargon becomes the official language of a business entity easier than you think. But want those working on the businesses tend to forget is your customers and the general population does not know how to translate your jargon into plain speak.
Drug dealers have a product that people will stop at nothing to find a way to pay for. I am not suggesting you add trafficking to your menu of services, but that mentality that your best customers can afford whatever you charge.
It is possible to obtain valuable wisdom from advice that cost you little or nothing to obtain. It is possible that some free advice you receive is not worth the time it takes to process it. Know the worth of the advice you get for free before you install it or consider paying the source for advanced knowledge.