Business as a journey- phase 2

3. Practice positive pessimism
Pessimism is not all that bad as presumed by many folks. In business, it has its usefulness  as well. Pessimism allows you to perceive potential problems even before they take place. It might sound crazy but an entrepreneur should practice some degree of pessimism.

However, this pessimism should only be used to ‘identify problems’. This pessimism is to be practiced with the positive thought that any problem that arises can  be resolved. Every entrepreneur  that has an eye for risks must possess this ability.  Axiom: Learn patience!

4. Always Think ahead

An average person sees the past and the present time but an entrepreneur thinks ahead and imagine what lays await in the future.  Even the bible acknowledges that, the wise man's eyes are in his head; (Eccl. 2:14) .And to do this, an entrepreneur puts into account things like current news, trends, patterns of changes "he observes the wind of change".
As an entrepreneur you must know what to anticipate and also know how to take advantage of the situations for your own benefit.
Example; A business man will acquire a piece of land neglecting its present look having known the potential value of the land. He'll do this with the knowledge that the area will be developed in the nearest future. Which means more profit by just been smart!
Axiom: Develop a nose!

5. Practice prudence

Never take a step without  thinking things over first.

This is called prudence. An entrepreneur does not recklessly jump into a business venture. He does not make business decisions based on whim rather he researches first, conducts several studies, and thinks things over and again before moving into action. Make reasons the backbone of your actions.

Axiom:  Never act without a plan.

Business as a journey- Phase 1

 Welcome to the first phase our business tips. Just as promised we deliver tips that     will  surely grow and make your business stand out.

                       Lesson 1: Think Like An Entrepreneur

1. Have a keen eye for opportunities.

Successful entrepreneurs have one thing in common - they have a keen eye for opportunity(s). An entrepreneur looks and sees the world differently. Instead of problems he sees ‘business opportunities’, in place of waste he creates wealth.
Illustrating this truth further, you'll agree with me that an average Nigerian or even African would complain bitterly when he/she can't find a supermarket/store around . But an entrepreneur sees profit and of course an opportunity to open a profitable convenient store.
Keep your eyes open for such opportunities and have the courage to grab it when it comes.

2. Practice careful optimism

Be optimistic. This means that you should have a positive outlook. A positive thinking brings forth many possibilities. However, optimism can lead to problems if misused. Do not let your ‘optimism’ blind you from seeing problems just because you want to have a positive way of thinking. Be optimistic. However, you should exercise ‘carefulness’ at the same time. This is careful optimism.
*Nugget: Never get blinded by zeal to act foolishly.*              ...to be continued