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Four personal finance mistakes to watch out for
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[QUOTE="btaliat, post: 252835, member: 26390"] There are so many business owners that have failed in their pursuit just because they are not careful while pursuing their business. A business man should always have the foresight on some problems that may likely to happen. And he needs to have made some provisions in order to get these problems. Some of the common business include Competition: there is no doubt that there will be competition in business. It is not possible for a business to enjoy full monopoly for Long. The mistake that some business men make is that they don't always plan ahead on how to get the issue of competition solved. There are many ways this can be done. And a good and foresight business owner must have planned ahead on how this can be done. Not keeping records: most people don't keep record on how their daily transactions go. They don't have the record or keep proper record of their daily transactions. This won't let them know whether they are making progress or not. Nit only for this reason, no financial institution will take them serious if they want to borrow money. Spending lavishly as the poster has said is another reason that can make a business sinks . [/QUOTE]
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Four personal finance mistakes to watch out for
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