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Top mistakes traders make in their early days
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[QUOTE="Richee84, post: 254016, member: 42448"] Business owners or entrepreneurs make a lots of mistake during the early phase of their business. Some of the common business mistakes made by business are highlights below Not having a good business plan to follow; Business plan is one critical aspect that every business owners or entrepreneurs must take very serious and follow strictly for the buses to be successful. Business plan served as the manual for the business, it contain everything things that will make the business fully operational ad even till when the business eventually wind downir operation. Another common mistake made by must busiest owner is the mistake of over trading. This usually happened when the business is make some form of profit and been carried away by the level of the profit they are make and don't know when to pull out of such trade. Lack of Risk management is another mistake that can be too costly for business owners and cause their down fall. Every business owners or entrepreneurs must learn how to calculate and manage their risk. They should be able to know their level of tolerance for a particular risk and know the ones they can avoid. Another business mistake is lack of proper or good mentor to guide one in the journey of entrepreneur with their acquired knowledge and skill [/QUOTE]
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