The Factor where people lose their Money : Decision Making || Part-1
Welcome Hopians. I am sure you all are fine and doing well.
Here i would like to thank @crypto.piotr to continuously keep the community moving. I had been off-site and offline both for long but now would be back with interesting topics for all of you.
Apart from technology, i have now basically shifted my interest towards handling the business first because even if you know the technology very well but you have no idea or lesser idea of how to sale and manage that, i think others will definitely make a better use and defeat you using your own project.
It is gonna be a topic for long so i would be distributing it into 3 parts and in each part we would discuss different points.
For today, it is gonna be "DECISION MAKING".
So Let's Get Going With It.
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This comes out as one of the biggest reasons of why people lose their money. DECISION MAKING! Yes, it is that important.
Sometimes, what happens is that people often forget the important marketing aspects and let their emotions derive their decisions. They see that a company invested and got profit, their advisors offer them to give that a try and hence the company doesn't think of future circumstances and invests blindly in the project. What happens after that, sometimes you do make a good profit or a non-profit deal but not every company can make profit at a place where others have made. Sometimes the product that you are making or the services that you are providing are not just capable enough to deal the customer's requirement.
Decision making is an important asset in the field of Business. For instance, we can ponder this over the example of following the mentality of Herds, It is one of the worst and most depicted but followed behavioral financial errors. It holds its place whenever you follow the investing crowd.
This kind of issues are regular to occur and are of no surprise when you just want to relax and earn and you let go the hard work just by following the steps taken by some other people. These are decisions based upon whatever the choices are being made by the objectified group of people that you are following keeping aside your calculations and evaluations.
I hope you guys give it a read and we expand this post using comments as a discussion panel. Hope to see all of you there :)
I thereby assure that this post is plagiarism free.
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Good Topic and very nice explaination . 💓@haidermehdi
Agreed . Good Decision making specially on right time , leads a business towards success
Yes @rashid001.
I hope this helps in some manner :)
@tipu curate
Upvoted 👌 (Mana: 4/6) Passive income || Compare APR
Thanks Man :)
Happy to see you around.
In business matters it is truly important to know how to think twice before making any decision at all, decision making controls the entire business affair.
You are right on point. Thanks for reading.