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Warren Buffett's 5/25 Rule

▪️Make a list of 25 goals that you want to achieve

▪️Highlight the 5 most important things and start doing them

▪️Forget about the other 20!

Otherwise, they will distract you from the most important things!

✅ 3 signs of a failed startup

✅ Young startupers, take a look at these three unusual mistakes businessmen make when starting a company:

✅ Dividing the brand into parts. For example, the CEO decides to create a separate resource for a new product range, risking losing existing customers who are accustomed to this service.

✅ Incorrect market assessment. An error in such calculations will lead to loss of time and resources. Take a look: if you rely on products that no one is looking for, this can reduce the effectiveness of promotion.

✅ Focus on ideas, not on solving customer problems. Startups forget that the main “headache” of business is not innovation, but solving customer needs.‌‌

⭐🕊‌‌

Three tricks that will help even the most indecisive people make a choice👇

▪️ Stop collecting information in time

Information is important, but the more data, the more confusion and doubt. In addition, research itself takes time and effort. Therefore, at some point you need to say “stop” to yourself and limit yourself to the knowledge that you already have.

▪️Set a deadline

The lack of an exact deadline makes you endlessly doubt, chew on the same information, worry - and postpone the decision.

▪️Make decisions in the morning

The researchers concluded that at the beginning of the day and after a break for rest, judges make more balanced and adequate decisions than in the evening, when they are tired and confused.

SOME LESSONS ON FINANCES 💯

1. Must have EMERGENCY FUND - enough for 6 months of expenses/current lifestyle.

2. SAVE MONEY and MONEY WILL SAVE YOU. Don't save what is left after spending. Only spend what is left after saving.

3. Best to have ZERO DEBT, if you can't pay cash, you CAN'T AFFORD it, nothing beats PEACE OF MIND.

4. Avoid unnecessary spendings, forget sale price, everything is 100% off when you don't buy it. Don't waste your money on things that you don't need, even if they are cheap. EVERY PESO COUNTS!

5. Learn to BUDGET - it is telling your money where to go instead of wondering where it went!

6. If we buy things that we don't need, we will have to SELL THINGS THAT WE NEED.

7. PRETENDING TO BE RICH can make us poor. Must learn to live BELOW MEANS. Don't go broke trying to look rich.

ACT YOUR WAGE.

8. MONEY IS NOT EVERYTHING, but we cannot deny the fact that we NEED money for our FAMILY.

9. Always have a BACK-UP PLAN for life's uncertainties.

Start having your personal LIFE INSURANCE with INVESTMENT.

10. Let's break the TOXIC FAMILY CULTURE about
FINANCES. Your children is not your retirement fund, and your parents is not your emergency fund.

📱Join 🔣 Share 

FACTS OF LlFE 📚

1. Take risks in your life. If you win, you can lead; if you lose, you can guide.
2. People are not what they say but what they do; so judge them not from their words but from their actions.
3. When someone hurts you, don't feel bad because it's a law of nature that the tree that bears the sweetest fruits gets maximum number of stones.
4. Take whatever you can from your life because when life starts taking from you, it takes even your last breath.
5. In this world, people will always throw stones on the path of your success. It depends on what you make from them - a wall or a bridge.
6. Challenges make life interesting; overcoming them make life meaningful.
7. There is no joy in victory without running the risk of defeat.
8. A path without obstacles leads nowhere.
9. Past is a nice place to visit but certainly not a good place to stay.
10. You can't have a better tomorrow if you are thinking about yesterday all the time.
11. If what you did yesterday still looks big to you, then you haven't done much today.
12. If you don't build your dreams, someone else will hire you to build theirs.
13. If you don't climb the mountain; you can't view the plain.
14. Don't leave it idle - use your brain.
15. You are not paid for having brain, you are only rewarded for using it intelligently.
16. It is not what you don't have that limits you; it is what you have but don't know how to use.
17. What you fail to learn might teach you a lesson.
18. The difference between a corrupt person and an honest person is: The corrupt person has a price while the honest person has a value.
19. If you succeed in cheating someone, don't think that the person is a fool...... Realize that the person trusted you much more than you deserved.
20. Honesty is an expensive gift; don't expect it from cheap people.
Ctto

Some SKILLS That Will Pay You Forever.

1. Ability to sell and negotiate.

2. Ability to convey what you think and feel.

3. Ability to break a process down into smaller steps.

4. Ability to walk away.

5. Ability to manage time effectively.

6. Ability to stay positive and optimistic.

7. Ability to write words to persuade and influence others.

8. Ability to speak in front of a large audience.

9. Ability to keep trying even after failure.

10. Ability to invest money on own.

11. Ability to do things irrespective of situation.

12. Ability to self analysis.

13. Ability to learn how to learn.

14. Ability to understand what others feel.

15. Ability to remain consistent.

16. Ability to master your thoughts.

17. Ability to take decisions based on facts not based on emotions.

18. Ability to ask for help.

10 Lessons from the book
"HOW TO GROW YOUR SMALL BUSINESS" 📚
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1. Entrepreneurship is not for the faint of heart. It takes grit, determination, and a willingness to fail over and over again before you finally succeed.

2. Your customers are the lifeblood of your business. Without them, you have nothing. So, always make sure you're delivering value and exceeding their expectations.

3. Don't try to be everything to everyone. Instead, focus on your niche and become the go-to expert in that area.

4. Hiring the right people is critical to the success of your business. Look for individuals who share your values and have the skills and experience you need to take your business to the next level.

5. Invest in your own education and development. The more you learn, the more you'll be able to grow your business.

6. Keep an eye on your finances. Always have a solid understanding of your cash flow and expenses, and be prepared to make adjustments as needed.

7. Marketing is key to growing your business. Make sure you have a solid marketing plan in place and that you're tracking your results so you can make informed decisions about where to invest your resources.

8. Never stop innovating. Always be on the lookout for ways to improve your products and services, and stay ahead of the competition.

9. Building a successful business takes time, patience, and hard work. Don't give up when things get tough. Keep pushing forward, and you'll eventually achieve the success you're looking for.

10. Remember that your business exists to serve your customers, not the other way around. Keep their needs and desires at the forefront of everything you do, and you'll be well on your way to building a thriving business.