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spencer

Enlightened Mentor
Ask spencer
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902 Questions
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  • About
  1. Asked: September 16, 2023In: Money & Business

    How can I develop my business negotiating skills?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 28, 2024 at 4:56 am

    Whoever needs the other the least has the most power, this is the Hallmark of every negotiation, no matter how confident, salesy you are if you need the other person across, then it's going to be hard for you to negotiate. When things don't go according to your plan, learn to walk away, do not be deRead more

    Whoever needs the other the least has the most power, this is the Hallmark of every negotiation, no matter how confident, salesy you are if you need the other person across, then it’s going to be hard for you to negotiate.

    When things don’t go according to your plan, learn to walk away, do not be desperate to make a deal happen, that’s how you make deals, everthing else is just hogwash, this is all you need to kill it in negotiation.

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  2. Asked: August 9, 2023In: Money & Business

    How to maximize your income working as a security guard

    spencer
    spencer Enlightened Mentor
    Added an answer on June 28, 2024 at 4:51 am

    You can go work as a bouncer in a nightclub or if you have extensive experience in the business, start your own security outfit and see how it goes, you'll just have to deal with business registration or find ways to get another shift you can be working from. These are all ways to increase your incoRead more

    You can go work as a bouncer in a nightclub or if you have extensive experience in the business, start your own security outfit and see how it goes, you’ll just have to deal with business registration or find ways to get another shift you can be working from.

    These are all ways to increase your income, or you can go start from a different industry if you’re tired from security work.

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  3. Asked: September 29, 2023In: Money & Business

    Financial management is a make-or-break aspect of startup

    spencer
    spencer Enlightened Mentor
    Added an answer on June 28, 2024 at 4:46 am

    I have seen a lot of cases where a startup raise a significant amount of money in funding but ended up closing the business before it can even turn a profit, it is important to pay attention to your finances especially if you raise money* because the money isn't your own. That's why some business owRead more

    I have seen a lot of cases where a startup raise a significant amount of money in funding but ended up closing the business before it can even turn a profit, it is important to pay attention to your finances especially if you raise money* because the money isn’t your own.

    That’s why some business owners hire a CFO to handle their finances and balance their financials to reduce overhead and make sure they’re still in business.

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  4. Asked: September 27, 2023In: Insurance, Money & Business

    what is a Future of health insurance?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 28, 2024 at 4:41 am

    There'll certainly bebnew products in the market, some industry giant might decide to disrupt the business and create a new way of doing stuff, might be getting medicines, laying claims etc. Every new decade there will be a disruption in most industries and insurance is not going to be different, beRead more

    There’ll certainly bebnew products in the market, some industry giant might decide to disrupt the business and create a new way of doing stuff, might be getting medicines, laying claims etc.

    Every new decade there will be a disruption in most industries and insurance is not going to be different, best thing is to prepare for it and keep on upgrading your skillset.

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  5. Asked: April 28, 2024In: Money & Business

    How do you determine feasibility of a business?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 28, 2024 at 4:21 am

    You determine the feasibility of a business by calculating the numbers and see if it is achievable, if you have a business idea, how much do you have to spend before it turns a profit, if you have the finances and can go for it then why not? Else, if your calculations is wrong, do not bother with suRead more

    You determine the feasibility of a business by calculating the numbers and see if it is achievable, if you have a business idea, how much do you have to spend before it turns a profit, if you have the finances and can go for it then why not?

    Else, if your calculations is wrong, do not bother with such business because  the maths don’t support it, look for something else to do, there are a lot of businesses out there.

     

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  6. Asked: August 18, 2023In: Money & Business

    Should i continue my security guard work or quit?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 28, 2024 at 4:16 am

    Yes, take the job and see what comes out of it, do you prefer to be idle or starving as you said? You can start a job and save up some cash, then use your saved cash to make more money by starting an online business or offline depening on how you plan it or the expertise you have. But you won't be aRead more

    Yes, take the job and see what comes out of it, do you prefer to be idle or starving as you said? You can start a job and save up some cash, then use your saved cash to make more money by starting an online business or offline depening on how you plan it or the expertise you have.

    But you won’t be able to get anything done without an income, you’ll just starve more and become more irrelevant because you don’t make money at all.

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  7. Asked: September 21, 2023In: Money & Business

    Does a business strength increase, as it problems are solved?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 27, 2024 at 5:14 am

    Yes, the more business challenge you solve in your business, the more strong the business because it's a case of antifragility, a business is antifragile, the more it gets into a problem or knocked out the stronger it becomes. As a business owner it's important to keep that in mind, expect challengeRead more

    Yes, the more business challenge you solve in your business, the more strong the business because it’s a case of antifragility, a business is antifragile, the more it gets into a problem or knocked out the stronger it becomes.

    As a business owner it’s important to keep that in mind, expect challenges and when the show up, get ready to smash them right in the face.

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  8. Asked: September 14, 2023In: Money & Business

    Which business still does well even during a pandemic?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 27, 2024 at 5:10 am

    If you're into provision sales, that's everyday consumables that people buy you'll definitely make money in every situation, it's important to people and they'll go at any length to get it, food business will incredibly go well too, because people need it to survive. We've seen it during Covid whereRead more

    If you’re into provision sales, that’s everyday consumables that people buy you’ll definitely make money in every situation, it’s important to people and they’ll go at any length to get it, food business will incredibly go well too, because people need it to survive.

    We’ve seen it during Covid where super markets will be dry and everthing in the food aisle has been sold, and they’re still taking home delivery, this shows how important these stuffs are.

     

     

     

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  9. Asked: September 13, 2023In: Money & Business

    What advice can you give a person leaning Barbing skills?

    spencer
    spencer Enlightened Mentor
    Added an answer on June 27, 2024 at 5:03 am

    Is to learn and perfect it, there's a growing demand for quality barbing, most people don't even bother barbing anymore because they don't have good barbers around so they decide to keep a full hair. If you perfect your craft you'll be able to charge high fees and make money for yourself, you can evRead more

    Is to learn and perfect it, there’s a growing demand for quality barbing, most people don’t even bother barbing anymore because they don’t have good barbers around so they decide to keep a full hair.

    If you perfect your craft you’ll be able to charge high fees and make money for yourself, you can even add services like home care and sell hair care products in your salon.

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  10. Asked: September 21, 2023In: Money & Business

    Challenges and benefits of online learning.

    spencer
    spencer Enlightened Mentor
    Added an answer on June 27, 2024 at 4:57 am

    Benefits of online learning is that, it is easier and also allows you to learn at your own pace and it also removes any kind of unnecessary competition between students which can get harmful, online learning also has varieties of teachers you can pick from. The challenges in all of this is the consiRead more

    Benefits of online learning is that, it is easier and also allows you to learn at your own pace and it also removes any kind of unnecessary competition between students which can get harmful, online learning also has varieties of teachers you can pick from.

    The challenges in all of this is the consistecy to keep on going when it gets tough, most people give up halfway before they really understand what they’re learning.

     

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