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spencer

Enlightened Mentor
Ask spencer
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  1. Asked: August 19, 2023In: Money & Business

    Alternatives in funding a business?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 15, 2024 at 10:33 am

    Some alternatives are family and friends, they're the best people to go to when you're looking at raising capital, you can easily get funding from them because they know you and they're always willing to support you all things being equal. You can also approach venture capitals to fund your businessRead more

    Some alternatives are family and friends, they’re the best people to go to when you’re looking at raising capital, you can easily get funding from them because they know you and they’re always willing to support you all things being equal.

    You can also approach venture capitals to fund your business, if you have a solid business plans and some traction on your business.

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  2. Asked: August 24, 2023In: Money & Business

    How to Collect Wedding Expenses?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 15, 2024 at 10:26 am

    Saving money for wedding should be intentional, if you plan on getting married, you can start preparing from day one and save enough money for events, also depending on your capacity you can do a simple wedding or an extravagant wedding. You can also take a loan to do a wedding and pay back later, wRead more

    Saving money for wedding should be intentional, if you plan on getting married, you can start preparing from day one and save enough money for events, also depending on your capacity you can do a simple wedding or an extravagant wedding.

    You can also take a loan to do a wedding and pay back later, wedding is an individual stuff and you can do whatever works for you and your partner.

     

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  3. Asked: August 27, 2023In: Money & Business

    Coping with Inflation: Reducing Expenses or Raising Income?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 15, 2024 at 10:16 am

    I think you should strive to do both, it's important to work on reducing your expenses and make sure you are spending impulsively and also work on increasing your means, as that will give you freedom and have savings when the needs arises. I also think that should be the norm whether there is inflatRead more

    I think you should strive to do both, it’s important to work on reducing your expenses and make sure you are spending impulsively and also work on increasing your means, as that will give you freedom and have savings when the needs arises.

    I also think that should be the norm whether there is inflation or not, as it helps you stay grounded in your business or finance and also increase your freedom scope altogether.

     

     

     

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  4. Asked: September 17, 2023In: Money & Business

    How do you have a positive business mindset?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 15, 2024 at 9:48 am

    A positive mindset is a must-have for a business owner, it can help you in weathering storms in your business, maybe you get low sales or your competition are taking over your market share. Having a good positive mindset can also help you transform your business to a world class, because thoughts arRead more

    A positive mindset is a must-have for a business owner, it can help you in weathering storms in your business, maybe you get low sales or your competition are taking over your market share.

    Having a good positive mindset can also help you transform your business to a world class, because thoughts are the bedrock of any action, you think about it before you do it.

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  5. Asked: August 31, 2023In: Blogging, Websites & Online Skills

    Does posting blogs weekly improve your site rank?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 15, 2024 at 9:41 am

    Yes, I think as a blogger, posting weekly will help your blog grow and even get more traffic because you are not trying to bombard your readers with content, week interval is pretty much good enough and you should also try to engage with your community/readers. You can also try and do some guest posRead more

    Yes, I think as a blogger, posting weekly will help your blog grow and even get more traffic because you are not trying to bombard your readers with content, week interval is pretty much good enough and you should also try to engage with your community/readers.

    You can also try and do some guest posting on other blogs in the same niche as you, it’ll help build the authority of your blog.

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  6. Asked: September 5, 2023In: Money & Business

    Why's it important to start saving when you're single ?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 15, 2024 at 9:35 am

    As a single person, saving is a easier because you don't have much responsibility apart from yourself, that allows you some ample time and finance to budget and also set aside some money to save. You can start by saving a percentage of your paycheck and then work on increasing the amount as your savRead more

    As a single person, saving is a easier because you don’t have much responsibility apart from yourself, that allows you some ample time and finance to budget and also set aside some money to save.

    You can start by saving a percentage of your paycheck and then work on increasing the amount as your savings grow or look for other ways to reinvest your savings.

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  7. Asked: September 2, 2023In: Money & Business

    How to manage your business funds?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 14, 2024 at 9:39 pm

    To manage your business funds you'll have to budget it and prioritize, as a business owner, keeping a cash book is very important, it helps you to track expenses which is vital in managing funds. You can also hire an accountant that'll help put your finance in order, or you can buy accounting textboRead more

    To manage your business funds you’ll have to budget it and prioritize, as a business owner, keeping a cash book is very important, it helps you to track expenses which is vital in managing funds.

    You can also hire an accountant that’ll help put your finance in order, or you can buy accounting textbooks and learn to do it yourself, it can be stressful but worth it in the long run.

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  8. Asked: August 20, 2023In: Blogging, Websites & Online Skills

    I am not getting traffic on my blog. What should I do?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 14, 2024 at 9:34 pm

    If you're not getting traffic on your blog, then it means something is broken and you need to fix it maybe you're not advertising to your target audience or something else, you can hire an SEO specialist to fix it up for you. I've once had same problem on my app and I had to hire some SEO specialistRead more

    If you’re not getting traffic on your blog, then it means something is broken and you need to fix it maybe you’re not advertising to your target audience or something else, you can hire an SEO specialist to fix it up for you.

    I’ve once had same problem on my app and I had to hire some SEO specialist to fix it up for me, you should also check maybe Google update affected your website either way, troubleshooting never goes wrong.

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

    Does location matters in a business?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 14, 2024 at 8:21 pm

    Yeah, location matters in business, a lot businesses pay top dollars to have access to choice real estate locations in a city, a good location might be the basis your business make money or not, if you're in a remote area, you might not be able to make as much if you don't have a good location. WhenRead more

    Yeah, location matters in business, a lot businesses pay top dollars to have access to choice real estate locations in a city, a good location might be the basis your business make money or not, if you’re in a remote area, you might not be able to make as much if you don’t have a good location.

    When starting a business, it’s important to secure a good location.

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  10. Asked: August 31, 2023In: Money & Business

    Can I compare different loan offers?

    spencer
    spencer Enlightened Mentor
    Added an answer on May 14, 2024 at 7:07 pm

    Absolutely, it's advisable when seeking out for a loan to actually seek from different lenders and at the end of the day compare and go with the one with the best offers and low interest. There are a lot of microfinance banks and lenders, go talk to them and match the offers, it's a great way to goRead more

    Absolutely, it’s advisable when seeking out for a loan to actually seek from different lenders and at the end of the day compare and go with the one with the best offers and low interest.

    There are a lot of microfinance banks and lenders, go talk to them and match the offers, it’s a great way to go about taking a loan, instead of going with the first offer without exercising your options.

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