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Alex Johnson
Alex JohnsonNewcomer
Asked: September 12, 2023In:

How do  you avoid accumulation of debts? What are the strategies you use in avoiding accumulation of debts?

How do  you avoid accumulation of debts?

What are the strategies you use in avoiding accumulation of debts?

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moneypersonal finance
  1. Mich_larry
    Mich_larry Active Contributor

    Avoiding the accumulation of debt requires discipline, planning, and smart financial habits. Start by creating a realistic budget that tracks income and expenses, ensuring you spend less than you earn. Prioritize saving for emergencies to avoid borrowing for unexpected costs. Use credit responsibly,Read more

    Avoiding the accumulation of debt requires discipline, planning, and smart financial habits. Start by creating a realistic budget that tracks income and expenses, ensuring you spend less than you earn. Prioritize saving for emergencies to avoid borrowing for unexpected costs. Use credit responsibly, only borrowing what you can repay on time, and avoid high-interest loans. Regularly review your financial commitments, cut unnecessary expenses, and focus on paying off existing debts promptly. Building good habits like tracking spending, planning purchases, and staying informed about interest rates helps prevent debt from piling up and keeps your finances stable over time.

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Omene Odin
Omene OdinNewcomer
Asked: May 6, 2024In:

Am interested in starting or investing in cement retail by supplying cement to buyers who want to build their house. Please how lucrative is this business?

Am interested in starting or investing in cement retail by supplying cement to buyers who want to build their house. Please how lucrative is this business?

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buying and selling cementcement businesscement investment
  1. De Mogul
    De Mogul Expert Mind A student

    To retail building materials is a very good business which can make you a lot of money, but they are businesses that require a lot of money to be used and capital and must be started with a lot of experience because we all know that a huge amount of money is being used for this business. If you hadRead more

    To retail building materials is a very good business which can make you a lot of money, but they are businesses that require a lot of money to be used and capital and must be started with a lot of experience because we all know that a huge amount of money is being used for this business.

    If you had gone to ask questions about the business you will know that the Investigation will let you know that you need to get a very nice sport that is filled with customers or in an environment that is take develop it so that people will patronize

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Light
LightTrusted Adviser
Asked: July 11, 2024In:

Two business men using the same idea and strategy but one had a better result. Why is this? It’s through they had same ideas but remember they are different individuals. That thing you do, how your really did it and ...Read more

Two business men using the same idea and strategy but one had a better result. Why is this? It’s through they had same ideas but remember they are different individuals. That thing you do, how your really did it and how your think about it, I mean your prescription matters. A little difference can affect your end result. So it’s not just about the ideas and strategies but about the individuals involved.

 

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businessmarketingmoney
  1. spencer
    spencer Enlightened Mentor

    Different execution is the reason and nothing else, some people have better system in place to help them reach their goals faster, while some people are still stuck in an analog world and operate with no leverage. Due to this reasons a lot of people giving the same business and idea will end up withRead more

    Different execution is the reason and nothing else, some people have better system in place to help them reach their goals faster, while some people are still stuck in an analog world and operate with no leverage.

    Due to this reasons a lot of people giving the same business and idea will end up with different results and some will win and lose, that’s life and it’s a human factor also.

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eldavis
eldavisEnlightened Mentor
Asked: November 17, 2025In:

While we already know the importance of feedback to the business, how often should a business ask for feedback?

While we already know the importance of feedback to the business, how often should a business ask for feedback?

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  1. Augusta
    Augusta Enlightened Mentor

    for the growth of the business it's good to ask for feedback regularly - from prospects, clients and influencers - to identify the areas you need to change for the better. Customer Feedback Is Important ustomer feedback is essential in business as feedback helps improve products and services.  goldeRead more

    for the growth of the business it’s good to ask for feedback regularly – from prospects, clients and influencers – to identify the areas you need to change for the better.

    Customer Feedback Is Important ustomer feedback is essential in business as feedback helps improve products and services.  golden principles is to ask for feedback when customers are most likely to want to give it.

    It’s  help businesses gauge customer loyalty and satisfaction by asking buyers how likely they are to recommend the company to others. So get feedback as frequently as you can

     

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eldavis
eldavisEnlightened Mentor
Asked: September 2, 2023In:

I believe the goal and aim of every business owner is to be successful and make profit. As a business owner what can i use to measure the success and growth of my business?

I believe the goal and aim of every business owner is to be successful and make profit. As a business owner what can i use to measure the success and growth of my business?

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businessmoneysuccess
  1. Inem
    Inem Knowledge Seeker

    Any business that has been able to sell and make profits is already successful. What should be measured rather is the business growth. And there are two indicators to that. One parameter is the increase in scale of operations. If a business that used to sell 5 units in six months has had increased dRead more

    Any business that has been able to sell and make profits is already successful. What should be measured rather is the business growth. And there are two indicators to that.

    One parameter is the increase in scale of operations. If a business that used to sell 5 units in six months has had increased demand and is able to sell seven or eight within the same timeframe, it’s profits would increase and that is certainly growth viz a viz increased business success.

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spencer
spencerEnlightened Mentor
Asked: June 4, 2024In:

As someone that prefers offline business, what are some ways to indulge in offline businesses, what are also some examples of these type of businesses?

As someone that prefers offline business, what are some ways to indulge in offline businesses, what are also some examples of these type of businesses?

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business tipsside hustleside hustle tips
  1. Redditcat1
    Redditcat1 Active Contributor Digital marketer

    There are alot of offline side hustle you can venture into fruits selling business or buy a land and grow fruits like watermelon, cucumber,and others I bet you in my place if you take this farm  product to the market it's sell like hot cake,you can also open a provision shop where buying and sellingRead more

    There are alot of offline side hustle you can venture into fruits selling business or buy a land and grow fruits like watermelon, cucumber,and others I bet you in my place if you take this farm  product to the market it’s sell like hot cake,you can also open a provision shop where buying and selling service is done

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Light
LightTrusted Adviser
Asked: July 22, 2024In:

Imagine you getting multiple foreign job and being payed in dollars that will be a good sidehustle. How do I get foreign online jobs?

Imagine you getting multiple foreign job and being payed in dollars that will be a good sidehustle. How do I get foreign online jobs?

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businessinvestmentmoney
  1. Abigael
    Abigael Trusted Adviser Abigael

    Getting remote jobs from foreign countries that pay in dollars could be a really awesome side hustle for sure. You will be able to earn a good amount of money and the good thing with remote jobs is that they are flexible hence you can manage your time well. These jobs cab be found from applying in sRead more

    Getting remote jobs from foreign countries that pay in dollars could be a really awesome side hustle for sure. You will be able to earn a good amount of money and the good thing with remote jobs is that they are flexible hence you can manage your time well. These jobs cab be found from applying in social media platforms like LinkedIn that supports people looking for remote jobs. You could also apply for long term freelancing jobs in sites like Upwork and freelancer that gives people that chance. Just make sure that you have really good skills to sell yourself online.

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eldavis
eldavisEnlightened Mentor
Asked: September 9, 2023In:

When it comes to making an investment, there are a lot of risk involved in it especially for a beginner who has little to no experience. What would you recommend as the best commodity or investment a beginner should go ...Read more

When it comes to making an investment, there are a lot of risk involved in it especially for a beginner who has little to no experience. What would you recommend as the best commodity or investment a beginner should go into?

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investmentmoneyonline
  1. Ramolak19
    Ramolak19 Knowledge Seeker

    If you're just starting off, think about investing in commodities like gold or silver. Historically, these precious metals have protected investors against inflation and business uncertainty. Compared to other commodities, they are comparatively steady and less volatile. While these metals-related eRead more

    If you’re just starting off, think about investing in commodities like gold or silver. Historically, these precious metals have protected investors against inflation and business uncertainty. Compared to other commodities, they are comparatively steady and less volatile. While these metals-related exchange-traded funds (ETFs) or mutual funds provide diversified exposure without the difficulties of direct commodities trading, making them appropriate for beginners.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 22, 2023In:

The main purpose why a business owner or business manager would employ employees or workers into his or her business organisation is basically to put in hands to achieve the organisational goals and objectives. But when this employees that are ...Read more

The main purpose why a business owner or business manager would employ employees or workers into his or her business organisation is basically to put in hands to achieve the organisational goals and objectives. But when this employees that are being recruited prove to be incompetent or inaccurate in the activities to achieve organisational goals and objectives, then the business owner might think of eliminating or terminating their contract. On the other hand saw employer still terminate employees without no good reason. I believe that this is a bad business habit and what exactly are the results guys?

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business employeesbusiness environment
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    Improper elimination of employees can lead to several negative consequences for both the organization and the individuals involved. For the organization, it can result in legal issues, such as wrongful termination lawsuits, which can be costly and damage the company's reputation. It can also lead toRead more

    Improper elimination of employees can lead to several negative consequences for both the organization and the individuals involved. For the organization, it can result in legal issues, such as wrongful termination lawsuits, which can be costly and damage the company’s reputation. It can also lead to a decrease in employee morale and trust, as remaining employees may feel insecure about their job stability. For the employees, improper elimination can cause financial hardship and emotional distress. It’s important for companies to follow fair and transparent processes when making decisions about employee termination to avoid these negative outcomes

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