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3 Important Factors To Consider Before Investing In Any Project
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[QUOTE="Sodiq, post: 233733, member: 75180"] There are a number of several important factors to consider before embarking on any project or investment, in other to avoid fustration and loss of capital. to protect your limited resources from the sometimes uncertain elements of an investment environment, below are the factors I'll consider personally before investing my money on any project; [B]The Business/project Visibility[/B] Firstly, I'll carried out visibility studies of the project, how vast the project is, what are my chances and what does the future of such project holds. [B]Having some basic skill of the project[/B] This is very important aspect. As an investor, one needs to understand the project he/she is investing in and should also acquire some basic skill that'll be needed for the project. As the famous saying goes ‘Invest in what you know’. It will be difficult to lose or be cheated in an investment if you understand the principle of that project or business. Before investing in a project, study the project the more you understand the project or business, the more confident you’ll feel about the project or business. [B]Have A Goal[/B] Here, you should never venture into a project or business without first of all setting goals for yourself. Goals will enable you to evaluate your performance. Once your goals are set, hold strongly to them if you have to realize your dream of independence and satisfaction. Always have a mental picture of your daily activities. [B]Have A Mentor[/B] Thirdly, get someone who is a professional or master in the said project/ business just incase things went South, you can easily reach to him/her. [/QUOTE]
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3 Important Factors To Consider Before Investing In Any Project
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