The business finance world is a tricky one to get around in. There’s too much information, left and right, that it can be more than easy to get lost. Of course, let’s not ignore those people who are actually trying to steer us in the right direction. However, for every one of these individuals, there are a dozen more with bogus business finance advice. At the end of the day, whose business finance should we listen to, and whose should we ignore? We’ll tell you what we think!
1. Never listen to people who actually have zero business experience- We all have them, that nosy neighbor, relative or co-worker who seems to think he or she is the expert of all things under the planet. When they hear that you may be having some business finance dilemma, they immediately jump in and tell you what to do. Not to sound snobby, but what credentials do these people have? Do they even have experience to back up what they are saying? We’re not telling you to be rude but let’s just say its better to nod along, but do not take this business advice seriously.
2. Don’t listen to people whose business ethics and values do not follow to yours- Sure, this guy may already have a successful company up and running, but if upon talking to him or reading his blog, you notice that he does a lot of things that are just against your personal code then it’s best not to follow what he says. You want your business, besides to be financially successful, to be a reflection of yourself and your values. If you run it through someone else’s values, you’ll always feel uncomfortable, the business will feel unnatural, and it will never be truly yours.
3. Don’t listen to anyone stuck in their own generation and is closed to change- the business finance world is always changing and evolving, there are new ideas developed all the time. What was not successful before could be a big hit today. If you come across people who are always convinced that the old way is the best, and is not even open to hearing new ideas, then it may be a good idea to stay away. You want your business to grow with the current times, and not get stuck. The best way to go about this is to have an attitude of openness.
When you get down to it, our advice is really all common sense. It is your job to examine every piece of advice that you get and see if it is worthwhile following. If it is not, don’t take it, move on with your life and live and learn. In business, that’s the way it should be!
