Category: business finance

When you start a business it can be both the best and worst period of your life, as there are a lot of joys and despair to be found. Obviously, more often than not, you want to be the one avoiding the despair. To do that you need to avoid a lot of the common mistakes that typically come with starting your first business. So many people have made these mistakes over the years, so why shouldn’t you learn and avoid them in your own business?

As such, here are six of the most important things to avoid when starting a business – though this is by no means an exhaustive list, there are plenty of other things to avoid too!

1 – Spending Too Much Money

When starting a business, the art of spending money is all too easy. Spending money is both necessary for business growth as it is harmful to your pocket. Spend too much or too little could affect your business either way, so it’s important to find the right balance and move forward steadily.

2 – Working with Friends

Don’t ever work with friends, at least not when you’re starting your own business. If …

When starting a financial market trading business, the main mission is to make profit. In a perfect world, all traders will be successful and walk away with huge mounds of profit every day. But some of the top financial advisors at Jones Mutual can confirm that the world of trading is far away from perfect. In fact, there are a number of mistakes traders keep making, thus causing them to lose capital and potentially their entire financial market trading business. With that in mind, what are these mistakes and how can traders avoid them to actually make a success of their money-making ventures?

Entering a trade without a stop-loss

You need to set a stop-loss for every forex trade made on your trading account. A stop-loss is a counterbalancing request that will automatically exit a trade if the value moves downward by a particular sum. Having this guarantees that you escape a trade that will make you lose profit. If the market pricedidn’t move in the direction you expected it to go,you should see no valid reason to stay in the unprofitable trade. Cut your loss and proceed to the following trading opportunity.

The stop-loss is set at an area …