The Best Business Advice That I Ignored
but you shouldn't
Hello everyone! Welcome back! We’re excited to share another business story with you - but this one is more personal, and we promise that you can learn a lot from it (at least we hope so).
But before we get started, let’s start our day with a positive thought:
"Your attitude determines your direction”
A positive attitude encourages you to make proactive and optimistic choices, leading to better outcomes. Conversely, a negative attitude might lead you to make decisions based on fear or doubt, limiting your potential. When challenges arise, your attitude can determine whether you see them as obstacles or opportunities. A resilient mindset helps you navigate difficulties with confidence and perseverance.
Now, let’s get started…
🎯 Top Headlines of the Day
IndiGo shares dip 3% amidst block deal speculation
Bharat's digital transactions are set to triple over the next five years
Gautam Adani surpasses Mukesh Ambani to become the richest Indian on the Hurun list
📊 Market Pulse
Today’s top-performing stocks are:
Today’s low-performing stocks are:
⚠️ Hold UP
Bharat.Inc believes that growth comes from support. So, here’s an open call to all the business owners to get themselves featured RIGHT HERE!
Sounds interesting? Then you ought to see what we have in stock for you ✨
Fill up the form below, and we will get in touch with you in no time!
So, about the advice…
When I first decided to jump into the world of entrepreneurship, a seasoned entrepreneur gave me a piece of advice: "Save three times the amount of money you think you'll need." I smiled, nodded, and thought to myself, "I'm smart, I'm driven, I won't need that much." I was wrong.
Fast forward to the launch of my first business. I was confident, excited, and a little naive. The initial months went well—sales were up, the business was growing, and I was starting to think I had cracked the code to success. But then, reality hit. Unexpected expenses, slow sales periods, and the ever-present need to reinvest in the business started to chip away at my budget.
That cushion I thought I didn’t need? It was more like a safety net that wasn’t there when I fell. Instead of focusing on growth, I found myself constantly scrambling to make ends meet, cutting corners, and sacrificing quality to stay afloat. The stress was overwhelming, and the joy of building something of my own quickly turned into a daily struggle.
In hindsight, I realize that advice wasn’t just about having extra cash—it was about buying peace of mind, time, and flexibility. Saving three times the amount would have allowed me to weather the storms, experiment with new ideas without the fear of failure, and, most importantly, sleep a little better at night.
So, here’s my advice to you: Don’t be like me. Save more than you think you’ll need. You’ll thank yourself later.
Some More Hard-Learned Business Advice:
📌 Get Comfortable with Saying ‘No’
As an entrepreneur, opportunities will come knocking, but not every opportunity is worth your time. Learn to say ‘no’ to things that don’t align with your long-term vision, even if they seem lucrative in the short term.
📌 Protect Your Time Like It's Your Most Valuable Asset - Because It Is
It’s easy to get caught up in the hustle, but remember that time is the one resource you can’t get back. Prioritize tasks that move the needle and delegate or automate the rest.
📌 Stay Adaptable - But Don’t Lose Your Focus
The market will change, customer preferences will shift, and new competitors will emerge. Be flexible enough to adapt, but stay focused on your core mission. If you chase every shiny object, you’ll lose sight of what really matters.
📌 Remember, You’re Not Just Building a Business - You’re Building a Life
It’s easy to get consumed by the day-to-day grind, but don’t lose sight of why you started in the first place. Whether it’s financial freedom, a passion project, or leaving a legacy, make sure your business aligns with your personal life goals. Success isn’t just measured by profit; it’s about creating a life that fulfills you.
📌 Beware of the ‘Expert Trap’
There’s no shortage of experts and consultants offering advice, but be cautious. Not every expert understands your unique situation or market. Trust your instincts, and don’t be afraid to question conventional wisdom. Sometimes, the best solutions come from thinking outside the box.
That’s it for today, folks! We will be back again tomorrow with more valuable insights about ‘Bharat in Business.’ Till then, stay informed, and keep hustling!
