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When we plan, there should always be at least two options. That is because in case plan A fails, then you can try plan B.
We have to take into consideration our budget if we plan for example on having a business. We also take into consideration, the licenses that it would entail. Foremost also is how we should manage the said business.
In addition, when we plan a business, we should make a feasibility study if it will have the chance of succeeding in your business plan. Location of the business should also be given importance because if it is not strategically located, there will be less customers who will go to your place of business.
Lastly, in the business plan, you should add on how you can have a hands on in the business. That is because a lot of business go bankrupt because they let a relative take the cashiering. A lot of cases like that happened here in the Philippines.
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I don’t think it’s healthy to expect all of your plans to work out. I realized some time ago that it’s best for me not to make many plans. I just go with the flow and avoid the disappointment of plans falling through. I planned to do many great things and it hasn’t happened yet but I am happy relying on myself now and not making plans with other people.
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I agree with what is stated in the above article people spend on wants more than spending the same on needs which are basic necessities of our life and allow us to live our life well and happily. The places where money usually goes out which is not advisable is junk food, going to high budget hotels, spending on aerated cool drinks which we can do without and also going to big ticket events and movies weekly.
All these things make a big hole in the pocket. Thus reducing the amount one spends on the good things which are a necessity for us. If we calculate the above expenses they will save a huge amount if we work out on an annual basis in our home budget. It depends on the priorities which individuals have and how they would want to spend life. It depends on how the parents have brought them up.
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