What are the advantages and disadvantages of investing?
http://smallbusiness.chron.com/value-strong-ethical-business-practices-social-responsibility-24231.html
This article is very helpful to those who are having trouble deciding whether or whether to not invest. It lists out the advantages and disadvantages of investing while explaining in detail each factor. Some of the benefits mentioned were risk reduction, convenience, and advanced portfolio management. In a nutshell, this article described investing as easy in the sense that there’s no labour, it can be fast depending on the investment and it can have a very low risk percentage if you are well educated. As for disadvantages, the article mentioned the high expense ratios and sales charges, taxes and the unexpected events. You can’t predict the future, and if you invest you can’t take anything back.
How it relates to me & the unit?
We spent a lot of time in the finance unit, talking a lot about investing. We discussed how beneficial investing can be, and how much it can change lives if done properly. At the same time, it has a lot of setbacks, as we discussed in class. I can use this knowledge to make better decisions if I ever choose to invest in the future, or even in business decisions where I don’t necessarily have to invest.
Definitions:
Net asset value: the value of a mutual fund that is reached by deducting the fund's liabilities from the market value of all of its shares and then dividing by the number of issued shares. Churning: Churning means excessive trading by a broker in a client's account largely to generate commissions.
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Characteristics of a good entrepreneur
http://smallbusiness.chron.com/good-characteristics-entrepreneur-18385.html
The article starts of by explaining the popularity of entrepreneurs in the modern age. It then goes on to state that starting your own business is no easy task. The first characteristic it states an entrepreneur should have is self motivation. You need to love what you do and appreciate the challenge in order to be motivated. Next the article mentions that we must be willing to take risks and be innovative. We need to re-invent and rediscover things, only then will people like our product. We also need to be able to take risks and take that step on the ledge, and hope for the best. Finally you must be ethical, know that nothing in life comes easy.
Relation to me & the unit?
Being very much interested in business, may well be an entrepreneur one day. Knowing these characteristics I can start changing my bad habits now so that I can become an ideal candidate in the future. This contents of this article is very similar to the content of the entrepreneurship unit we did. We learned about all the characteristics, and how you can't be good in one aspect, and bad in another. now rather than later. This article also had a direct relationship with the entrepreneurship unit. In both we learned of the character traits a successful entrepreneurship has, and what steps are needed to be taken to succeed in such a competitive world.
Definitions:
Self Motivation: Motivated to do or achieve something because of one's own enthusiasm or interest, without needing pressure from others
Credibility: the quality of being trusted and believed in