I really enjoyed reading your analytical breakdown of your perception of mistakes in your business endeavor. This is valuable advice for the interested entrepreneur.
I'm interested in starting my own collectible trading business. There are many people trying to create deals with me, and many middle men appearing. My intuition in this is strong, in detecting ulterior motives. Your response here has helped me put this in perspective a bit.
In a competitive world, I believe skepticism and intuition of the motives of others, is not only necessary, but also, a much needed skill for success.
That is not to suggest I couldn't be overly paranoid, as you stated in regards to perception, sometimes it can produce inaccurate results, but I've learned to trust my instincts over time.
I've also just encountered my first mistake as a seller. Missing merchandise. I'm not sure how to handle this productively, but my idea is to offer a similar merchandise for free, as well as offer a refund for the missing merchandise if this is not substantial. Hopefully the costumer is cool in this respect. I still have to figure out how I made such a critical mistake though! There is so much to consider when it comes to managing a business.
Thank you for taking the time to compose this excellent information!
Hi @futuremind, thanks so much for taking the time to read my answer and respond. While I may know very little about the collectable trading field, many aspects of running a business are universal. I guess to sumarise my experience, having a dream and fulfilling it is great, but unless you also can apply a critical, calculating view of the situation, you may end up in trouble.
Research lots, take the emotion out of your decision making. Take advice, but make your own decisions, don't just blindly follow the advice. Back your judgement 100%, but never be afraid to admit when you are wrong. Analyse everything - your business, your competition, the market. Do a SWOT on your business - and a proper no-shit SWOT without any emotion attached.
Best of luck with your venture, and thanks again for letting me know you got something out of my answer here.
View this answer on Musing.io
I really enjoyed reading your analytical breakdown of your perception of mistakes in your business endeavor. This is valuable advice for the interested entrepreneur.
I'm interested in starting my own collectible trading business. There are many people trying to create deals with me, and many middle men appearing. My intuition in this is strong, in detecting ulterior motives. Your response here has helped me put this in perspective a bit.
In a competitive world, I believe skepticism and intuition of the motives of others, is not only necessary, but also, a much needed skill for success.
That is not to suggest I couldn't be overly paranoid, as you stated in regards to perception, sometimes it can produce inaccurate results, but I've learned to trust my instincts over time.
I've also just encountered my first mistake as a seller. Missing merchandise. I'm not sure how to handle this productively, but my idea is to offer a similar merchandise for free, as well as offer a refund for the missing merchandise if this is not substantial. Hopefully the costumer is cool in this respect. I still have to figure out how I made such a critical mistake though! There is so much to consider when it comes to managing a business.
Thank you for taking the time to compose this excellent information!
Hi @futuremind, thanks so much for taking the time to read my answer and respond. While I may know very little about the collectable trading field, many aspects of running a business are universal. I guess to sumarise my experience, having a dream and fulfilling it is great, but unless you also can apply a critical, calculating view of the situation, you may end up in trouble.
Research lots, take the emotion out of your decision making. Take advice, but make your own decisions, don't just blindly follow the advice. Back your judgement 100%, but never be afraid to admit when you are wrong. Analyse everything - your business, your competition, the market. Do a SWOT on your business - and a proper no-shit SWOT without any emotion attached.
Best of luck with your venture, and thanks again for letting me know you got something out of my answer here.
View this answer on Musing.io
View this answer on Musing.io
View this answer on Musing.io
View this answer on Musing.io
View this answer on Musing.io