Your business should be planned like a well thought out battle. If you haven't got your plan in place you'll suffer casualties. You won't suffer loss of life, but you will suffer losses of money, time and missed opportunity! Just as
well honed warrior prepares for all possible occurrences, you must be prepared to last through slow times, and be just as prepared to capitalize on times when it appears you can do no wrong.
The first step on your march to flag is to decide who you are. In immortal words of Shakespeare, "In brief sir, study that which you most affect".
Know your strengths and know your weaknesses. You'll never be truly successful until you've first made an inventory of your-self. You can study all "How-To's" and you may even make money, but to be truly be successful you must have your "Why-To's" in place.
Once you've decided who you are and listed your strengths and weaknesses, next step is to determine how much money you have for your war chest.
Only use money you can afford to lose. As any professional trader or championship gambler will tell you, "Scared money never wins!"
Don't mortgage your house or max-out your credit cards because you've got million dollar sure-fire winner. You'll be so busy worrying, you won't be able to think clearly.
Take money you won't miss and test-test-test. Your thinking will be much clearer and when your testing finally hits on a winning formula you'll be ready to capitalize.
