Comments on: Top 5 mistakes in starting investing (and a business) http://www.thickenmywallet.com/blog/wp/2008/11/20/top-5-mistakes-in-starting-investing-and-a-business/ Everything to do with thickening your wallet by entrepreneur turned President of an Investment Company Tue, 16 Mar 2010 18:09:23 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Riscario Insider http://www.thickenmywallet.com/blog/wp/2008/11/20/top-5-mistakes-in-starting-investing-and-a-business/comment-page-1/#comment-17338 Riscario Insider Sun, 23 Nov 2008 06:33:51 +0000 http://www.thickenmywallet.com/blog/wp/?p=553#comment-17338 Great points. Having a deep, narrow niche is important for success and that means turning some customers away. This can be difficult but keeps your focus on your strengths. I don't know about #4. Working hard implies spending long hours *in* the business, which means less time to step back to work *on* the business. How about working smarter or strategically instead? [Alas, the end result will likely be long hours regardless of the labels] Great points. Having a deep, narrow niche is important for success and that means turning some customers away. This can be difficult but keeps your focus on your strengths.

I don’t know about #4. Working hard implies spending long hours *in* the business, which means less time to step back to work *on* the business. How about working smarter or strategically instead? [Alas, the end result will likely be long hours regardless of the labels]

]]> By: Weekly Dividend Investing Roundup - November 22, 2008 » The Dividend Guy Blog http://www.thickenmywallet.com/blog/wp/2008/11/20/top-5-mistakes-in-starting-investing-and-a-business/comment-page-1/#comment-17332 Weekly Dividend Investing Roundup - November 22, 2008 » The Dividend Guy Blog Sat, 22 Nov 2008 11:00:26 +0000 http://www.thickenmywallet.com/blog/wp/?p=553#comment-17332 [...] Top 5 Beginner Investment Mistakes [...] [...] Top 5 Beginner Investment Mistakes [...]

]]> By: Nancy (aka money coach) http://www.thickenmywallet.com/blog/wp/2008/11/20/top-5-mistakes-in-starting-investing-and-a-business/comment-page-1/#comment-17324 Nancy (aka money coach) Fri, 21 Nov 2008 02:38:00 +0000 http://www.thickenmywallet.com/blog/wp/?p=553#comment-17324 And one more that's worked brilliantly for me: stick with what you personally know, for both business and investing. I "get" every one of the stocks I own, and clearly I also "get" my business - it could be tempting as a money coach to veer into financial planning, for example, but tax planning, estates etc. are beyond my "mile deep" expertise so I stay far away from it (and besides, I'd get in deep, deep regulatory trouble if I tried, anyways!) And one more that’s worked brilliantly for me: stick with what you personally know, for both business and investing. I “get” every one of the stocks I own, and clearly I also “get” my business – it could be tempting as a money coach to veer into financial planning, for example, but tax planning, estates etc. are beyond my “mile deep” expertise so I stay far away from it (and besides, I’d get in deep, deep regulatory trouble if I tried, anyways!)

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