Your Questions About Successful Trading Business

Chris asks…

Can i do share-trading business? it is profitable to me.?

Can i do share-trading business? is profitable to me.?
Date & Day of Birth :26/04/1973, Thursday 02:59:00 PM, Indian Time , GMT+5:30
Place of Birth :ARNI, TAMIL NADU
Latitude :12:40 N
Longitude : 791:19 E

John answers:

There is an indication in your chart that you will be quite successful in share trading business in your life. However, you must be careful until Saturn leaves the zodiac sign of Virgo—which is in late 2011. You would do well to remember that too frequent trading only fills the coffers of the broker and you would do well to retain your shares for at least 90 days.You have no such combination which ensures a regular income daily, weekly or monthly. For this reason you should not jump in to trading in Futures and Options and therefore the only option left out is the Cash Segment/Delivery based trading. The best periods to book profits will be:

1.28th June to 25th July
2.19th September to 15th October

The following periods can be a strain on your finances:
1. 15th December to 31st December
2.14th March to 14th April

There are also indications that problems can come if you take loans which will become difficult to pay off. So play with your own resources only. It may take a little longer to build your own wealth but it will be without any strings attached.

The periods mentioned occur every year though their intensity may vary from year to year.

Wish you all the best

Astrodesk

Daniel asks…

Some successful efforts at reducing poverty?

What have been some successful efforts at reducing poverty in recent years? Are there countries that have helped in reducing the issue? Any sources would be helpful!

John answers:

Opening closed economies to trade, enforcing rule of law, and other measures to create an environment where business and investment can thrive. Take Hong Kong as an example, it is much richer per capita than the rest of China because the British governors set up a rule of law, opened up trade, and got out of the way while setting up low tax rates to attract investors.

Enforcing the rule of law is a big one that keeps investments out of certain counties that might be open. I would not invest in a business venture on the broader areas on Mexico no matter how good the prospects. Also, tax rate may be prohibitive like if I expected a majority of my profits to be lost to taxes (or government corruption).

Giving money to impoverished areas do not do this job because it is like the saying “Give a man a fish you feed him for the day, teach a man to fish you feed him for a lifetime” or however it goes. This does not mean there is no good in giving aid to poor areas but this aid will not make them richer in the future.

Steven asks…

Significant of business education practicle?

John answers:

Successful individuals in the business environment usually have a mix of education and experience relating to business concepts and principles.

Individuals may spend more time on earning a business education early in their career rather than honing their skills through practical experience.

Education can be an invaluable tool for building a successful career or specializing in a specific industry or sector. Business education can be earned in a traditional school environment or through informal methods.

Types

Traditional business education is earned through a college or university. Common business degrees include a bachelor’s in business administration or management, accounting, marketing or international business. Master’s degrees are also popular, including the masters of business administration, masters of accountancy or masters in finance. Informal business education can include certificates earned through trade organizations, reading business related magazines and books or attending a trade school.

Features

Business education teaches individuals about traditional and current types of business methods or management techniques.

Read more: http://www.ehow.com/about_6381905_importance-business-education.html#ixzz2vIf9RN7G .

Richard asks…

Significant of business education practicle?

John answers:

Successful individuals in the business environment usually have a mix of education and experience relating to business concepts and principles.

Individuals may spend more time on earning a business education early in their career rather than honing their skills through practical experience.

Education can be an invaluable tool for building a successful career or specializing in a specific industry or sector. Business education can be earned in a traditional school environment or through informal methods.

Types

Traditional business education is earned through a college or university. Common business degrees include a bachelor’s in business administration or management, accounting, marketing or international business. Master’s degrees are also popular, including the masters of business administration, masters of accountancy or masters in finance. Informal business education can include certificates earned through trade organizations, reading business related magazines and books or attending a trade school.

Features

Business education teaches individuals about traditional and current types of business methods or management techniques.

Read more: http://www.ehow.com/about_6381905_importance-business-education.html#ixzz2vIf9RN7G .

Carol asks…

Starting a business..?

How do you start a business (electrical)? We have jobs, material, and a shop, but we’re trying to start the actual business. Do you need a lawyer or accountant? and how do you go about getting a tax id number? We just need a start we dont know where to start? even if anyone knows any good sites that arent hard to follow or understand..thanks!

John answers:

You may want to read the article “Most Common Questions Asked When Starting a Business” http://www.powerhomebiz.com/vol45/questions.htm for information on getting tax number, business registration, etc.

Starting a small business takes a lot of courage. But, as they say, courage does not pay the bills. To be successful – to stay in business – you need more than courage. You need a combination of hard work, skill, perseverance, and lots of luck.

Some things you need to consider:
– “How can I support my family while I build up by business?”
– “What are my abilities?”
– “Is there a market for the product or service I have chosen?”
– “How long will it take this business to reach the financial goal I have?”

You may want to read the article “How to Start a New Business Successfully” http://www.powerhomebiz.com/vol51/launch.htm , which lists six steps to launch a new business successfully:

1. Provide a benefit.
2. Determine the fit with your market.
3. Right timing is everything
4. Be ready to support your business
5. Develop a blueprint for success (your business plan)
6. Market, market, market

You may want to read the article “10 Things You Need to Know When Starting Your Own Home Business”
http://www.powerhomebiz.com/052006/startingbiz.htm

I recommend that you read the following books:

– What No One Ever Tells You About Starting Your Own Business : Real Life Start-Up Advice from 101 Successful Entrepreneurs
– Starting From Scratch: How To Start A Business When You Don’t Have Money
– If You’re Clueless About Starting Your Own Business and Want to Know More
– On the Move : How to Succeed and Survive As an Entrepreneur
– How to Make 1000 Mistakes in Business and Still Succeed

As for getting professional help (lawyers, accountants), they are great but not really necessary. If you are willing to do what they can do and want to save the money especially if you have a shoestring budget, then you can do the tasks yourself. But they are very helpful in terms of allowing you to focus on what you do best, while they take care of important things for you. Read the article “How to Select the Right Professional Help for Your Business” http://www.powerhomebiz.com/vol83/professional.htm to help you choose the best outside experts to help you in your business

You may want to consider getting a mentor to help you steer your business to success. There are several places where you may be able to find a mentor:

– Government Mentoring Programs such as SBDCs, which works with community colleges and local business development councils to offer mentoring programs http://www.sba.gov/sbdc/sbdcnear.html ; or the Women’s Network for Entrepreneurial Training http://www.sba.gov/womeninbusiness/wnet_roundtables.html

– Volunteer programs such as SCORE http://www.score.org which is composed of mostly retired executives and entrepreneurs

– Formal mentoring programs such as Athena Foundation http://www.athenafoundation.org/programs/globallinks.html , Helzberg Entrepreneurial Mentoring Program http://www.helzbergmentoring.org/HEMP/ , or The Aspen Institute MicroMentor Program http://www.micromentor.org

– Professional organizations such as the National Women’s Business Council http://www.nwbc.gov/Mentoring/programs.html

– Industry and trade associations
– Local business groups, such as the chamber of commerce
– Local chapters of business groups

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