#entrepreneurial mindset todays #discussion

Everybody cannot become an entrepreneur.They are different and unique people altogether, can be easily identified for their traits which are impressive enough to the crowd. They are what they are meant to be.

They love what they do. Thats one of the main reasons many of us chose to go out on our own. We also like the flexibility, the opportunity to be creative & the possibility of shaping our own future.

Business owners fall into two categories-

1. self-employed

2. Entrepreneur

The self -employed are those who have a talent or skill & they know there are people willing to pay them for their time, product or service. So they employ themselves rather than work for someone else.

The entrepreneurs on the other hand are the business owners who seem to grow their business effortlessly, & maintain steady growth.

 A leader can be a manager but a manager can never be a leader there is a lot of difference. This thin line of difference distinguishes between a self -employed person and an entrepreneur.

#INvestment #expectations

The investor who looks for surefire ways of making money through trading are clearly unrealistic in their expectations. They should be willing to put in the years that are needed to hone trading skills. Trading is immensely tougher. Trading is hardwork.

This is tougher than most people would like to believe.

todays #discussion #recession

A Temporary reversal in the direction of a stock’s price that goes against the prevailing trend. A retracement does not signify a change in the larger trend. On a chart where a stock’ s price is generally headed upward, retracements are the small dips in price that the stock experiences during its overall upward trend. Whether an investor identifies a change in a stock’s direction as a retracement or a reversal will impact how he responds to it.

A retracement is a correction that occurs during a prevailing trend. It is often regarded as a period of rest before the trend continues in the original direction.

Retracements are short-term changes within a longer-term trend, while reversals indicate the end of a larger trend & the beginning of a new trend.It is always difficult to tell whether it is a retracement or a reversal. Technical analyses tries to distinguish between the two using Fibonacci retracements, Pivot point , support & resistance levels & trendline support & resisitance levels.

#Decisionmaking in trading how #simplicity becomes #simplistic

Sometimes the basic decision making is sound, but is disrupted by situational , cognitive  & emotional factors. This is basically witnessed among traders who seek simplicity& wind up trading simplistic setups that ultimately lack any edge.

Consider the following:

  • A trader sees a chart pattern on one time frame & decides on that basis to buy/sell
  • A trader sees strength or weakness &jumps in to follow the trend
  • a trader sees price holding at a certain level & enters a position based on that information.
  • A trader hears positive news & buys a stock
  • A trader sees that we have moved below a trend line or moving average line & sells the index.

    In each case , a single observation is blown up into a full hypothesis.The observation in itself may be valuable, but it lacks the full information  that one would need for a promising hypothesis.

Major reason that simplicity in process devolves into simplistic thinking is that traders narrow their field of vision when they are under stress.They focus on what is immediately presented .

             

.

#Decision theory vs #probabality theory

A general criticism of decision theory based on a fixed universe of possibilities is that it considers the ” KNOWN UNKNOWNS” , It focuses on expected variations , not on unforeseen events.

It is summarised as ” the misuse of games ” to model real life situations.

” Basing  studies of chance on the narrow world of games &dice”

Predictive models are based on platonified forms,gravitating towards mathematical purity& failing to take some key ideas into account.

to state an example  mathematical notions in chaos theory to further state butterfly effect.

 

# RULE 72

It is what bankers,financiers & economists use. It is an approximation derived from a mathematical logarthmic equation that takes the amount of money , length of time & rate of return into consideration.

The Rule 72 simply states that if you divide 72 by the interest or ROI  it tells you exactly the number of years your money doubles.

The Rule of 72 is popularly known as the magic of compounding interest.

SAMPLE PROFILE OF ADVENTURE TERRAIN VENTURES

                                                ADVENTURE TERRAIN VENTURES(A  BUSINESS DEVELOPMENT CONSULTANCYfirm) since 2006.

 

 

 

 

                                  WE believe in providing quality  SERVICE – our basic value

 

                                    WE are open minded and not prejudiced- that makes us creative

 

                                        WE respect others freedom of choice- that makes us flexible

                                     

                                             Lastly being flexible adds to our adventurous streak

                              

                                                   WE help every business venture to cross the narrow

                                                                     TERRAINS

                                                      

                                                      THUS WE ARE NAMED 

                                                           

                                                           ADVENTURE  TERRAIN VENTURES.

              

                    LIST  OF   SERVICES  WE PROVIDE:

 

  • WE STRATEGIZE TO FIX PROBLEMS
  • WE PROVIDE PR CONSULTANCY AND  NEGOTIATION SERVICES
  • WE PROVIDE HELP TO REDUCE COMMUNICATION GAP WITHIN THE ORGANISATION
  • WE HELP ORGANISATIONS TO FIND THE HUMAN RESOURCE .  WE DON’T PROVIDE HEAD HUNTING SERVICE WE HELP THE MANAGEMENT TO FIND AND TRAIN THE RIGHT CANDIDATES. HELPING  THEM TO HONE THEIR SKILLS.

WE PROVIDE PROJECT OUTSOURCING SERVICES AS WELL ADDING TO ALL THE ABOVE SERVICES.

 

                     

                   We have provided our consultancy service as well as project specific service to different businesses like event management companies, construction companies