7 helpful business principles – Tribune Online


Take fewer risks as you get older

When you are young, you should be doubling down because you don’t have much to lose. If you are in your early 20s or 30s, you probably don’t have as many commitments as people in their 40s or 50s do.

If you are in your late teens or early 20s, you can probably live with your parents, avoid bills and focus on going to school, and/or building a business. During this period in your life, you should be placing as many bets as possible and doubling down when you see fit.

When you get older, you have more financial responsibilities such as a family to support and a mortgage to pay. So, you shouldn’t make as many risky bets as in your younger years because…

Source: Nigerian Tribune

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