Keeping Your Options Open
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Many a times, people make the mistake for been too quick to lock themselves into a particular business or into something in life. But that shouldn't be the case - your aim at every point is supposed to be having options, such that nothing really ties you down completely. And that's why you have to be very careful when signing documents and contracts.
You need to keep your eyes open when signing some contracts when doing business, so that you don't get yourself into a stiff commitment that you may later in the future not appreciate. Many businessmen have shot themselves in the foot by unknowingly signing a contract that limits their options to make income for themselves.
Although, it's absolutely true that - sometimes in life you have to make a commitment and stick to it. My point is that when making such a commitment, if you must make it - It should be something that is quite dynamic, and your options aren't just closed to other opportunities. Make decisions that will position you at a point where you're exposed to more opportunities.
Photo - Pexels
This is also the reason why when you're getting into any investment is very important to know how quickly you can pull out your money. By been able to pull put your capital and profits within reasonable time - that increases your ability to seize perhaps another opportunity else where.
But in a case where you can't quickly get your money out. Then such an investment limits your options greatly, because you're stuck to that investment. And when another more profitable business comes up, your money is tied to that business. These are things you have to be watchful of as a businessman - little advantages that keep your options more open.
