Week 4 Assignment 2 Blog Post

Through necessary research this week, the knowledge I have gained about opening and owning my own business has been invaluable. Some things I learned are as follows: be genuine to people, relate to customers by established a relationship and or rapport with them and to save and spend money effectively.  By being genuine to your customers and potential customers, you will let them know that you will not try and over price the work you do and you will also build that customer and client trust/friendship. The integrity I have will only help to build my brand and possibly bring in more dedicated clients. Furthermore, by building a relationship to the customers will not only bring them back, but also attract other potential additional customers that share the same interest that would lead to expanding your business. By learning the importance of managing money and investing, you will have a greater control of the profit you earn.  On time bill payments are a plus in any business because if you start to be delinquent on your bills, it will be forwarded to the IRS which in turn would put your business in a negative situation. Financial stress resulting from poor money management can affect our capacity to make   good decisions, harm our business relationships, and affect physical and mental health. I learned that one major cause of poor money management is bankruptcy where a business owner has no other choice but to file for it to preserve what is left of his or her empire. Also, I did not find any difficulties and frustrations while trying to gather information on any articles.