Business Has structure
its structure is designed to make a profit.
How you come to that profit--be it Trading,Playing Roulette or Blackjack or selling Upholstery goods is not important.
The structure of business---the how you derive profit---is the single most important key to all business.
Some are better at business structure than others and Business structure need also be DYNAMIC
---your market will change and to stay profitable OR become more profitable,business must have the ability to morph into prevailing Market conditions.
Lets take Trading as the Business example.
To be successful it will need
***** (1) Capital---it shouldnt be undercapitalised
(2) A proven methodology that cuts losses and maximises gains by either having more wins and profit that losses OR far bigger wins than accumulated losses.Positive expectancy.
(3) Its costs and Directors drawdowns must be at a level which the business can handle.
(4) Taxation must be considered.
(5) Have a Blueprint with which to "Benchmark".
(6) Have a reporting proceedure which monitors business success and clear action plans for best and worst case scenario's.
As a business establishes it should have an expansion programme and a clear structure to shift it to the next level/s.*****
That business will be or could be will be determined by the mechanics of the internal structure of the business and to a large degree the thouroughness and business acumen of its Directors or Management team.
Often care to detail is overlooked in persuit of the BIG PICTURE.
As an example of internal structure---- I could if I had the capital have 10 Techtrader methods running in the one market---that would be the market which is powering ahead of others,OR
I could have 3 other methods running in tandem with the Longer term method OR I could have a method of switching off my Long Trading and Switching to Short Trading,OR Trade Futures or Commodities--- or all of the above---endless.
Youll note there is no mention of How I trade or what I trade---thats simply the Commodity and Plan of business.
The above is THE STRUCTURE OF BUSINESS *****
Without it most have the Commodity and a chosen plan of a business but NO BUSINESS STRUCTURE with which to carry out their business.
Just like renting a shop and Selling upholstery---90% will fail however those figures will sharply decrease with a sound REPORTABLE and MEASURABLE
I sincerely hope people can see the subtle yet POWERFUL
difference to a trading with a plan.