What's The Real Deal About Losing Money?
In a recent study conducted by a team of scientists in University College London
, it was revealed that a person who undergoes financial loss may develop a financial pain. It happens when a particular portion of the brain, known as the striatum, is functioning so hard, increasing fear and pain. This is also the same reason why they tend to focus more on how much they can lose, rather than on what they can gain in a particular opportunity. This research, which you can read in the Journal of Neuro-science, will give you more insights on how the brain can affect your business management decisions.
On the other hand, financial strain can put you at an elevated risk of developing emotional problems. This is especially true when you are suffering from an economic setback and you have no other choice, but to lay off some of your employees. A group of researchers conducted a study with 756 employees who became presently unemployed for not more than 13 weeks. Through interviews and series of tests, it has been found out that unemployment can actually begin a series of cycles of poor physical health, depression, and personal control loss, among others.
Nevertheless, though, you should remember that not all philosophies about losing money are actually true. Some of them are plainly myths, which mean they are caused by wrongful perceptions from the business owners, who may perceive thyt financial losses are things that they can control, and that there are only certain factors that eventually lead to their occurrence.
When it comes to truth about losing money, here are some of the things that you should believe in:
You are losing money because you're doing all the work on your own. In a recent study conducted by the SBA (U.S. Small Business Administration), small-enterprise business persons will likely spend around 40 percent of their time doing routine work. This means that a business owner would have wasted 40 percent of the opportunities that he/she may have grabbed, if only he/she had focused more on marketing and sales too.
This is one of the major reasons businesses are hiring virtual personal assistants. These are people who act as personal secretaries. They are the ones who make and take calls, respond to normal queries, organize special promotions and joint ventures, market your products and services, and perform other menial jobs.
The savings to your business are vast, as you don't actually need to have them at your own office, they can work from home or a subsidiary of your business located in another country.
by: Lawrence Perry
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