Diwali: 5 financial lessons for entrepreneurs from festive week

Diwali: 5 financial lessons for entrepreneurs from festive week

Nov 10, 2023

Girish Khurana

Future planning

Diwali is the time when we invest in buying new products, keeping in mind their utility. Similarly, in businesses, we should adopt planning-based investments that provide us a long-term satisfaction and growth

Cleanliness

Diwali is the time when we clean our house and premises by letting go of old things and replacing them with new things. Similarly, in businesses, we should keep on trying new things, rather than sticking to old practices

Diversification of Investments

Just like different forms of lights and decorations light up our Diwali, diversification of investments light up our portfolio. In business, we should have an eye for diversification, both of practices and products

Avoiding Impulse Spending

Diwali shopping is typically done thoughtfully, avoiding impulsive purchases. Similarly, in personal finance, avoiding impulse buys and making informed spending decisions is crucial for financial well-being

Emergency

While burning crackers, we make sure to use safety precautions. Similarly, while venturing in businesses, we should be mindful of taking the right precautions and be calculative

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