Why it is good to research before venturing into any business.

in Project HOPE6 months ago

When it comes to business you have to make sure that you have a wider knowledge of what you are venturing into. Taking the Cryptocurtency life as a case study, you will see that people invest in some of the Cryptocurtency because of fear of missing out which is populary called F.O.M.O. Just take a look at what is going on with bitcoin. The rate at which it is rising is something awesome. Now, if you are 2017 investors, up till now, you might have not gotten your invested capital back. The reason why some person have not gotten their capital back is because they invested heavily in the business because of the fear of mission out (F.O.MO).

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Observing what is currently happening right now in the Cryptocurtency world, you will see that some person are afraid to invest right at this moment. They are afraid not to pass through what happened in 2017. The new people who are into Cryptocurtency might not know what we pass through in 2017.

Deviating from the Cryptocurtency talk, let us talk about research before venturing into business. When it comes to business at large, many things have to be set in place.

Researching before venturing into any business

Before you start that business of your choice, you must make sure that you have a wider knowledge of what you are going into. Researching helps to give you a bigger picture of what you are going to face when you eventually start that business. This is the essence of researching before entering that business.

I was opportuned to meet my Uncle before I started my business. He is a big entrepreneur who has impacted the business world positively. I told him to give me a proper guide on how he did it with his business. First of all, he said you should have knowledge of the business you want to venture into. This is very vital when it comes to business. Now that you have known the in and out of the business, you should also ensure that you should know the perfect place to set up your business. Carry out research by visiting the locality of the place you want to set up your business at and along the line, observe if the business you are about set up will do well in that locality.

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He said he visited the environment he set up his business more than 20 times. Did good research about the project and get to know that people in that locality loves his project very well. He went straight to setting up his business in that locality and things eventually changes. The good thing about the locality is that he was able to win the heart of local buyers before he started seeing his business getting patronize from outside source. With such tactics in place, my Uncle was able to flourish fast in that locality despite competitions from outside world.

He went ahead by letting me know that when it comes to business, I should make sure that I set it up in a good locality. Take for instant, if you are into eatery business, it is very advisable to set it up in a locality where people can easily locate it. If customers can easily locate your venue, they will patronize massively, but if your eatery is hidden, the influx of customers patronizing might dropped massively.


When it comes to business, make sure you investigate properly before you venture into it. Have a wide knowledge of the business you want to venture into, this will help to see you doing exploit as time progresses.

Don't just F.O.M.O into any business because you heard people are making millions from it, you will get bitten along the line.

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Warning! This user is on our black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #appeals channel in our discord.

There are to aspects that need to be considered - first when the bull run starts or is in progress, you shouldn't rush to sell anything. You should wait for the peak and than if the price decreases with a certain percent you should act.

Secondly research is mandatory and having done that you can keep calm during any bull run which anyhow you know based on your data where it should position itself. Like for me for Ethereum I am expecting the price to get to $1,000, thus until than I am holding in this bull run.

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I believe that researching a business before it opens will help us understand many aspects of the business that will lead us to success, greetings and thank you for providing important information such as that expressed in this post. Greetings

Hello friend, I agree, before starting any business it is important to be informed, many people do not do it and for that reason they lose great capitals. I believe that we must take good care of our investments nowadays, nobody is like to lose money.

Why has the user been regularly receiving fat curation from Project Hope regardless of being blacklisted in June?

 6 months ago 

Dear @hivewatcher

Why not?

I've learned that HIVE is a decentralized blockchain, without central entity and regulations. Without central blacklist to which everyone should submit. Am I wrong?

Morever, as a stake owner I have a privillage to support content created by authors which I consider valuable.

Could you kindly inform me why was @tfame3865 blacklisted? I will reconsider my support towards this user, assuming your reasoning is valid and you can back it up with some evidence.

Please, do not get me wrong.
However, @hivewatcher is quite well known to many users for blacklisting people based on suspicions and often without giving a reason or even a warning. I've read many horror stories of users trying to get in touch with you via Discord, only to be blamed and shamed .

How can I be sure, that this time is different? Especially knowing that whoever-is-behind-hivewatcher always has been hostile towards me and project.hope members.

Looking forward to hearing from you,


Dear @hivewatcher

This is an OFFICIAL reply from our PH community official account:

We've contacted @tfame3865 and he informed us, that he is NO LONGER on your personal blacklist.

We're glad to learn, that this issue has been sorted out. It isn't first time when one of Project.hope members is being added to your personal blacklist. And then un-blacklisted (after appealing and going through unpleasent process).

Every single time it sends one clear message: whoever made such a decision (anonymous person representing hivewatcher) made mistake, which was later on corrected.

Wouldn't you think that because of similar situation, trust towards work done by hivewatcher is diminishing every single time it repeats itself? People are not blind.

Have a great week ahead,
@crypto.piotr (@project.hope founder).

I am not sure who told you that. If the blacklisted user told you that it was a mistake then it is false information.
We have never said that it was a mistake.
The user was correctly put on the blacklist for art fraud/deception.
He was on appeal for 182 days and has passed it just yesterday so was successfully removed from the blacklist.