Business 2 Hi everyone! This is another notebook entry about business that I’m going to share with you and this is particularly about my uncle who is very kind since he suggested some good ideas that I would love to share with you. My uncle has been trading as a managing director of cotton industries and he has been a successful businessman for more than two decades. I have talked to him most of the time as to business and he made sure that, I have understood his biggest insights. Perhaps, a biggest reason he made his fortune: life is not fair and everyone does not win. In fact, businesses and markets are structured with a winner and loser. My uncle had a knack for testing like what happens if he buys here and sells there. He appears to be brilliant in his business and on top of that he seems absolutely fearless whether he loses or wins. I suppose he took his 20000 US dollars and started to trade. He was not very good at first and his account dropped down to around half of his beginning investment. That year was not good for lots of people and many people gave up after that much loss even if they had an opportunity to bounce back from loss. The next year my uncle started to trade with the new hope of trading successfully in the business and he traded it successfully. He said that he admitted the first year defeat and tried to figure out the mistakes he made during his first year experience. He tried to find many things so he could not make mistakes anymore. Therefore, I believe it is said to be true that to make money or to preserve capital in the business is to accept defeat and learn from mistakes when you are wrong in the business. He said that if anyone gets one more chance or opportunity to play the game, he/she has to be willing to get in the game and play again. Second chances tell people something. I appreciated when I heeded his advice. He also said that the first year of his business was the most remarkable experience of his life. One day my father also suggested that profit and loses are brothers. Profits encourages us and loses teaches us not to the same mistakes again. Every single person faces disappointments; but winners don’t get disheartened. The answer is perseverance. So keep up hard working. Listen to 10 people and use your own mind. That is all guys. See you with another notebook entry  Have a nice day!