Wisdom is when you possess the knowledge of what is true and you also have the capacity to arrive at a right judgment and to implement appropriate action.
Every business is faced with increased competition, shrinking margins, more demanding customers and the challenge of finding and keeping good staff.
The battle for customer ownership and long-term profitability is tough and getting tougher. It requires a lot of wisdom to operate in this type of situation.
Wisdom improves with experience
Wisdom improves with age and experience and this implies that older people tend to possess are more wisdom than the young people.
To survive in business you need to truly understand your business, your customers, your market and your industry.
Our life journey to the world of success is full of challenges and it is only the wise people who are in position to handle the challenges.