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Part of a "Self-Audit" When Buying a Business Is to Ask

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Part of a "self-audit" when buying a business is to ask yourself,"What do I expect to get out of the business" and "How much can I put into the business?"


Definitions:

Social-cognitive

Relating to a theory in psychology that emphasizes the importance of observational learning, self-efficacy, situational influences, and cognitive processes in understanding behavior.

Learned Helplessness

A state where an individual experiences feelings of being powerless, due to a traumatic experience or ongoing inability to achieve success.

Positive Symptom

In psychiatry, an excess or distortion of normal functions, such as hallucinations or delusions, particularly in schizophrenia.

Schizophrenia

A chronic mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

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