About a year ago, I took a real estate investment which I am still paying up to now through my business development and consulting business. Just very recently, I also got myself a life insurance with stock options. The reason I’m sharing this is to show you the argument why entrepreneurs should build multiple investments and learn to manage it.
Being in business, it’s not guaranteed that clients are always there to pay our bills despite our effort to keep them and our sales funnel full. There may be times that we’re filled with projects we can barely breathe and time may come that we have less or none at all. That’s why I’m showing you how to avoid them in my training program and of course, learn multiple source of income as your back-up which we’ll be discussing today.
What are the multiple investments or businesses we can make aside from offering our services online? How do we earn from them or learn them at the shortest time possible?
These are some examples that require very little investments.
- Stock options
- Foreign exchange
- Other online business/products
- Life insurance
- Real estate (may require more budget)
- Brick and mortar business
- Buy and sell
- Franchising, etc.
These are simply examples and I’ve also invested in some of them. I remember Zig Ziglar once said, “9 out of 10 businesses fail. There is one fool-proof way to ensure your success. Build 10 businesses!”.
I litterally laughed when I read this but after a few seconds of pondering, I realized, he has a point. It also goes the same with the saying, “Don’t put all your eggs in one basket”. Needless to say why, right?
It’s not going to be easy. Again, the roads to success are not straight but they’re all worth it. If we’ll only be vigilant in every opportunities, manage our time and money well, we’ll worth a few more thousands or millions in a few years time!
There’s no short cut to getting “there”, of course! But consistently and mindfully doing our business makes a huge difference than simply doing it without direction and planning.
If you want to learn more about building your dream business and how to bring it online, I am inviting you to for a quick discovery call and together, let’s find out how you can get started.
Already have a business but don’t know how to keep a steady flow of clients? No worries, that’s something I can also help you with. Just click HERE and let’s talk about it. See you on my next post!