Ken Nairne: Multiple Businesses = Multiple Streams Of Income!

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Tuesday, 8 March 2016

Multiple Businesses = Multiple Streams Of Income!

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It is a known fact that to be very successful in businesses whether online or offline, you need to be active in multiple businesses. All successful business men and women will tell you, this is a must if you want to be among the 1 percent.  However, with saying that, you will never be successful if you try to build multiple businesses right from the start go.  You must (and I can't stress this enough) build one business at a time.  What I mean by that is, you must build one business until it is sustainable, and can build without you having to invest any more of your own funds or the best part of your time in it.  Once you have built that one to a level that you are happy with, then you can add another, and another and so fort.  By applying that strategy, you will build multiple businesses that will give you multiple income on a large scale for a very long time.


It is sad, but I see from time to time on Facebook and other places, some leaders are jumping into several businesses and dragging their followers with them.  What most of those followers don't understand is, the people who they are following have already put a substantial amount of money into those businesses and they are building without much effort on their part.  You on the other hand are still trying to build the other business you already got, and now you're trying to build another one because your leader told you that it's a great business.  This method is a dangerous one, and will have you failed before you even gotten off the ground.

I noticed also that these leaders don't tell you, not to join their other business(s) until you're happy that the business you're already building is sustainable, and don't need any extra time and funds from you.  Of course they're not going to tell you! That's the way they make their big bucks, while you're still struggling. This kind of practice has been like it for many years. It's not as bad now, but it's still happening.

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To avoid these kind of practice and be successful, you've got to use your head and know your limit. Don't follow someone into another hot business because they say so.  use your own judgement, and, you own gut instinct! It will never let you done.

I am not knocking all leaders, cause there are some real good leaders out there who are willing to help and guide you to success, but there are also a lot who are just out to feather their own nest and not bother too much whether you succeed or not.  Like I said, use your head.

With all that said, you certainly need to be building multiple businesses, but in your own time, not others.

To build any business whether it's a single business or multiple businesses will take time, effort and funds.  You've got to be prepared to go all the way! If you're not prepared to do all that, you will fail for sure. But trust me, if you're prepare to go all the way and have the determination to succeed, you most certainly will.

Conclusion:

Having multiple businesses that will give you long term multiple streams of income is a must. Please do not thing that you can be like the 1% with just one business! It won't happen.  However, as I said, make sure you build one first before you move on to another.

Click the Google Translator above right to translate from UK or USA English to your own Language.

Ken Nairne

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