The Business Mindset: Don’t Put All Your Profit Eggs In One Basket

by | Dec 9, 2009 | Mindset

I know I may have said this before, but it bears repeating. Be open to multiple streams of income and multiple businesses that fit your overall business goals.

You don’t have to put all your profit eggs in one basket. Part of having a business mindset is knowing that you can’t depend on one income stream. For better stability, you need to have several … for as one goes soft, the others will sustain you.

This can mean having several products and services … but it can also mean having several businesses. Do not be afraid to branch out with a new business or revenue model. The key to being successful is the ability to adapt to a growing and changing market.

ACTION STEP:
How can you create multiple baskets for you to put your profit eggs in? Are there more related … or even unrelated … products and services you can offer? Is there a new revenue model you can try out? What about an adjunct business you can add to your income mix?

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