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Funding a business
When is best to have second business?
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[QUOTE="Finger Geek, post: 278154, member: 27389"] I have read many motivational books that talk about wealth and business and most of them talk about having many business for us to be financially fit. So this mean that for me to be successful I need to have more than one business. Apart from what they are saying, if we should think of it we will see that it is really necessary for us to have more than one business because nobody knows what will happen tomorrow. So what if something happens to the business, then it means we will start from the beginning. So to avoid this we need to have other business that will continue even if one is failing. Having know that we need more than a business then are we to rush into having more than one business at a go all because we have enough money to start two business at a time? No we should not do that. We must first start one and when we are successful and sure that the business is solid, then we can now move to other business. If we look at most of the successful businessmen that has more than a business. We will see that they were successful with one before moving to the other. So to be successful, we must successful with one before having another business or else all might fall. [/QUOTE]
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