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Funding a business
When is best to have second business?
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[QUOTE="Etini, post: 278164, member: 90141"] It is one step at a time. You don't have to pressure yourself. Multiple streams of income are very necessary for financial growth and stability but you have to build one business first. When that business grows and is firmly rooted, you can start working on establishing another business. You don't go about trying to set up two businesses at the same time. It would definitely not work. The reason why a first business needs to take root first before diversifying is that you might need funds from there to help stabilize the second business. Some businesses can be started together. This is possible if the two businesses are related. You can start a broiler business with an egg production business. It is likely to work out since the two businesses are reacted. Even with that, I am still an advocate of taking your time and doing it one after the other. [/QUOTE]
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When is best to have second business?
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