Business is essentially about creating cashflows. The fewer cashflows your business posseses, the more likely the business is to be affected by environmental factors, low and high demand periods, in terms of income streams. The most successful business in the Blue Chip company group on the New York Stock exchange have their hands stuck in a lot of pots. Property, Stock Options and investments and shares in businesses that have support services to their main line products and not to mention shares in competitor companies are only but a few ways to spread the risk of your business.

And so it would apply, as an individual, you need to also reduce the risk. Its not enough to depend on a salary of one job or run a business that only has one product or service,as your means of income. Increase the pots that you have as cashflows. Have 2 jobs, set up a small business that you manage on weekends or after hours, create an investment portfolio through various hedge funds available on the market, invest in other businesses that have different product and service lines other than your own. Think actively about how to create more than one cashflow to keep your risk low.

Until you have this in place, you are in a position of high risk and low returns. Increase your options.

Regards,
Wilbert Chaniwa
Founder
Nexus Business Network

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