Ideas and action can be taken at a much faster pace than your business grows. If you don’t keep this in mind, your business can die from you going in a thousand different directions…
Because of the Internet, and technological advances, we can move faster than our business.
It takes time to build a loyal following of customers, then build a solid profitable relationship with those customers, then set processes in motion to get new customers into the sales funnel.
Time, which it seems, we don’t have.
But that’s an illusion…just because we could implement 1000 different ways to make money…doesn’t mean we should at all.
In fact, your original “core” business suffers from the lack of focus that happens when you start to examine the many other avenues of revenue.
So, what’s the lesson with this short post?
Build and develop your core business until it thrives without your direct involvement on a day to day basis…then, and only then, should you start to examine expansion into other streams of revenue.
Multiple streams of income are good…
Multiple streams of well-developed and sustainable income are better.
Until the next time we look in the mirror together,