Business has been major source of survival to many and is preferred to civil service when it is a successful one. It is also supposed to be consider as provision of service first, to customers then, it will be much easier to make interest as much as possible. But the quest of making it in life have turn many who has opportunity into blunderhead thereby missing it all.
Before investing in any business, there is need to consider every risk sorrounding the business. Though no one investing into a business will be persimistic but, it of Paramount important to take precausion and put in prevention measure. Therefore, I believe that it is preferable to establish many and constant sources of income than having only one Lucrative Business.
This will help safe us from heart attach as a result of any disaster or crash on one single and Lucrative source. Successful people like Dangote is involve in producing so many things like indomie, cement, salt, etc.
I have seen NNU forum as one constant source of income. A business one could do in the comfort of his/her home or offices. One which there is asurrance of payment.
Well, that is my own opinion and observation. What do you think, should we gather our eggs in one basket?
Their is nothing as good as having many source of income if one could manage them well or see someone to manage it. Is very good but as for me I can't depend on one source of income.... I support having many source of income.
I am fully in support of your opinion. A lot of people have gone poor because something happened to a business they have built over the years without backups. To successful business, another branch should be opened if at all the owner does not want to leave the business. When one fails the other will act as back up.
Both practices are good and commendable. No one says you cannot do both. there's no rule or policy that stops anyone from doing both because they are not mutually exclusive. only that one has to be ready for the rigorosity and challenges that comes with business management especially in such a country as Nigeria, where virtually all the governmental policies as regards business are discouraging the promotion and growth of businesses.
Having many source of income is good but having a lucrative job is the best.Don't be jack of all trades that is master of none.If you have only one lucrative job to me,is better than having many source of income because if you are not an expert in handling them, you'll end up with nothing.
It is indeed of great advantage to invest in a lot of business but of greater importance to make one the linchpin. Business is always on a fluctuating line. Besides you make more profits in investing in lots of business and it helps improve the country's economy. The only disadvantage I can see in this is the payment of tax.
I prefer many source of income because if one should concentrate just on one lucrative business anything can happen that might lead to the down fall of such business and that marks the person enterprise but a situation where there is multiple streams of incomes, when one fails other businesses are there to help it rise again and maintain standards
Gathering your eggs in one basket is of no reason because once it falls off, all breaks at a time or some will get crack. But keeping them in different basket you will make it, so it also goes to business
I totally agree to your opinion because many people business or investment has been going down because they only rely on a business or inimitable looking forward on another idea to bring money, they only rely on one source of income which is very very bad
I am totally in of your opinion. A lot of people have gone masses because something happened to a business they have built over the years without backups. To successful business, another section should be opened if at all the owner does not want to leave the business. When one stops the other will act as back up.
As much as NNU platform is alleviating poverty amongst Nigerian youths, we also need to find other ways to make money.
The average billionaire has 7 streams of income
And for every 10 businesses, 9 will fail.
No get your odds right amd consider how many businesses you'll have to venture into to become a billionaire.
It's not a bad idea to have various sources of income, it's just that success of a business is usually based on how much you can put into it. In my opinion I would rather face one thing and go through with it all the way that confused myself with other activities, shorting myself of investing my time on the actual business. That said, it's not always the best idea to have all the eggs in one basket, as you fully focus on one income also have a backup.
Not at all,one can not put all eggs in one basket,this is a critical time when one needs to make provision for more than one business,it reduces herth attack,it helps also in meeting up other needs,it is also good to have other or various sources of income.personally i love to do many things,that is to say jack of all trades,master of all.