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Business strategy
The danger of having only one source of income.
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[QUOTE="leejay, post: 81045, member: 29094"] Normally it's not a bad thing to have just one source of income in the past, but as the year passes by things became difficult for so many people, you see a lot of people running the same business in the same community and it becomes difficult for one to earn because of the competition and no government regulatory to stop all these. So because of this people find it difficult to stick to one business in other to be able to earn more. That's why you see someone with just one business struggling at times and you wonder what's happening. I for one last year when I wanted to start a business I found out that the location I wanted to rent has like 8 shops running the same business I wanted to start and it was frustrating because I never expected it to be like that, I just have to move away from there and go to another location and ended up paying a huge some of amount for rent. [/QUOTE]
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The danger of having only one source of income.
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