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Growth Strategies
Marketplace Evaluation
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Growth Survey
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Growth
About Lesson

Factor 4: Multiple incomes

 

Multiple sources of income ensure the profitability and stability of your company. Do not rely on only one source of revenue as it is too linear for growth. It is also risk prone for your company if that stream of income were to be impacted, you do not have others to fall back on. If you employ geometric growth, the time, effort, and money you spend will have a larger impact leading to growth. Only having one way to generate revenue makes growing that much harder and will always be single digit.