“Nature diversifies and imitates; art imitates and diversifies.” ~ Blaise Pascal When it comes to investments, a key strategy for reducing risk and encouraging profit is to diversify. Makes sense, right? Then why do many home-based businesses have their entire business model built on trading their time for money?
“I would rather work for an up-turned broom with a bucket for a head than work for anyone else in this office besides myself.” ~ Stanley from The Office One of the top reasons that people set out on their own is that they hate their boss. Often, it’s the last straw. It’s the motivation… Continue reading If Working for a Jerk Motivated Your Self-Employment, What Are You Motivating?
Char Polanosky has an interesting discussion going on over at Essential Keystrokes regarding business growth. I’ve been in Char’s situation a few times, so I know what a struggle it can be. As I began writing out a long comment, I decided it would be much better as a post. When it comes to growing… Continue reading Is Your Success Outgrowing Your Nest?
In yesterday’s post I talked about offering “add-ons” as a way to allow your home-based business to branch out. Today, I’m going to talk about the second most common way to branch out – running multiple home-based businesses. Spinning Plates So you’ve been running your home-based business for some time, and it’s going well. You… Continue reading Branching Out Part Two: Multiple Home-Based Businesses
If you’ve been in business for a while, and you’re passionate about what you do, chances are you’ve come up with lots of ways to expand your business. Or maybe you’re just starting out, and already can see the potential for some other products or services. Carefully considering how, when, and if branching out into… Continue reading Branching Out Part One: Multiple Incomes from Your Home-Based Business