August 4

Baskets of eggs


Baskets of eggs 1

Okay, so everyone has heard that they should not put all their eggs in one basket, and that truth is self-evident.

I use it when teaching others the art and science of managing project risk. I also do it in my own online businesses. I learnt this painful lesson when I set up my first business way back in 1992.

I linked up with a great supplier and formed a strong business relationship with that individual from the get-go. We thrived and prospered. Until he changed his business direction leaving me high and dry. It wasn’t his fault and he wasn’t to blame.

I was.

These days, I use a business model that is built upon multiple profit centers. Some do better than others, but I love my ‘children’ equally. When one falters, it’s not the end of the road, I just replace them.

My business is now recession proof.

Don’t confuse this with having a ‘Plan B’, that’s not the point here. It is all about having multiple streams of income, they may be small, but together you’ve got yourself a sustainable recession-proof business.

Here’s my most successful part time work from home business that still brings me reliable, regular online income while I’m out and about…Check it out HERE!

Baskets of eggs 2


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