Must you depend fully on your business?

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Bisolami

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• #1

As I am, I have an offline business and I have platforms I make money from online. I make sure that I am not depending fully on my offline business.

That’s why I am trying to support my offline business with the little things I do online

 

Starmix

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No, I have a stable job at the university owned by the national government and my salary is more than enough. I save the proceeds of my business for a future investment.

 

nomad

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If your business is profitable, you can become fully depended on it. If you are not making profits, you will have to think about alaternatives

 

eldavis

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I won't really advise anyone to depend only on their business. It's best to have Multiple sources of income. There might be a time the business may not be able to generate enough income.

 

Shavkat

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I think we should also consider other options to earn money. Being flexible can make a big difference.

 

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Fidelia

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If you depend fully on your business at the initial stage, you would choke it to crash. You should have another source of income when starting a business.

 

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Bisolami

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• #7

Fidelia said:

If you depend fully on your business at the initial stage, you would choke it to crash. You should have another source of income when starting a business.

Click to expand...

That’s true and if you want to depend on your business, you have to make sure that it is not the only business that you are running or earning money from

 

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Ratine

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No there is a way one can do without depending on their business for everything. They can alternatively find for some side hustles

 

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Stardom22

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I think one should not depend on the one kind of business rather than having some side hustles and extra sources of income.

 

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Ratine

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• #10

Businesses that are often depended upon are likely to collapse because of the lack of business funding.

 

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King Belieal

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• #11

You don't have to depend on your business for everything. It would choke the business to death. That's why multiple sources of income is always emphasized.

 

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Fidelia

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• #12

One of the reasons that I am making money online is to free up the business a bit financially so that I can make my needs from all sources.

 

cherry123

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• #13

No this is the reason why multiple sources of income is very important. You need to have other sources

 

Starmix

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• #14

You can depend on your business if it's an iconic one ready to become an empire.

 

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King Belieal

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• #15

When a business is fully established, it would be able to take care of your needs. But just make sure that you don't depend on a business that is not established.

 

uptrendfinancialsignal

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• #16

What I know is that your business should support your life and it should not be the other way around. But it's so important to work hard and dedicate yourself to your business..

 

Reedex

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• #17

If you depend fully on your business, it can be very risky, if you ask me. what will happens if the market changes ? You need to have a backup plan, you know?

 

flower

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• #18

For me, my business is my passion, and I love what I do. But, I try to make sure that I set boundaries and also try to prioritize my personal life.

 

uptrendfinancialsignal

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• #19

If you depend fully on your business, it can be a double-edged sword. On the one hand, it can also be very motivating and it can help to drive you to succeed.

 

flower

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• #20

I will advise you to not put all your eggs in one basket. I've been in business for a while now, and what I learnt is, it's so important to be prepared for anything.