I have met many businesses, both trading and manufacturing companies, that have other sources of income, or income apart from their main business, such as stocks, real estate, land, crypto, partnership bonds, etc. Imo, having multiple sources of income besides the main source of income is very necessary to ensure the survival of the company, accelerate business growth, maintain business financial stability, strengthen resistance to inflation and market fluctuations. What do you think?
Should the business have other sources of income?
- Thread starter Suba
- Start date
Definitely, if the business is successful then the owner can expand the business or invest in something profitable like stock market.
it can even be having branches of the same business in different locations that way money would be made from different sources.
Of course, this can happen if your business is very successful and there is a high demand for it, in different locations.
Yes, a lot of businesses have multiple sources of income. Some businesses here are involved in transportation, real estate development as well as restaurants.
Like a business man in my country. He is in to different productions and making money from all angles.
I definitely agree that having multiple sources of income is very necessary for businesses to ensure their survival and growth. Having multiple sources of income gives companies a cushion when one source fails, while also providing them with the ability to diversify their investments in order to maximize returns on investment. Additionally, having additional streams of income can help protect businesses against inflation and market fluctuations by allowing them to spread out risk across various assets instead of relying solely on one asset class or source.
I think it is better that a certain company or business have other sources of income so that it will not goes bankrupt and be profitable as much as possible because we all know that in business a lot of risks and uncertainties that are really happening which we could have avoided if we some other sources of income.
Recently, I discovered that so many businesses have been establishing other subordinate businesses to support their income.
There is nothing wrong with investing more money into your business which is also going to help your business to expand very well. So having another source of income which you can invest in your business is very good.
Yes it is very important and necessary for your business to have other sources of income as well. There are times where the business might not generate enough capital for it to run smoothly, instead of borrowing, you can simply take from your other sources.
It is not bad for a business to have other sources of income. But it is important that at a time, a business should be able to sustain itself financially.
