Should the business have other sources of income?

[RicAngelo]

it is better this way, the business is making a great profit and also they get income from several sources because of the money they invested, every company does that

 

[cherry123]

The will be strengthen resistance to inflation if a business have multiple sources of income. it is necessary to ensure the survival of the company by having other sources of income,

 

[RicAngelo]

indeed @cherry123 having other sources of income is A MUST, it is not just for some businesses but also for people like us, we have to earn extra money to survive, covid19 teaches us that

 

[cherry123]

Yes I agree with you, having multiple sources of income isn't just for some businesses but also for people too. we all have to earn more money from different sources to survive

 

[Shavkat]

Definitely, if the business is successful then the owner can expand the business or invest in something profitable like stock market.

You are right with your statements. If the company is progressing, it is about time for it to expand. It is the best way for them to prove how they gain profit through the years in business.

 

[nomad]

There are multiple ways to generate income in a business. YOu can not only generate revenue through products and serevices you sell but also by renting business properties or selling properties.

 

[RicAngelo]

I know right? it's just a basic instinct as humans and also as business owners how to survive and gain more money or profit and multiply the profit by investing in another business