|M in the Money Tree Formula Stands for Multiple Streams of Income
The first goal in starting your own home-based business is to add another stream of income to your life as a safety net in case other of your streams of income dry up. The home-based business you select should be a source of more than just one stream of income. It should eventually become a source of multiple streams of income all by itself.
For example, suppose you’re considering buying an existing restaurant. What
is its potential for growth? Can you add more shops? Is your idea franchisable? Can one of your food entrees` be sold nationwide as a frozen item? Can you license your special cooking secrets to other restaurants? Is there a cookbook in there somewhere? What about bottling and selling your special sauces? Get the drift? Don’t even consider a business that doesn’t have expansion potential for additional streams of income. That’s why the first M in the formula is intended to remind you of multiple streams of income.
Source: Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth! Second Edition
by Robert G. Allen
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