best business

Are You Ready To Start A Business?

Are you ready to start your own business? A lot of people feel they are, but they haven't considered what running their own business will really entail. They are interested in setting their own work hours, not having a boss and having unlimited income potential. These items are the rose-colored glasses of owning your own business.

I'm going to share with you the five reality check questions I ask my fledgling entrepreneur clients.

Moolah

Ways People Mess Up When Establishing Multiple Streams Of Income

I was recently at a networking meeting and met a really nice woman. After several minutes of conversation, I asked her what she did. She excitedly launched into how she was a real estate agent, but that was slow right now, so she was going back to giving massages, but she was also selling Mary Kay cosmetics.

While I was trying to process all of those unrelated businesses, she dug into her purse and handed me a card that listed her as an Ambiance Coach. I questioned her about that since it didn't seem to fit with any of the businesses she'd mentioned. Amazingly, she said, "Oh, I'm also a distributor for PartyLite Candles."

Doing four totally different businesses with different target markets is the wrong way to establish multiple streams of income. Why?

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