<h2 class = 'uawtitle'>Business diversification could save your financial life</h2><br />
<div style='font-style:italic;' class='uawbyline'>by Sebastian MacKer</div><br /><br />
<div class='uawarticle'>Perhaps you own a business. Perhaps not. IN either case, in this article I will be asking you to examine what that does or would look like.<br />
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So imagine this could be any type of business. maybe a network marketing business or mlm. Or maybe something more Traditional such as a retail store front or some kind of service business like a contracting business, plumber, doctor, attorney. Or maybe you have a restaurant or some other food service business. It could even be an online business doing any number of things. No matter which, what I am about to share with you is crucial for longevity<br />
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Lately I've been taking a very careful look at some hidden trends. There has never been a more important time to study and implement <b>business diversification</b> strategies. It is no secret we are in the midst of what could be the most challenging economic downturn in recent history.<br />
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Let's get back to you visualizing your business. so you have been working very hard and built up something quite substantial at this point. You might even think you can coast just a bit and enjoy the fruits of your labor.<br />
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Then.... along comes the current economic situation. We are not done with it yet, the U.S. Dollar for example is still primed to take a nosedive and when that happens things will get worse not better.<br />
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So..get prepared because there is a solution.<br />
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Allow me to share a great little story...<br />
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A hard working fella I know used to be quite similar to you, the only difference is he mostly had worked as a straight commissioned sales professional (the most misunderstood self-employed group anywhere) for other companies most of his life.<br />
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However, he earned pretty well (as long as he continued to bring in more sales every month). he had managed to do that for nearly 30 years. And spent almost 25 of those years in the floor covering business, and I can honestly say he became fairly good at it and produced at the top of every company he worked for. Many Times he had produced well over $100,000 in a month.<br />
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Why am I sharing this?<br />
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In about 2006 the construction/housing market began to collapse. At this point he was doing great but was sitting on a basket of eggs. The operative word being "a" as in 1. Yes, he made the fatal mistake of having all his eggs in one basket! Though I know he really knew better and knew that <strong>diversification in business</strong> was crucial he had seemingly lost site of that.<br />
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So what did he then do? he fought harder, worked his way up to a position of ownership so he could build a team and keep more of the profits instead of working for someone else. (this may sound familiar to some of you). That team worked very hard and built a nice business during very difficult times. Somehow he had hoped things would get better.<br />
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By the end of 2011 sales that were well over $1,000,000 per year were less than $400,000 and the overhead was taking it's toll.<br />
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Today he has become focused on building a multi-faceted diversified business model utilizing the internet and the power of leverage to have a solid foundation far into the future.<br />
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Why some of you might ask?<br />
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simply stated, the current business environment coupled with stressful economic conditions have consumers completely changing their buying habits. There are noticeable changes, but the not so obvious trends are things such as focusing on their own survival by possibly starting up their own home based business for example. maybe investing in their education or learning instead of buying new carpet for another. Maybe you get this point?<br />
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The thing is NO business of any kind is immune to this and that is why I have discovered specific <b>business diversification strategies</b>.<br />
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Here is the core of my simple strategies.<br />
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Find a minimum of 4-5 different business fields to diversify to Make sure at least half of them can be conducted online Make sure that all of them can be marketed successfully online Be sure that no more than two of them are in similar industries Make sure at least 2 of them include ways to establish residual income<br />
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In another article I will be sharing the must do steps for successful <strong>business diversification</strong>. This will tell how to avoid becoming overwhelmed or losing focus on any one business. Many people believe trying to build more than one business causes one to lose focus and hurt their success. I will share with you how to make it happen.<br />
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<div style='font-style:italic;' class='uawabout'><br />
About the Author:<br />
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<div class='uawlinks'>For the best opportunity I have seen in a long time to practice business diversification explore <a href="http://greatwealthsolutions.com/global-one-ultimate-power-profits">ultimate power profits</a>. Get a solid offer to get going with a leading team with <a href="http://greatwealthsolutions.com/about-global-one">GlobalOne Companies.</a> The leaders of this team will make it simple to build a solid diversified business.</div><br />
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New Unique Article!<br />
<br />
Title: Business diversification could save your financial life<br />
Author: Sebastian MacKer<br />
Email: adsites@uberarticles.com<br />
Keywords: ultimate power profits, GlobalOne companies, spinfinity, global one,business diversification,diversification in business,home business,entrepreneur, business, money<br />
Word Count: 774<br />
Category: Entrepreneurs<br />
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