The one basket theory

The one basket theory

Do not put your eggs in one basket.

Whatever you do make sure you diversify.

These are very common advice we all have gotten at some point or the other but even more important that having multiple income streams even as a business is the ability to open up a stream to flow at its maximum capacity.

It is important to be able to explore the forrays of your working business model to know its length and breadth before diversifying.

A common mistake Entrepreneurs make is that they quickly look around for other potential investment grounds once a little success is achieved in their business hereby barely scratching the surface of either businesses and the main business eventually suffers.

True mastery takes commitment and such commitment doesn’t come with diversification most especially an early one.

Every Entrepreneur should learn to Keep it simple by focusing and mastering their craft as this is a major recipe for business success

  • Bolaji
    Posted at 16:23h, 12 August Reply

    True. As an entrepreneur ‘ a little success’ can give an illusion that one has arrived without giving much thought to the dangers or pitfalls of diversifying prematurely.
    Great tip.

    • wsgs_admin
      Posted at 16:19h, 13 August Reply

      Thank you

  • Anthony G
    Posted at 15:42h, 13 August Reply

    I like the oxymoron

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