3. Scaling Faster - Deepstash
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3. Scaling Faster

3. Scaling Faster

You’ve likely heard the expression,“Wealth begets wealth.” Essentially, higher amounts of money and income will attract more money and ROI. Having multiple sources of income will allow you to invest a greater proportion in both your primary company and other new sources of income. In short, you will likely be able to scale faster because it is a virtuous cycle.

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4. Working From The Comfort Of Your Own Home

4. Working From The Comfort Of Your Own Home

With the rise of remote work, there has recently been more debate about what is best: working in an office or from the comfort of your home. This is relative, as both options have their benefits and disadvantages.

No matter your opinion, as your own boss, you will be the one to decide where...

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2. Greater Stability And Safety

2. Greater Stability And Safety

It is important to make sure that your first business is mature and developed enough before you start focusing on an eventual second source of income. However, I believe it is also important for entrepreneurs to always have an ambitious attitude and seek new sources of growth.

Having multip...

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1. Achieving Financial Independence

1. Achieving Financial Independence

In the early stages of a new business, it is usually the founder who takes on many tasks themselves. With progress over time, the goal is to delegate secondary tasks so that the executives can focus on the 20% of tasks that will generate 80% of the results to scale the company.

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5. Living Your Dream Life

5. Living Your Dream Life

Everyone wants to live their dream life, but not everyone is able to achieve that goal. If you are smart and manage more than one source of income, then you have a real chance of creating the dream life you want. The more time and effort you put into building your sources of income, the greater t...

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