The Diversity Question: Tips Every Entrepreneur Should Know About Growing a Venture
One of the most common questions Matthias Schmelz gets asked is: Should I have multiple streams of income or put all my eggs in one basket?
According to Schmelz, put all your eggs in one basket. And then watch it grow. It may seem contrarian in a culture focused on mitigating risk. But in reality, successful people find something that works and they stick with it.
Critics would argue that’s dangerous. According to them, too much of one thing is never good. Advocates rightfully point out though, that having multiple streams of income eventually becomes too difficult to manage. The problems that result such as poor financial management ultimately defeat the original purpose of becoming wealthy.
So what should you do?
1. -If you don’t want to lose, then put your eggs in many different baskets. You may not win much, but you won’t lose much either.
2. -If you’re in it to win, put your eggs in one basket and watch it diligently. Pick one product in the market and become an expert on it.
3. -Think before you decide. Know your goals and what you want to achieve. Get the necessary information. And then act on it! Sitting on good information is just as bad as utilizing poor information. Balance your decision as much as possible between rationality and your gut instinct. If all else fails, go with your gut!
When deciding the best course of action, remember to give yourself credit. You may not have all the answers you want, but you know a lot more than you think you do. Give yourself room to think through the information you do have. The first thoughts that come into your head are usually the most accurate. You’ll be surprised at what you come up with. Taken from an interview between Lance Hood from SuccessInsiders.com and Matthias Schmelz.
This was taken from an interview between Lance Hood from SuccessInsiders.com and Matthias Schmelz.
“Today is Your Opportunity to Rise Up and Live the Life You Choose!”
Lance Hood
P.S. If you haven't picked up a copy of my FREE CD, "The Secrets of a Self Made Multi-Millionaire" with Matt Bacak, then you are really missing out, go here: http://www.successinsiders.com/home.html
SuccessInsiders.com is committed to helping people succeed, both personally and professionally, by providing them with interactive access to an ever growing team of Millionaires and Experts in wealth creation and personal development. By following the guidance and strategies, through interviews, expert Q&A, telecoaching and other resources offered by people who have already succeeded, a person’s chance for success is greatly increased.
CONTACT INFORMATION:
Heather Thomas
(641) 715-3900 ext. 7576941
support@successinsiders.com
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One of the most common questions Matthias Schmelz gets asked is: Should I have multiple streams of income or put all my eggs in one basket?
According to Schmelz, put all your eggs in one basket. And then watch it grow. It may seem contrarian in a culture focused on mitigating risk. But in reality, successful people find something that works and they stick with it.
Critics would argue that’s dangerous. According to them, too much of one thing is never good. Advocates rightfully point out though, that having multiple streams of income eventually becomes too difficult to manage. The problems that result such as poor financial management ultimately defeat the original purpose of becoming wealthy.
So what should you do?
1. -If you don’t want to lose, then put your eggs in many different baskets. You may not win much, but you won’t lose much either.
2. -If you’re in it to win, put your eggs in one basket and watch it diligently. Pick one product in the market and become an expert on it.
3. -Think before you decide. Know your goals and what you want to achieve. Get the necessary information. And then act on it! Sitting on good information is just as bad as utilizing poor information. Balance your decision as much as possible between rationality and your gut instinct. If all else fails, go with your gut!
When deciding the best course of action, remember to give yourself credit. You may not have all the answers you want, but you know a lot more than you think you do. Give yourself room to think through the information you do have. The first thoughts that come into your head are usually the most accurate. You’ll be surprised at what you come up with. Taken from an interview between Lance Hood from SuccessInsiders.com and Matthias Schmelz.
This was taken from an interview between Lance Hood from SuccessInsiders.com and Matthias Schmelz.
“Today is Your Opportunity to Rise Up and Live the Life You Choose!”
Lance Hood
P.S. If you haven't picked up a copy of my FREE CD, "The Secrets of a Self Made Multi-Millionaire" with Matt Bacak, then you are really missing out, go here: http://www.successinsiders.com/home.html
SuccessInsiders.com is committed to helping people succeed, both personally and professionally, by providing them with interactive access to an ever growing team of Millionaires and Experts in wealth creation and personal development. By following the guidance and strategies, through interviews, expert Q&A, telecoaching and other resources offered by people who have already succeeded, a person’s chance for success is greatly increased.
CONTACT INFORMATION:
Heather Thomas
(641) 715-3900 ext. 7576941
support@successinsiders.com
Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY) Major Metro Areas: Albuquerque, Atlanta, Austin, Baltimore, Boston, Charlotte, Chicago, Chico, Cincinnati, Cleveland, Columbus, Dallas, Fort Worth, Denver, Bolder, Detroit, Ft Lauderdale, Palm Beach, Hartford, Houston, Indianapolis, Jacksonville, Kansas City, Las Vegas, Little Rock, Long Island, Los Angeles, Memphis, Miami, Milwaukee, Minneapolis, St Paul, Monterey, Nashville, New Haven, New York, Oakland, East Bay, Oklahoma City, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh, Portland, Puerto Rico, Raleigh-Durham, Reno, Tahoe, Rochester, Sacramento, Salt Lake City, San Francisco, San Jose, Silicon Valley, Santa Fe, Seattle, Spokane, Springfield, St. Louis, Tampa, Toronto, Tucson, Washington Dc
Labels: Lance Hood, Matt Bacak, Matthias Schmelz, Ron Heims, SuccessInsiders.com
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