Make your Small Business an Investor
August 28, 2009 in Small Business Insight Tags: business philosophy, diversify, investing, money
I always believed that diversifying is the best way to minimize risk. This is true for investing and your small business. Your business should try to create as many, viable incomes sources, as practically possible. This spreads your risk across multiple sources which lessens the likelihood of a catastrophic loss.
When small business owners think of diversifying their company’s income sources, very few consider investing in Stocks, Options, Mutual Funds, ETF’s or Fixed Incomes. Investing does introduce risk, but entrepreneurs and business owner are no stranger to risk! Use good judgment, don’t risk your operation budget on investing, but use 2% of any profit, no matter the size, and invest it.
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