The Importance Of Revenue Diversification In Business

The benefit of having more than one income stream is when one income stream is threatened, such as live events or speaking engagements, you have other revenue lines you can fall back on.In business, depending on one source of revenue is a risky move. If that source of income dries up, you are left scrambling to build a new one during already adverse times instead of having it there to rely on, better yet, ready to amplify.

The vision behind Sarah’s platform is to unite women through a community where they can share their stories, insight & expertise and receive support for their goals and ambitions. Sarah wasn't interested in waiting to be invited to the patriarchal table, so she set out to build her own.

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ProSiebenSat.1 Shows Slight Revenue Growth, Projects Sunny Outlook Despite Hit to Entertainment BusinessGerman broadcast giant ProSiebenSat.1 Group’s first quarter revenue for 2021 showed a marginal 1% uptick to €938 million ($1.13 billion), despite pandemic-related lower advertising revenues. …
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One Entrepreneur Who Turned Her Tax Refund Into A $12,000 Monthly Revenue Generating Side BusinessShereen Campbell, like so many others, excitedly looked toward receiving her tax refund to support some of her personal interests and expenditures until one year she leveraged her tax return to scale a side-business generating $12,000 in monthly revenue.
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