How to build multiple businesses - Marvin Germo

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How to build multiple businesses

By: Marvin Germo | April 6, 2021

Have you ever dreamed of building multiple businesses? If yes, you’re not alone! There are many aspiring entrepreneurs like you who have been planning and saving up for their businesses. It’s already a challenge to build your first business. What more if what you want is more than one?

Don’t worry, I’ve seen a lot of business owners who started from one to multiple businesses. You can do the same if you have the courage and patience. So, how can you do it? What do you need to successfully build your multiple businesses? What are the steps to do?

Focus on your first business

If you want to build multiple businesses, focus on your first company first. Why? You need to have a strong foundation if you want more than one business. Your first business will train you to become a good entrepreneur. You will learn how to handle your business finances at this level. Your first business will be your trading ground. Focus on your first company. Strengthen it. Make it the foundation of your knowledge and experience. If you really want to have multiple businesses in the future, always do an excellent job in your first business. To have a Bitcoin Wallet click here. 

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The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.

Stock Smarts Zoom Technical Analysis
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Stock Smarts Book Series

More savings, less loans

It’s normal for businesses to take out loans to expand. The difference between taking out loans for business purposes and borrowing money for personal use is that when you loan to expand or build your business, you are actually allowing your money to grow. So, it’s fine to take out loans as long as it is for business purposes. However, it’s better to take into account to mix your funds with your savings. Your funds should be more savings and less loans. If you follow this advice, you will have more equity in your business. To have a Bitcoin Wallet click here. 

One step at a time

When you are planning to build a business or businesses, don’t take everything at once. Do it one step at a time. You need to take things slowly if you want to succeed. There’s no such thing as a get-rich-quick scheme. Whether it’s a business or an investment, you won’t find a system that will give you the biggest ROI in a short span of time. You need to slow down and think realistically. Your wealth will follow if you do things slowly but surely, always remember that.

Building a business is worth it

Having your own business to run is worth it, not just because it’s a pride for you as an owner but because it’s a stable source of income especially if you managed to grow your business. Also, it takes time. Your business needs time to ripen. You also need time to ripen. As you manage your business, you will gain more experience and meet more customers which will make you more competent in this field. Having multiple businesses is actually a good goal and it’s doable if you have the courage, the patience, the discipline, and everything needed from a great entrepreneur.

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