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It is common today to see people who are making money through various sources of income; a person may make his income through his rental properties and also through his business. This is a good strategy, but there is a better one that he could follow.
If they want to break through to the next level, they must combine their efforts. Why? Let us first examine the process of growing these fortunes from the beginning.
These streams of income resemble snowballs. They started as nothing but loose snow, and they were packed together by the hands of the business owner into a ball shape. The owner would then push the snowball along the ground; if he did not push it every step of the way, it would not move. Eventually, however, as the snowball picked up snow, it would also pick up momentum. Soon, the ball would be rolling down the hill by itself.
When it rolls on its own, it still requires attention from the owners, for they still have to steer the ball and make sure it does not go off course.
When there are two balls rolling on their own, there is a problem: it is impossible to give both your full attention. If your business is becoming very successful, then you cannot focus on the real estate. You'll need to sell the real estate and channel that money into the business so that you can focus on the business. To avoid this problem, it is best to combine the sources of income before this problem arises.
Ray Kroc, the founder of McDonalds, was a genius who did this. Many people do not realize that he owned two companies, a restaurant business and a real estate business. Many who own real estate will buy a piece of property, and a tenant will pay that person for the use of their property. However, what Ray Kroc did, as a part of his franchising, was have the tenant pay for the property and pay him rent.
He could acquire property for free that paid him, because he combined his snowballs. Now, any work he does will build both his restaurant and his real estate business.
You must combine the snowballs. You must focus your efforts.
If they want to break through to the next level, they must combine their efforts. Why? Let us first examine the process of growing these fortunes from the beginning.
These streams of income resemble snowballs. They started as nothing but loose snow, and they were packed together by the hands of the business owner into a ball shape. The owner would then push the snowball along the ground; if he did not push it every step of the way, it would not move. Eventually, however, as the snowball picked up snow, it would also pick up momentum. Soon, the ball would be rolling down the hill by itself.
When it rolls on its own, it still requires attention from the owners, for they still have to steer the ball and make sure it does not go off course.
When there are two balls rolling on their own, there is a problem: it is impossible to give both your full attention. If your business is becoming very successful, then you cannot focus on the real estate. You'll need to sell the real estate and channel that money into the business so that you can focus on the business. To avoid this problem, it is best to combine the sources of income before this problem arises.
Ray Kroc, the founder of McDonalds, was a genius who did this. Many people do not realize that he owned two companies, a restaurant business and a real estate business. Many who own real estate will buy a piece of property, and a tenant will pay that person for the use of their property. However, what Ray Kroc did, as a part of his franchising, was have the tenant pay for the property and pay him rent.
He could acquire property for free that paid him, because he combined his snowballs. Now, any work he does will build both his restaurant and his real estate business.
You must combine the snowballs. You must focus your efforts.
About the Author:
Cody Scholberg, a recognized expert on finance, writes about money making ideas and ways to make money with direct sales companies.
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