Neil’s Blog

February 27, 2008

Stepping Stones to Success, Part Four

Years ago, while having lunch with a mentor, he began to teach me the principle of multiple streams. It was one of the most valuable lessons that I’ve ever learned. Since then I have seen its wisdom lived out in many areas of life.

Solomon said, ”Give portions to seven, yes to eight, for you do not know what disaster may come upon the land.” (Ecclesiastes 11:2)

By diversifying your income and investments, you are able to establish a base that is solid. Most people have yet to learn the value of variety.

Abraham was made rich in ”sheep and cattle, silver and gold, menservants and maidservants, and camels and donkeys.” (Genesis 24:34)

By establishing the stream of eight in his life, Abraham was able to grow rich in many arenas of life.

2 Comments →

Comments

  1. This principle is vitally important in the business world, but overlooked. The new craze is to develop A niche market. This principle should lead business owners to develop several niche markets so when one industry or niche takes a “hit”, there are several more producing fruit. Several of my friends had niche markets selling to the mortgage lending industry, now they are facing the consequences of thier lack of diversification.

    Gary Hires on April 13th, 2008 at 9:12 pm

  2. This principle is vitally important in the business world, but overlooked. The new craze is to develop A niche market. This principle should lead business owners to develop several niche markets so when one industry or niche takes a “hit”, there are several more producing fruit. Several of my friends had niche markets selling to the mortgage lending industry, now they are facing the consequences of their lack of diversification.

    Gary Hires on April 13th, 2008 at 9:12 pm