How to Deal with “Feast or Famine” Cycles: Start a Side Business

How to Deal with “Feast or Famine” Cycles: Start a Side Business Avatar Posted by Caron_Beesley under Strategy
From 327 days ago
Made Hot by: sophia2 on October 1, 2016 1:18 am
Feast or famine cycles can be hugely problematic for small businesses. Instability, worry, and cash flow gaps are just some of the side effects of inconsistent sales and workloads. In my earlier blog, I talked about some immediate fixes you can take to overcome cash flow problems associated with periods of “famine”. Here’s another option— start a side business.


Written by tiroberts
324 days ago

One of the ways to deal with this is invest in passive income streams

Written by HeatherStone
324 days ago

Yeah, Caron,

Diversification is the name of the game it seems to me. Big investors do it with their portfolios. Big brands do it by acquiring compatible or even competing brands to diversify their revenue. Small businesses need to learn to do the same. And this is the case not just to take care of seasonal or sporadic income gaps. It CAN be to protect your business long-term in the event of inevitable market shifts.

Log in to comment or register here.

This Could Be One of the Most Underestimated Employee Benefits

What's more important than salaries at your small business? Small business owners and entrepreneurs sometimes believe they …

Reginald Chan @ReginaldChanNet Teaches Online Business Basics

Whether you plan to start a new online business or are launching a blog as part of your company's online outreach, … More
Editor's Picks

It's time to up your game with video on BizSugar!
Post your small business video to BizSugar today!
Did you know you can now post video on BizSugar?
Have you tried BizSugar's new video posting feature?