Personally, of course people will have different reasons for having multiple businesses, but in general it is to diversify their businesses, so that if there is one business that is less profitable it will immediately be covered by another business.
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Click Here to Support Us!This is the simply truth. It is a lot easier and safer to have multiple sources of income. This would help increase how much more money comes in.Personally, of course people will have different reasons for having multiple businesses, but in general it is to diversify their businesses, so that if there is one business that is less profitable it will immediately be covered by another business.
Some businesses that closed down during pandemic were not able to recover and they permanently closed. Most of these are service establishments like salon, spas, and some eateries.That's right the COVID period taught a lot of people this lesson. Most of them who had a single source of income had to start from the beginning again after the lockdown.