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Personally, I love the prospect of managing more than one business but when I look at the effort it takes to succeed in running one business that's seeing a potential growth, I know for sure that it's going to be very challenging doing it with two fast growing businesses at once.
Have you managed two small businesses at once and how did you find it challenging to pull it off?
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Managing two small businesses is challenging but doable. I use a detailed schedule, delegate tasks to strong teams, and maintain clear communication. Leveraging technology and keeping finances separate are crucial. Regular self-care and continuous learning help me stay balanced and informed. By giving much priority and also staying organized, I ensure both businesses thrive.
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It is said that the average millionaire has about five sources of income. So one needs to have quite a number of successful businesses to break into the millionaire league. I can manage two businesses at once and work towards making them big business empires.