Diversification—Key To Business Success
Tuesday, May 19, 2009 18:23
Diversification is one of the most proven risk management technique, which mixes a wide variety of investments within a portfolio.
In the current tough market environment, top entrepreneurs indicate that their businesses are weathering the storm of recession helped by this approach. 75% respondents listed in the annual Real Business/LDC Hot 100 league table of fast-growing businesses, which is a ranking based on sales growth over a four-year period of privately owned companies with turnover in excess of £5 million, announce that they have kept or even increased their sales projections even in the midst of recession.
And while the number of unemployment is soaring, eight out of ten of the Hot 100 entrepreneurs indicate they have not made any redundancies in the past 12 months and 75% of them say they would still have started a business today, in spite of the economic climate.
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