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CHAPTER 9 GROWING YOUR BUSINESS EMPIRE

offerings so that when one revenue streams dries up, they
have ten more to make up for it.

One of the reasons why I have built Adam Khoo Learning
Technologies Group to cater to multiple market segments (from
students to business owners) across various countries is so that
I can be assured that any change in any market segment can
be easily offset by growth in another.

Another reason why you have to keep focusing on growth is
to retain and continually attract the very best talents in the
industry. Remember that every employee that joins you has
the dream of earning a higher salary every year. All of them
aspire to be promoted and to become the manager/director
of a division in the foreseeable future.

Unless you make higher profits every year, you cannot fulfill
your employees’ aspirations of higher incomes. Unless you
grow your business operations, your staff will never be able
to move up and take on larger roles. This is why a business
that experiences stagnant growth will soon begin to lose their
best employees and managers. This will lead to the eventual
downfall of the company.

Finding Resources to Fuel Your Growth

The greatest challenge you
will face in growing your
business is finding the money
to fuel your expansion. Like
the old saying goes, ‘It takes
money to make even more
money.’ You will need more
money to hire more staff, do

SECRETS OF BUILDING MULTI-MILLION DOLLAR BUSINESSES 265