Christian Diversification
I went with my family today to Morey’s Pier in Wildwood, N.J. Morey’s started about 40 years ago, with just a fun slide. Today, it is one of the top amusement “parks” in the U.S.
My wife and I talked about all the possible ways in which Morey’s makes money…from the fees for the rides, all the discount packaged fees, the concession stands for food and drink that they run, the arcade games, and I’m sure there are others we didn’t notice…and now they have three piers!
This is an example of the importance of diversification; of developing streams of income. Most individuals, businesses, existing or startups, and sometimes even not-for-profits/ministries don’t think about the different things they can do to bring in income.
This doesn’t mean to lose focus, but focus on how to not “lose!”
What are or have been your ideas for diversification?