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- Diversifying your business involves expanding into new markets, offering new products or services, and exploring different revenue streams. By spreading risk and maximizing opportunities, diversification can safeguard your business against economic downturns, industry shifts, and other unforeseen challenges.www.forbes.com/sites/jiawertz/2024/03/15/diversification-as-a-key-strategy-for-r…
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WEBDiversification strategy is essential for businesses for several reasons. Firstly, it ensures that a company's revenue streams are not tied to a single product or service. Thus, a business that experiences a decline …
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