Multiple Revenue Streams

Long gone are the days when one can work for one or two companies and retire with great benefits. The paradigm and way of thinking must change.

Even if you’re employed and have great benefits, don’t get caught up in the day-to-day routine. It’s important to think of other avenues that will generate money. Then, someday if you find yourself without a job, at least you’ll have some income coming in from another source.

Ask yourself, “What am I good at? What are my interests?” Maybe you’re great with computers. There’s a need for people like you. Maybe you play piano or guitar. Start giving lessons. Maybe you love pets. Start a pet sitting service. Maybe you’re great at finding deals. Buy and then sell things on eBay. You get the idea.

As mentioned above, having multiple streams of revenue is helpful during a job loss. Last year one of my clients found herself unemployed; however, she had a sideline business of hosting jewelry parties and selling jewelry. She poured more energy into this, and it provided a nice source of extra money during her unemployment. Currently, a friend of mine is unemployed. She loves to bake, so she’s created a sideline business of selling baked goods to friends and her husband’s coworkers.

Don’t put all your eggs in one basket. Take charge of your career and your life.