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Business Tips: Multiple Income Stream vs. Focusing on What You’re Good At

Business Tips: Multiple Income Stream vs. Focusing on What You’re Good At

Are you an employee? What happens after you receive your salary? Do you feel that it just slips away from your hand? are you tired of trying different ways to save but still ends up with nothing on your savings?

Maybe it’s time that you try other forms of income streams. There are people who resort and focus on a single business. There are also others who prefer multiple income streams.

Here are some business tips to help you decide:business-tip-body

 

BUSINESS TIP #1:  FOCUS ON YOUR TALENT

To test unknown waters, you have to start first on the things you’re good at. Keep in mind; don’t fix what is not broken. Don’t focus on what you cannot do. Start first on the things that you are able to do.

Can you cook well? Are you good in making small crafts? Are you good at baking? Do you have the basic marketing skills for reselling?

Then use this talent and skills to have a new source of income.

BUSINESS TIP #2: MULTITASKING

Have a self-reflection. What is the result when you multitask? Was it successful? Or is it disastrous? When your multitasking turns into a disaster and stress, it is better if you focus on just one task at a time.

Learn an income stream within your knowledge and expertise. But if you can multitask and can handle stress, you can also consider having multiple sources of income.

BUSINESS TIP # 3: START WITH YOUR COLLEAGUES

Do you work in an office? They may be your first target market. You can sell beauty products and other small merchandise. You can also cook snacks and lunch for them.

If you have an extra capital, you can offer to accept their payments when they have received their salary.

BUSINESS TIP # 4: GO ONLINE

Are you a jack of all trades? Do you have a little knowledge in almost anything? Then you can try to earn online. You can sell products and offer online services. Freelancing service sites such as Up work and eLance can give you access to multiple sources of income.

Are you an employee? What happens after you receive your salary? Do you feel that it just slips away from your hand? are you tired of trying different ways to save but still ends up with nothing on your savings? Maybe it’s time that you try other forms of income streams.

There are people who resort and focus on a single business. There are also others who prefer multiple income streams. Here are some business tips to help you decide:

BUSINESS TIP #1:  FOCUS ON YOUR TALENT

To test unknown waters, you have to start first on the things you’re good at. Keep in mind; don’t fix what is not broken. Don’t focus on what you cannot do. Start first on the things that you are able to do.

Can you cook well? Are you good in making small crafts? Are you good at baking? Do you have the basic marketing skills for reselling?

Then use this talent and skills to have a new source of income.

BUSINESS TIP #2: MULTITASKING

Have a self-reflection. What is the result when you multitask? Was it successful? Or is it disastrous? When your multitasking turns into a disaster and stress, it is better if you focus on just one task at a time.

Learn an income stream within your knowledge and expertise. But if you can multitask and can handle stress, you can also consider having multiple sources of income.

BUSINESS TIP # 3: START WITH YOUR COLLEAGUES

Do you work in an office? They may be your first target market. You can sell beauty products and other small merchandise. You can also cook snacks and lunch for them. If you have an extra capital, you can offer to accept their payments when they have received their salary.

BUSINESS TIP # 4: GO ONLINE

Are you a jack of all trades? Do you have a little knowledge in almost anything? Then you can try to earn online. You can sell products and offer online services. Freelancing service sites such as Up work and eLance can give you access to multiple sources of income.

BUSINESS TIP #5: ELIMINATE

What if you do have multiple income streams but you are working yourself to death? Then you have to learn how to eliminate. Too much work and stress are not worth the cash that flows into your pocket. It is not sustainable. The real wealth is not the cash alone.

It is gaining cash for a purpose. It is also gaining control of how, when, where, and what you are doing with your time.

Use this tips to earn money in a wiser and not in a harder way. Yes, it is true that hardships and perseverance can lead to success. But who says you have to deprive and punish yourself?

BUSINESS TIP #5: ELIMINATE

What if you do have multiple income streams but you are working yourself to death? Then you have to learn how to eliminate. Too much work and stress are not worth the cash that flows into your pocket. It is not sustainable. The real wealth is not the cash alone.

It is gaining cash for a purpose. It is also gaining control of how, when, where, and what you are doing with your time.

Use this tips to earn money in a wiser and not in a harder way. Yes, it is true that hardships and perseverance can lead to success. But who says you have to deprive and punish yourself?

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Are you an employee? What happens after you receive your salary? Do you feel that it just slips away from your hand? are you tired of trying different ways to save but still ends up with nothing on your savings? Maybe it’s time that you try other forms of income streams. There are people who …

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