To be successful Its exceptionally important to have multiple streams of income. If you only have one key employee, one key customer or one way of generating leads then the impact will be high if you don’t have them.

As a business owner, you need to focus on working to have more than one stream of income so you can use your first business to fund your lifestyle and the additional businesses to invest and generate income to grow further.

 

KEY TAKEAWAYS

• Most business owners only have one source of income.
• If you have 1 key employee, 1 way of generating leads, 1 big customer then you will find things difficult if you don’t have them.
• You need to work to have two or more streams of income.
• Look at your customers and clients and ask yourself what else can you supply?
• Your first business will fund your lifestyle.
• A second business can be used to invest in generating even more income.
• Don’t stop at two, it requires the same effort to run one business as it does multiple businesses.

 

BEST MOMENTS

‘Property is a fantastic way of generating additional income’

‘I started with accountancy and extended to business advice, coaching and mentoring when I realised this was something my clients wanted’

 

VALUABLE RESOURCES

[email protected]

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

·    Facebook

·    LinkedIn

·    Instagram

·    YouTube.