(#323) When Is The Right Time To Add Streams Of Income To Your Business?
What factors will determine if you're ready to add another income stream?
Join me in this episode as I discuss the specific areas you need to consider before adding revenue streams to your business. You'll learn how to get started and the importance of assessing your current streams of income, financial situation, and business goals.
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Timestamps:
- (02:14) #1: Evaluate your current stream of income
- (05:04) #2: Assess your financial situation as of today
- (07:50) #3: Consider your business goals
- (11:52) What's in the Abundant Streams of Income Bootcamp?
Standout Quotes:
- (02:20) "Before adding any new stream of income, it's essential that you evaluate how much your current stream is making, how stable it is, how profitable it is, and if your stream of income that's existing is generating enough money to sustain your current business."
- (05:10) "Adding a new stream of income may require additional money..., investments, resources, and time; it's crucial to assess your financial situation at the current date to determine if you even have the necessary resources to invest in new income opportunities."
Resources Mentioned:
- Get the latest updates to Doctor TK’s events at https://www.doctortk.com/links/
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