The benefits of having some sort of additional stream of income other than your day job far out weigh the initial frustrations of getting one started. There are literally hundreds of possibilities for you. You may even already have a few brilliant ideas in your head right now. Now you just need to make a decision to get started. Please allow me to share just a few of my ideas that may be the kick in the ass you need to making a decision and getting started.
Less is More.
It may seem like a great idea to have multiple streams of income. And it is. However, let’s build one strong income stream at a time.
Once you’re providing amazing value and earning great income, you can venture out into other opportunities as you wish. But you don’t want to spread yourself too thin in the beginning or ever.
Living a life of abundance includes increasing your finances. But an abundant lifestyle also incomes time freedom. Until you can outsource and delegate your side hustles, less is better.
F.O.C.U.S – Follow One Course Until Success
Three Steps to Making a Decision and Getting Started
1. Decide on the one that get’s you excited.
As you starting looking through the list of options to starting your own business and or secondary income stream, you will see the one that gives you a jolt of energy and maybe even make the hair on your neck stand on end.
Another indication might be, when you’re doing research on the opportunity you lose track of time. If you find yourself in the zone and not paying much attention to anything else around you, you just might have found something you can get very passionate about.
2. Find something that someone else is already doing.
You might think, “Crap, someone is already doing that in my area.” It may not make sense right now, but that’s a great thing. This is what’s referred to as Proof of Concept.
Have you ever wondered why when you see on Pawn Shop you see five other in the same general area? What about Jewelers or fast food joints? There’s a reason for that. The competition also provides convenience and variety for your potential customers.
Beside, this further proves your service or product is in demand and others are willing to pay for it. You will have to figure out how to be just a bit different in your service. We can talk more about that in another post.
3. Do not try to go it alone.
This is another very common mistake and cause for people to give up on their dreams and goals before they are even give a chance to make a difference in the World. There are too many resources available today for you to seek guidance, coaching and mentorship from.
You can find countless videos on YouTube and other video sites. There are hundreds of thousands of Podcasts, blogs and free courses on just about any subject under the sun.
Many new entrepreneurs and side hustlers are more than happy to share their knowledge, tools and even resources. Of course you will also find a few veteran entrepreneurs who have paid courses and membership sites to put your efforts on the fast track.
Regardless of how you do it, learn from other peoples mistakes so you don’t have to make the same ones. Go out and make your own. It’s guaranteed you will make your own mistakes. And you will learn from them.
BONUS – Pay it Forward.
The best way to master what you’ve learned, is to teach, coach and mentor others on your knew found skills and knowledge. You do not have to be an expert to teach and coach others. You simply have to know more than they do.
An expert in a court of law is the one who knows more about a subject than the rest of the room.
One you pay it forward to a few people, help them get results and obtain their testimonial, you are on your way to starting your next stream of income. See how that works? Pay it Forward and get Paid Back.
If this has been helpful to you, please pay this forward to others who may benefit from this post and Men of Abundance as a whole.
Mahalo for hanging out with me. I truly appreciate you.
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