Happy Monday, fabulous!
This week's money tip: Just like investing, you should diversify the risk in your business. Create at least two revenue streams in your business. For example, if you're a coach consider offering workshops to add to your one-on-one coaching service.
I hope you had a fabulous weekend!
Thank you to all of you who showed interest in my new Money and Mimosas program. I offered seven free spots (worth $594 each) and fifteen people raised their hand to say they were interested in elevating their financial situation. If you are one of those seven lucky people, look out for an email from me later this week.
Big news in celebrity business is that Sarah Jessica Parker has teamed up with online retailer Zappos Couture to launch a luxe shoe line. Announced in Forbes last week, SJP demonstrates the importance of expanding your business and introducing new income streams.
Have you reviewed your income streams recently?
As we head into the summer months, this is the perfect time to analyze your business and design creative new offerings. Maybe you finally open your online store? Or start offering live workshops?
Or launch a new course or introduce a new product line?
Every business should have at least two income streams. And three is golden.
Celebrities are masters of creating multiple sources of revenue so they can support their glamorous lifestyles!
Take action now: For the next 15 minutes, jot down ideas for a new income stream that you can design and introduce this summer.
Wishing you a week full of bliss and beauty.
Danetha Doe is the founder and creator of Money and Mimosas. A resource for entrepreneurs who want to learn more about how to best manage their money.