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Why having multiple stream of income does the magic: Business guild by tfame3865

View this thread on: hive.blogpeakd.comecency.com
· @tfame3865 ·
$6.96
Why having multiple stream of income does the magic: Business guild
Good day buddies, I hope you guys are enjoying my post. And if you have been following my business post and you are into business or about to start a business, you should have gotten some guild right now. Another thing to note here is that if you are interested in upgrading your knowledge when it comes to business, I will advice you to take a look at the @project-hope community, all you need to learn about business is there. The good things is that the post is not published by just one single individual but by different person who are into business or who has gotten experience from business or about starting their own personal business. As you read various business post, endeavour to comment and apply the principle while setting up your own business.



![IMG_20201116_084300.jpg](https://cdn.steemitimages.com/DQmZb2XE5fxvHednrDZhyjF2unA1qKcPHR5FettJLGnSGer/IMG_20201116_084300.jpg)


[Credit](https://images.app.goo.gl/YSs528SLCJK7W2s2A)


Today I will be talking about having multiple stream of income when it comes to business and life in particular. Before I digress, let us know the meaning of income and multiple stream.



<center><div class=phishy>What is multiple stream of income</div></center>

The name only have explained what multiple stream of income means. Multiple stream of income simply means having more than one source of income where you are being paid from. For growth in life to be possible, you need to make sure that you have more than one source of income. One bad thing about this world is that we can't predict the future, this is why it is important to have multiple source of income. Take for instant, if Business A crashes, and you have like 4 source of income, you won't feel the impact that much but if you  have a single source of income and it crashes, it will affect you so badly that you might find it difficult to rebounce from the fall.

When I was in training ground back then in 2014, our commander organise a business seminar for us and I must confess it is so enjoyable. The lesson I learnt from that seminar contribute to the progress in my life today. I was happy I attended that class. During the class, we were taught a lot of things when it comes to business. The lecturer didn't stop there, he went ahead to let us know that since we are new recruit into the work, we should not live our life with the salary alone. He let us know that if we depend on the salary alone, we might struggle to have a stand in life if unforseen circumstances hits us? He also let us  to know that we won't be able to balance fast in life if the salary is the only source if income we depend on.


![images - 2020-11-16T081638.745.jpeg](https://cdn.steemitimages.com/DQmRYEPn5qS4ga1vnH6grLKcN6z583etxuZKgRcQiJ4HeE1/images%20-%202020-11-16T081638.745.jpeg)

[Credit](https://images.app.goo.gl/BcjTNJPD2w75ai6c9)

He went ahead to give us story about his life and how he started. He said that he got a job which was worth $100. At first he was happy with the job because the job was serving his purpose but with time things change. More expenses befall him and he keep struggling to catch up with life challenges. While struggling to combat life, he met a man who advices him to make sure he has another source of income. He told him to make sure he has more than two. He got home and medidate in the words he was told by the man. He now to give it a try. He venture into 10 businesses, the first three months was hell for him as he was struggling to catch up with things. As we have it, 3 of the business he started, had had issues while the balance 7 did justice to his life. Just 2 years into the random stream of income, his life change grately as he now have his own house, cars and more businesses to his name. One day he sat down and remembered how it all started and he prayed for God to bless the man who advices him to have more source of income.

He ended the story there and told us that we should not look at the money we are earning right now, we should learn to position ourselves right now by making sure that we have more source of income to our name. If we can keep up to this, we might end up doing better than him in a long run. If you ask almost all the rich men today how they became crazily rich, they will tell you that they have multiple source of income, that is the logic that keeps putting them in the rich list. He end on that and departed.

I took up the words he said and meditated in the word day in day out. I took the mantle and things truly changes for me. I am still trying to have more source of income, like 20 or there about. I am really happy to have attended that class that day, it is indeed a blessing to me and others who takes the advice seriously. 


![images - 2020-11-16T081543.941.jpeg](https://cdn.steemitimages.com/DQmR2FsYn8wMf8BRAaupw4uuei4WtRy8rBk7pPFa8rc6p4Z/images%20-%202020-11-16T081543.941.jpeg)

[Credit](https://images.app.goo.gl/BcjTNJPD2w75ai6c9)

<center><div class=phishy>Multiple stream of income</div></center>

While running your business, you should know that not depending on single business is vital. Take for instance, you are selling cloth. There is every tendency that it might got to a stage that customers patronising you might decrease or cease. But if you have like 4 business along your clothing line, it will do justice to you. For example if all your business is set up in one place, if somebody wants to buy hair and he comes to your business centre. If he sees cream that he/she likes, he/she might end up buying cream and hair altogether. Remember this is not his/her initial plan. But because they saw that you have all they want within you business centre, they decided to chop for other things. 

Another thing that multiple stream of income can do for you is that it will open more business opportunities for you and along the line it will help to put you in a place where you will be getting hit by money from different angle.  


<center><div class=phishy>Conclusion</div></center>

While I pen this post to an end, I must let you guys knows that the world has noticed big surge in poverty, it is now left for you to take the advice of multiple source of income very serious by making sure you places your self in a good position so that when challenges hits up you won't feel the impact. 

In my country, things have increased so badly that the highest currency can't even buy you any reasonable thing. The currency has devalued so badly that it is valueless. I pray our economy don't go bad like that of other countries struggling today. Now since the country is passing through this tough time, it is now advisable for we to have multiple source of income so that we can be able to survive during this hardship as money will be hitting us from different business which we are into. Don't seat at the fence, give multiple stream of business the chance and your life will be swimming in multiple stream of income.


        Don't seat at the fence, give multiple 
          stream of business the chance and 
           your life will be swimming in 
          multiple stream of income.



![images - 2020-11-16T081839.382.jpeg](https://cdn.steemitimages.com/DQmTR4YBfYWxZswcUDkZrAxDmiAKQCYc5YMrVD6TGxKuqC1/images%20-%202020-11-16T081839.382.jpeg)

[Credit](https://images.app.goo.gl/8pXzpdDEngiiHP9M6)



 * If you love my post, feel free to comment and also support me, it will help to get me motivated.

> Please don't forget to support the Project hope community

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Special Thanks to the @crypto.piotr (Founder) and the entire team for keeping the engagement high.



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# > Ignore the hivewatcher comment, I have appeal it and It will be removed soon.
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@carlos84 ·
In my country Venezuela the same thing happens, due to our inflation we Venezuelans are almost in the obligation of having several jobs that generate several sources of income. Greetings and thanks for your contribution.
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@tfame3865 ·
That is the only way to get out of the mess we are all into
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@hivewatcher ·
Warning! This user is on our black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #appeals channel in [our discord](https://discord.gg/7FkETjJ).
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@indiaunited ·
Indiaunited Curation 1605642687326
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@poshbot ·
https://twitter.com/tualety49/status/1328630029069262848
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