EVERYONE SHOULD HAVE AT LEAST 4 INCOME STREAMS (part 1)
STREAM ONE: HAVE A CASHCOW:
This is your daily income stream. You milk it everyday. That is what we should all strive for. Find creative ways to find investments along this line. What businesses can do this? A number. But here are a few suggestions. Sell consumables, things people buy and use everyday. Food, groceries, eggs, toiletries. Trust me the biggest and most common business in Nigeria is a shop that sells groceries. Most people build their houses and then add a shop there! Why? We already have instinctively the ‘cash cow’ mentality. We want daily income. Now the problem is that we have a very small vision for that shop. Yet Walmart has 25,000 stores and they started from a small store. For your information, Walmart, as st the time of this writing is worth $250 billion. What is your cash cow? What can you sell and earn daily. What can you sell and distribute in large quantities.For me, my cashcows are my businesses: The printing press, the playstation center, the multimedia studio, and my copiers located in a number of universities).They generate me daily income and everyday I am seeking ways to expand their income potential. Of course there are other streams I engage and will discuss them with you tomorrow. Until then : Think daily income. Think value, frequency and volume.