The average millionaire has at least 7 streams of income. Yes, I said 7! As a result, they live comfortably. They don't panic when one or two businesses experience a slow period. They don't panic when one business fails. They cut their loss, redirect their focus on the ones that are succeeding, or cultivate a new one. You can do the same. As a small business owner, it's better to have multiple streams of income versus working harder and longer to increase revenue.
Here's another reason why you should have multiple streams of income shared by Todd Kusman in the article "Why You Need Multiple Streams of Income Starting Right Now"
"Creating multiple income streams allows an individual to have various cash flow sources that are coming in. This puts you in a better position to be prepared if one source of income fails. Now you have something to fallback on."
Below are some streams of income that will serve as excellent business opportunities for your small business or as a 1st time business owner.
DOTERRA WELLNESS ADVOCATE
A doTERRA Wellness Advocate is a retailer of therapeutic grade essential oils that are safe to use aromatically, topically, and sometimes internally to sooth and supplement an array of conditions. Often referred to as a form of "plant-based" medicine, always consult a physician for guidance on the treatment of certain medical conditions.
As a dōTERRA Wellness Advocate, you can reach financial goals, spend more time with your loved ones, include your family in your business, work from home, and develop leadership skills—all while elevating others with a product you believe in.