Most business owners and managers—as well as heads of households—are legitimately concerned about expenses. We watch the price of gas, utilities and other commodities rise all too often—and they seldom go down.
But the expense that gets little or no notice is the MONEY WE DON’T EARN.
There are so many ways to earn income today. Whether it be increasing a current revenue stream or creating a whole new one. There are infinite possibilities.
If you’re looking for them.
And all it takes is the willingness to pay attention, look carefully and be innovative.
The problem is, most of us get into the rut of doing the same things over and over. We focus mostly on increasing income from our primary source. That’s OK, but it limits us. It keeps our head down instead of looking around for new opportunities.
There are always underperforming products and services. There are always new and different ways to generate more income.
Where could you generate income from unused or underutilized resources? Ask the question. Ask your team. Ask your advisors. You can use the skills and knowledge you have to create additional income.
It requires different thinking. But if you think of your biggest expense as being the money you don’t make, you’ll start to find ways to generate new and different revenue streams.