#164: Tactical Tuesday: Systematizing Multiple Streams of Revenue

<p><strong>OVERVIEW:</strong></p> <p><span style="font-weight: 400;">Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the</span> <em><span style= "font-weight: 400;">Healthcare Entrepreneur Academy</span></em> <span style="font-weight: 400;">podcast talks about how you should approach creating multiple streams of revenue to set yourself up for success as you expand your business. </span></p> <p> </p> <p><strong>EPISODE HIGHLIGHTS:</strong></p> <ul> <li><span style="font-weight: 400;">When you're creating multiple streams of revenue, there are two important factors to consider - timing and sequencing.</span></li> <li><span style="font-weight: 400;">If you pursue multiple streams simultaneously, none will work. </span></li> <li><span style="font-weight: 400;">Avoid pulling yourself into different directions. Focus on your primary business first before trying other ventures.</span></li> <li><span style="font-weight: 400;">Think in a step-wise fashion to improve your odds for success.</span></li> <li><span style="font-weight: 400;">Be sure to have processes, systems and teams in place before expanding into new revenue streams. </span></li> <li><span style="font-weight: 400;">Jason references Elon Musk and how he built his companies through momentum and systemization.</span></li> <li><span style="font-weight: 400;">When adding new streams of revenue, add a passive stream to ensure you're not physically needed so you can concentrate on new ways to expand your business. </span></li> <li><span style="font-weight: 400;">Stay focused on creating a profitable and sustainable business. </span></li> <li><span style="font-weight: 400;">Be conscious of your energy, time and money. These are your top three personal resources. </span></li> <li><span style="font-weight: 400;">The average millionaire has seven streams of income, however, not all of them are active.  </span></li> </ul> <p><strong>3 KEY POINTS:</strong></p> <ol> <li><span style="font-weight: 400;">Creating multiple streams of revenue is a critical s