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Black Enterprise analyzed a 2012 Neilson study that concluded that African American buying power will reach 1 Trillion dollars by 2015. Although Blacks make up 13% of the US population, they own merely 5% of all US firms and only 1.8% of companies that employ more than one person, a Small busness administration Report states. And Black owned firms are not necessarily the most profitable either.
Should we be proud of just making up 13% of the total population yet spending at a rate of growth that outpaces the remaining population by 30 percent?
Wouldn’t it be nice to earn money while not working? That money is called residual, or recurring, income. It's what can happen after you put a lot of time, effort and sometimes money into a job to continue to get paid for the work months or years after it's done. (Salary jobs are part of linear income. This income is directly related to the number of hours you work. If you work 40 hours, you get paid for 40 hours of work.) Once you set up your business to earn residual income, you continue to make money while doing other things – maybe even starting a new business to generate more residual income!
Of course, before the money starts rolling in you will probably have to put a lot of time, effort and money into the business or project. You’ll need a lot of patience and determination to see the residual income in the future. Instant gratification is not possible when it comes to residual income.
Are you looking for a way to Wakeupnow to residual income with financial independence but do not know how? On mixture of Arts, Independent Business Owner and blogger, Saytue explains how you can change your life today by simply saving money, managing money while making residual income at the same time. Financial services are everywhere, and so is money and time freedom.
Doesn't matter if you are in debt, owe student loans or just want a second income or to quit your day job. You can do this!
Welcome to At Your Service Yes Radio, hosted by Daniel Barth! This broadcast will talk about the value of time, and why it is necessary as a business to have residual business exposure!
It will also expose the "sharing" myth, and offer practical solutions for you and your business.
We also recap a few news items, and offer an encouraging word of the day, as always!
Thanks for listening to At Your Service Yes Radio!
We look forward to helping you with your business.
Every year, millions of working Americans spend part of the month of November selecting their employee benefits. It's a confusing experience for most of us. How do you choose what's right for you?
This show will focus on helping Millenial workers sift through their employee benefits options and put together a plan that makes sense for them.
Carol Harnett, president of the Council for Disability Awareness, and Jennifer Fitzgerald, co-founder and CEO of PolicyGenius, will talk through how Gen Y employees can make the most of their employee benefits choices -- in 15 minutes or less.
Doing four totally different businesses with different target markets is the wrong way to establish multiple streams of income. Why?
1. You appear schizophrenic to everyone you meet.
2. You waste time and energy working to capture the attention of multiple markets.
3. Your mind has to keep track of systems and information for four companies.
How to Create Multiple Streams of Income – The Right Way
There are two ways to create multiple streams of income that make sense:
Same target market, multiple offerings.
Same offering, multiple target markets.
Starbucks does have a number of multiple streams. In their stores, they sell coffee machines, mugs, chocolate covered coffee beans and lunch items. You can also purchase their coffee and bottled frappucino in grocery stores and I’m not sure if it’s nationwide yet, but Starbucks just launched a line of ice cream.
Any online business has set up multiple streams of income. The second way to create multiple streams of income is to market the same product or service to multiple markets.
Ex. Zukul--mention all their different products and how how have access for 1 fee instead of multiple companies paying a fee to each and you can sell the products separately.
People who should listen to this show are career coaches, entrepreneurs, affiliate marketers
in Real Estate
Today on "It's My House" we shall discuss (Cashflow vs Income Distinctions). If you want to become a proflic fundraiser you must know the difference between "cashflow" and "income" and the many distinctions that are within them both. With that in mind we shall cover the basics on these topics and then organize a simple plan that anyone can use to generate cashflow, multiple cashflows, or multiple income streams.
Feel free to call in with any questions, comments, or suggestions.
Do not forget to have pen and paper ready to take notes.
The last thing on the minds of freelancers and entrepreneurs is making certain they planned for employee benefits for themselves and/or their employees. Building and maintaining a business is always top of mind. But, entrepreneurs and freelancers can protect themselves financially -- and provide themselves with benefits such as health, disability and life insurance as well as retirement and investment products -- more easily than they may realize.
Carol Harnett, president of the Council for Disabiilty Awareness, will talk through benefits, retirement and investment options with Jennifer Fitgerald, CEO and Co-Founder of Policy Genius and financial planner, Mary Beth Storjohann (a paid spokesperson for the CDA), of Workable Wealth.
Darren Hardy, publisher of Success Magazine, calls it the set point. T.Harv Eker calls it the financial blueprint. The amount of money you make and/or your net worth (assets - liabilites = net worth) is directly related to how much you have grown personally.
If you do not take the time to grow yourself, then your income remains at your set point. If you DO take the time to better yourself, then your set point is "set" higher, which in turn, attacts a higher income.
Tonight, I'll be discussing more about raising your set point, identifying your financial blueprint, and action steps we can start today to raise our personal development level.
Join Candace Gish, Triple Diamond with Zija International as she talks about her journey. She is a stay at home Mom of 4, a wife, a home educator plus, she runs her successful home based business.
Tonight Candace's special guest is Sarah Krehbiel, from McPherson Kansas. Homer and Sarah Krehbiel are small business owners of 3 businesses with 40 plus employees.
They are Double Diamond Executives in Zija International and they both love sharing the opportunity of earning a residual income, as well as the better health they have received by using Zija.
They also serve as members of Zija’s Distributor Leadership Council and Chairman’s Club.