9 Proven Strategies to Survive and Thrive in the post-COVID-19 Economy — Part 3 (Develop Multiple Streams of Income)

Multiple streams of income is no longer a luxury. It is a necessity. Remember I mentioned earlier that the first two things to do are to increase cash inflow and reduce cash outflow. I treated reducing outflow first because if you don’t reduce the outflow first, you would suffer the water in the basket syndrome — making a great effort and perhaps succeeding at bringing in cash inflow, only to see it disappear as quickly as they came in. After you have eradicated all wastage from your life, the next course of action would be to increase the inflow. Increasing the inflow presupposes that there already is an inflow, and you are only trying to increase it. This means that even if you are lucky enough to be among the privileged few that still have a job now, who have not had their salaries slashed, or being furloughed, you need to as a matter of urgency start increasing your streams of income if you must survive and thrive in the post-COVID-19 economy.

I have just written a first-of-its-kind book that explores all the various loopholes in the global economy and identified globally applicable business ideas that are guaranteed to bring in consistent income into your life without needing you to leave your present job, leave home, or invest any huge sum of money. In the book, I take you through a stage by stage process to determine which of the businesses matches your personality, how to set the businesses up, how to finance the business when you need to expand, how to collaborate and use partnerships and leverage to expand your business, how to build your team, how to leverage on the digital space to market your services and so much more. If you would like to be among the first to have a copy of the book, kindly visit www.ikemba.ng to request for the free PDF version of the “BOOM — 9 Strategies to survive and thrive in the post-COVID-19 economy”, and to join the waitlist for the book I just talked about above.