Wednesday, March 25, 2020

Spreading Your Eggs: Generating Multiple Financial Streams


As an entrepreneur and business owner, I find that people recognize me by my professional title. “Oh you’re that wedding planner right?”.  I reply, “Yes I am that and a few other things”. My response usually sparks the conversation of what else do I do. In this new age, millennials dibble and dabble in multiple avenues. Opposite from the Boomer and Generation X era who most likely have stuck to one profession, my generation is interested and focused on generating multiple streams of income.

Why do you ask? Well my reason is because I have more than one passion and I don’t feel I should settle on just one. Over time, I’ve added my eggs to a few different baskets. Let’s see... there’s wedding planning, event decor, photography, editing, retail fashion curation, personal styling, writing (of course) and a couple others that I haven’t revealed publicly as of yet. I find that it’s healthy to spread your wings and fly in all the directions that you are passionate about. I’ve witnessed that "one basket person" have it all and lose it all because they relied solely on that great career without ever exploring anything else they might be equally amazing at. If one egg breaks, I have comfort in knowing that I have other options.

My greatest example would be my mom. She opened a retail bridal store over 25 years ago that’s still alive and kicking while so many stores have closed around her. But it’s not only because she sells retail bridal & evening gowns. She’s also a seamstress, alteration specialist, interior designer, florist and decor expert. So if a client walks in looking for a gown but hasn’t made up her mind just yet, my mother can easily offer her other services so she wins either way. Being multitalented also gives her the option of switching her storefront to a solely online business in the future if she chooses.

Not just in business, but in life always have a back up plan for your back up plan. We as humans can do so much more than we think we’re capable of. Continue to explore, experience and execute all beneficial things that drive you. As many states are advised to be indoors during the current COVID-19 pandemic, and more people have increased time on their hands, now is the time to embark on the something that you've always wanted to try (within the confines of your home of course). There are plenty of online tutorials, classes and "how-to" videos of your preference. Hopefully once the dust settles my hope is to see a lot more entrepreneurs emerging from the ashes and ready to take on the world.

Love & Light ✨

1 comment: