THE BIBLICAL BILLIONAIRE CLUB- FRAMEWORK FOR ESTABLISHMENT OF NEW INCOME STREAMS

Occupation (not entrepreneur, say what you actually do)

1. Assess Business Stability:

Is your primary business generating consistent revenue and profits?

Yes

After all expenses, about how much profit is usually left.

1,000,000 and above

Less than 1,000,000

Have you established a solid customer base and market presence?

Yes

Do you have repeat customers who are loyal to the business?

Yes

What percentage of your customers can you call repeat or loyal customers?

40%

More than 40%

Less than 40%

Are your operations running smoothly without surprise expenses here and there?

Yes

2. Evaluate Market Demand:

Is there a demand for complimentary products or services related to your existing business?

Yes

Have you identified untapped market segments or niche opportunities in your industry?

Yes

If You Have Identified A New Stream Of Income To Start, The Next Few Questions are for you.

Do you have the necessary resources, such as

1. time (extra time on your hands)

2. money (excess profits after expenses), and

3. personnel (Good hands you can rely on), to pursue additional streams of income?

1 and 2 only

1 and 3 only

2 and 3 only

All 3

Do you have existing infrastructure to support a new venture. That is, your fixed costs for that venture is already settled by your current venture.

Yes

4. Consider Scalability and Sustainability:

Will the new stream of income align with your long-term business goals and vision?

Yes

Is the new venture scalable, allowing for growth and expansion over time independent on the current one?

Yes

Have you identified potential risks and challenges and developed strategies to mitigate them?

Yes

NEW INTERNAL STREAMS OF INCOME

You don’t always have to start a new external stream of income.

You can start one internally with the same product and offering you already have; e.g, Amazon Go.

Answer these questions to see if your business is viable for this.

NEW INTERNAL STREAMS OF INCOME

You don’t always have to start a new external stream of income.

You can start one internally with the same product and offering you already have; e.g, Amazon Go.

Answer these questions to see if your business is viable for this.

Are there different revenue models or business models you can explore, such as subscription services, affiliate marketing, or licensing agreements within your current income stream?

Yes

Can you leverage digital platforms, such as e-commerce websites, online courses, or digital products, to reach new customers and markets?

Yes

THE BIBLICAL BILLIONAIRE CLUB- FRAMEWORK FOR ESTABLISHMENT OF NEW INCOME STREAMS

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