How many alternate streams of income would you consider as a really good spot to be in both personally and as a business? I am targeting 5 different avenues (Salary/Revenue, investment dividends, bank account, and independent consulting). Anybody have any other recommendations?

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TLDR; 2-3.

Multiple streams are good if you can effectively manage all of them. Loss of focus on any one of them can lead to losses for that company that you don’t have time to manage, and could sabotage the best opportunities.

If you’re doing this to see what sticks, give projects a limited amount of time to get traction, and if they’re not working, let them go and focus on your top businesses. Then focus on scaling the top businesses.

Also set a goal of what’s worthwhile. For example, how much would you invest to create a $1k/month income stream?

I’ve seen multiple times over people stretching themselves too thin and losing money on good ideas while missing out on the best ideas.

What I’ve seen work: a primary job, a passive side business that’s managed by another person (like dropshipping or Airbnb) and investments that you can do on weekends (like real estate, uber driving/bartending, teaching/course creation)

What I’ve seen that failed when multi tasking: multiple startups at once, day trading, content creation/book writing, professional poker, any part time physical fulfillment business or retail, first time restaurant operators. Not saying you can’t be successful here, but these take full time effort.

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Also I've seen too many episodes of kitchen nightmares to want to go into the restaurant business without background too

Number of income streams is immaterial compared to aggregate income

Or does that not matter business wise?

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