Episode 73: How to Create Consistent Income as an Entrepreneur, Freelancer, or Artist
Since I became a full-time entrepreneur and nomad in 2017, the biggest hurdle I had to overcome was to figure out how I would make a consistent income.
How do you build a business where you can start to create a consistent stream of income and continue to serve your customers or clients?
Join me, Vangile, your host in this podcast as I share practical things you can start to implement to start making a consistent stream of income in your business and how to align your strategy and operations to your vision. I also share how I have been able to create various streams of income in my business and start paying myself a salary.
Tune in!
Click play on the video below to watch.
During this episode, you will learn about;
[00:14] Episode intro and today’s focus
[05:18] What ‘creating a consistent income’ means
[08:15] Practical things you can implement to start making a consistent income
[08:31] How much do you need every month to live? Here is the breakdown
[11:31] Running a business gives you the freedom to set your salary
[17:00] What to consider when growing your business
[18:19] Decide on the salary you want to earn
[24:08] Narrow down to two or three streams of income
[32:10] Understanding your capacity as an entrepreneur is important
[40:12] Celebrating your consistency and making necessary changes
[41:30] Your streams of income can change
[46:16] Your takeaway homework from this episode
[52:09] Get started! There is an audience for everything
[53:59] Ending the show and call to actions
Notable Quotes
Part of growing a business is understanding the things you don't know, your areas of weakness, and hiring the right team.
A common mistake is creating all our desired income streams at once. That is almost a recipe for failure.
If we don’t feel comfortable going through our expenses, to understand how much debt we have, how much we really need for our own personal expenses then we underpay ourselves in terms of our salaries
When you are more intentional, I promise you, it is so much easier to create a consistent stream of income
Let’s Connect
Vangile Makwakwa
Website: https://www.wealthy-money.com/moneymagic
Instagram: https://www.instagram.com/vangilemakwakwa/
