The REAL Truth About Business: Business Growth Tips for Solopreneurs, Small Business Owners, Coaches, Consultants and ADHD Service Providers podcast

Multiple Streams of Income: How to Reduce Risk and Increase Revenue as a Small Business Owner [Ep. 338]

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22:38
15 Sekunden vorwärts
15 Sekunden vorwärts

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The online space loves to scream that you should narrow your focus, stick to one offer, and scale it to the moon. But for many service providers, that advice feels suffocating. You’re multi-passionate, capable of more than one thing, and honestly… relying on a single income stream is exactly why so many solopreneurs feel stressed and trapped. You don’t have to build your entire financial future on one slice of your business.

In this episode of The Real Truth About Business, Michelle unpacks the real meaning of diversifying your income and why it matters more than ever for small business owners. She shares examples from her own business, her clients, and even big-name entrepreneurs to show how multiple revenue streams can stabilize your income, honor your strengths, and support your bigger life goals. This isn’t about doing everything at once. It’s about building an intentional ecosystem that fits who you are and how you want to live.

Whether you’re a coach, consultant, OBM, VA, designer, copywriter, or ADHD entrepreneur, this episode will help you see new possibilities for earning money without burning out or abandoning what you’ve already built.

You’ll learn:

  • What “diversifying your income” really means beyond just creating more offers
  • Why relying on one revenue stream increases risk and stress
  • How unrelated income streams can support your bigger vision and life goals
  • Why it’s normal to crave work outside the online space (and how to explore it strategically)
  • How to map out your own “pie” and decide what each income stream contributes

This is the real truth about business growth, especially for neurodivergent service providers who crave clarity, structure, and results without falling for every trend online.

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Here's your Next Steps:

  1. Take the "Where's the Gap in Your Business Strategy" Quiz
  2. Connect with Michelle on LinkedIn, Instagram, Threads or Facebook
  3. Visit my website to learn more and apply for the Focused Visionary Accelerator
  4. Sign up for my newsletter - Sunday Morning Brew - delivered every Sunday at 6 am


About the Host:

Michelle DeNio is a business strategist and growth advisor for service-based entrepreneurs, especially neurodivergent and ADHD business owners. Creator of the Focused Visionary Accelerator and host of The Real Truth About Business podcast, she helps clients simplify, focus, and grow sustainably. With 15+ years in business operations, she’s known for turning big ideas into simple, profitable action plans.

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