Myth # 10: You Should have Multiple Streams of Income to Build Wealth & Achieve Business Success

As entrepreneurs, we’re told that the fastest way to build wealth is to have multiple streams of income, and diversifying our projects is the only way to achieve security. It always reminds me of the old wives tale “Don’t put all your eggs in one basket”. 

But this approach to business demands more effort, saps our energy, and keeps us from truly pursuing our passions. Focus is actually the key to building wealth & achieving the life and business we truly want. 

Laura Shook Guzman is back in the co-host chair to help me bust the myth that you should have multiple streams of income to build wealth and achieve business success! 

As an accomplished psychotherapist, trauma specialist, and devoted community leader, Laura brings enormous expertise, insight, and energy to our chat.

Join us as we discuss: 

  • The illusion of multitasking, and how shifting our focus from one income stream to another robs all your projects of the momentum they need to succeed.
  • Why it’s so important to gather data on where your income comes from, and how your efforts (and passions) really impact your clients.
  • The huge benefits of creating a single business that incorporates your multifaceted passions, in terms of time, energy, income, and impact. 
  • Why, particularly for women business owners, focus is a superpower AND an act of self-care.
  • How to recognize and overcome the fear of going all in on yourself and your vision.

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Thank you for being you. We are so honored to have you as a listener!

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About Sonya Stattmann

Sonya has spent the last 24 years working with thousands of individuals, leaders & organizations around personal development. She offers resilience-based tools for stress management, mental wellness, navigating change, and dealing with relationship challenges. She currently works 1:1 with founders, leaders & high achievers through her stress management coaching program. She also offers wellness & resilience workshops for teams. She also hosts both public and private podcasts. Her mission is to help individuals and teams build more resilience and navigate adversity, change & stress more effectively. She currently resides in the USA, but you can often find her and her family traveling the globe.