3 Reasons To Grow Your “Lifestyle Business”
So, you’ve got wealth. BUT – do you have liquidity?
A little Business School 101 – your net worth is determined by the aggregate difference of your assets and liabilities. Liquidity (or the ability to convert your assets to cash) increases your overall net worth. But, we know all of that, right?
The reason I ask is this: whether its a steady “side hustle” or your main source of income – how diligently are you working on building your cash flow?
Are you stuck reading books about “passive income” (claiming that you’re “wealthy” because of cryptocurrency, or “you’re your own boss,” etc); or, are you ready to grow your liquid capital the RIGHT way?
We live in an economic state of “weak market efficiency.” Prices are volatile; events are uncertain; the labor force constantly changing. Do you have a plan in place for generating real and consistent cash revenue/liquid capital? In a post-pandemic landscape, here are three reasons why to grow your lifestyle business (and how Dynamic Wave Consulting can help)!
1.) Your neighbors are doing it. Yes, you read that correctly. Nearly 3,500 new businesses emerged during the COVID-19 pandemic in Philadelphia, PA. An estimated 1 in 4 white collar professionals has opened up (or at some point has managed) a “side business” or start-up over the last 5 years. Once you correctly position your “idea” digitally (and yes, we can help with that); establish a reliable client base; you’re ready to scale and grow your business – generating honest, earnest liquid capital. It might take some strategic free consultations at first, discount incentives, and a “sales throughput process” – but with hard work and dedication, you’re well on your way to BUILDING something!
2.) It’s easy! No, this isn’t a gimmick. Did you know that it’s entirely free to set up your own basic website template on Wix.com? And what’s more – with Wix’s advanced/e-Commerce features – you can directly message customers, send out e-blasts, monitor traffic/analytics, and improve subscribers in one, centralized location. (Dynamic Wave Consulting proudly boasts Wix “Legend” Partnership Status).
3.) There are far-reaching tangible and intangible benefits. What’s more fun than making money? Making money the right way. No smoke and mirrors; no “get rich quick schemes” – growing my lifestyle business (into an award-winning entity) was empowering. When I helped my client Carlos Colon of ThankX secure his first partnership with Juice Dr. – now delivering to the Philadelphia Phillies – I was overwhelmed with a feeling of fulfillment. Helping your clients start to thrive can empower – giving you versatile, transferrable tools into any business venture moving forward!
According to AP News – entrepreneurs were able to “outlast” the pandemic (and really thrive through it) due to creative tools and community connections (facilitated by digital technology). Dynamic Wave Consulting can help position you for growth – transforming your “side hustle” into a revenue-generating entity.
Schedule your free consultation with us today at http://www.dynamicwaveconsulting.com
Bruce (MBA – Villanova University)