Mostly when we hear a about the concept of multiple streams of income we are talking about affiliate marketing business opportunities. This is a very sound theory that includes the ideas that if one program isn’t doing great at any time, the other programs will make up for it; just the fact that some commissions may be small for some programs, but if you put them together with others they even out pretty nicely.
Another way to see this multiple streams of income concept is in having for example a day job and a home business, both earning income, and/or if you have lost your main source of income and need to earn money to survive while you find another. It actually fits very well with the idea of working temporary jobs or contracts on a flexible schedule, while looking for a permanent full-time position OR building a home business!
Temporary positions can be
Frankly for financial reasons it is a lot more ideal if you can develop a part-time business when you still have an income to support yourself. However if you are not prepared when you lose your job, you can still work it out if you are really focused, disciplined and determined to land on your feet.
You have to be realistic, no matter how shocking it is to lose your job unexpectedly. Take a few days to digest the information and get your bearings. If you are being laid off in a workforce reduction the theory is to let you know on a Friday. This is so it doesn’t disrupt your job performance during the week and so that you will have a few non-business days to get used to the idea that you have nowhere to go on Monday.
Typically they have known about this for some time but do not let you know because they want to lessen the chances of sabotage or other problems. T