059: Tim Meuchel on Creating Multiple Income Streams

Multiple Income Streams

Are you making just enough money to cover expenses? Maybe you are putting a little away, but are you getting ahead?
Is this your story? Have you projected out the numbers until retirement?
That was me, at least earlier in my adulthood. I hadn’t really thought about creating multiple streams of income.
I was confused… thinking about moving from one venture to the next.
But was that the solution?
Tim Meuchel - The 10 Factor

Tim Meuchel – The 10 Factor

TUNE IN to the 10 Factor, Episode 59. Tim Meuchel talks about creating multiple income streams.

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Tim Meuchel
 

Tim Meuchel is the bestselling author and podcast host of The 10 Factor: From Struggling to Thriving Business in 10 Months. Like many successful entrepreneurs, Tim failed his way to success. He gave up $334,200 in 2008 after resigning from a twelve-year corporate management career to pursue his side business full-time. The business quickly grew 8X and within four months Tim's wife quit her job as well. Several years later a bad business deal left Tim's company almost bankrupt. Tapping into emergency funds, he fought back and restructured the business; resulting in a new profit producing model requiring less than 40% effort. Seeing an opportunity to give back and help other struggling entrepreneurs Tim reverse engineered his process, validated it with top entrepreneurs, and created a ten-month roadmap - The 10 Factor.