Why You Need To Diversify Your Revenue Stream

On this week’s episode of The Art of Passive Income, Mark and Scott welcome best-selling author and fractional CFO Ken Wentworth from mrbizsolutions.com to the show.

Ken Wentworth is a best-selling author, public speaker, cash flow pro, 6-time World Record Holder, fractional CFO, and B2B Radio host. He has been advising businesses for more than twenty years across the financial services industry. Leveraging extensive experience with financial management, business development and operations, he has advised businesses from Fortune 15 companies to startups on how to establish a solid financial path.

Ken’s level of expertise includes revenue generation, financial excellence, strategic direction, operational efficiency, change management, and risk management. He is passionate about sharing his strategies that yielded consistent results for his clients.

Listen in as they discuss:

Who is a fractional CFO
Diversifying revenue streams
Creating passive income
Assessing your business margins

And, more!

Ken also shares some of the worst advice he has seen or heard given in his area of expertise.

TIP OF THE WEEK

Mark: My tip of the week is learn more about Mr. Biz at mrbizsolutions.com, learn more about being a fractional CFO, and how it can help small businesses. He’s got a lot of content: live streams, articles, books. Get smarter!

Scott: There’s this guy Ian Ray, he created this website called tvcharts.ianray.com; when you go there you can type in any show and it will show you by series and by episodes for the show.

Ken: My tip is to take action, progress not perfection. Very important. The way I illustrate that is, and try to make this humorous, so people remember it and I say the road is riddled with a lot of flat squirrels who couldn’t make a decision. Are you going to cross the road or are you coming back? Which one are you doing, commit to it, and make it happen. You got to take action and don’t be a flat squirrel.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?