Multiple Businesses

Women Rockin Business Podcast

English - May 26, 2019 23:00 - 26 minutes - 24.3 MB
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Previous Episode: Introducing Your Business; Listen & Engage.

Next Episode: Leveraging Your Life With Catherine Turner

Running multiple businesses is the best way to go if you want to grow your income rapidly.

Traci, herself, is running a few businesses simultaneously, so in this episode of the Women Rockin Business Podcast, she shares her experiences and everything you need to know in order to start on your own business empire. She gives tips on how to diversify your businesses, how to outsource talents, and why is it essential to keep updated with the current economic situation you’re in. Discover what works for you to grow your business when you listen in.

KEY TAKEAWAYS
You learn and grow from challenges. For example, when the recession hit, Traci’s career was affected, but it became a turning point for her. She grew stronger from it. She became less reactive, more creative and more observant.
Diversification is imperative. There should be multiple streams of income, so in case a project doesn't work out as it should, you’re secured.

Take note of the external factors that can significantly affect your business, especially the current political and economic situation and tech trends.
Explore other industries through collaboration. You can learn from partnering with someone or a group of people who has different knowledge and skillset from you. It opens up new perspectives and business ideas.
It’s okay if you want to change directions. Having multiple businesses can also help you find your true passion, if you’re in limbo, while making money along the way.
Outsource talents. To have clarity in your visions, sometimes you have to confide your ideas and talk about it with someone. If a particular task is not your expertise, then better hire someone who can do it for you.

BEST MOMENTS
“Putting everything in just one avenue can be very dangerous.”
“The people that can think differently, look at opportunities, see where there are gaps & openings, they are the ones that usually survive and thrive during recessions.”
“There is not one dream lifestyle for every entrepreneur; it’s very personal.”
“No one person’s WHY is better than another person’s.”
“Isn’t it much better to learn from somebody who’s been there, done that, and knows the pitfalls so that you can come in quicker and better.”

VALUABLE RESOURCES
Rob Moore
Women Rockin Business Podcast

ABOUT THE HOST

Traci Cornelius is a Speaker, Business Coach, Mindset Coach and Mum to 5 Girls.

Like many, Traci’s story is not really a succinct one. It is long with many twists and turns (which I liken to business and life itself!). Many of the twists and turns have helped me to learn, to grow and to become a successful entrepreneur.

On a professional level, she runs many businesses.

On a personal level, she is a Mum to five wonderful, adorable, courageous, independent and challenging girls.

“I discovered exactly where I had gone wrong in my previous businesses. Everything I had been through, the good the bad and the ugly started to come together into the best discovery of all the “5 Power Principles”

I implemented them, first in my business and then in others and so they then became the “5 Power Principles” that other people wanted to know about!”

–Traci Cornelius When it comes to starting and scaling your business, whilst juggling family responsibilities and taming your mind monkeys, Traci is your go-to-gal!

CONTACT METHOD

Links to relevant socials, websites etc
Facebook: https://www.facebook.com/TraciCornelius22
Facebook: https://www.facebook.com/WomenRockinBusiness
Instagram: https://www.instagram.com/TraciCornelius
Instagram: https://www.instagram.com/WomenRockinBusiness
Official website: https://tracicornelius.com

See omnystudio.com/listener for privacy information.

Running multiple businesses is the best way to go if you want to grow your income rapidly.

KEY TAKEAWAYS

You learn and grow from challenges. For example, when the recession hit, Traci’s career was affected, but it became a turning point for her. She grew stronger from it. She became less reactive, more creative and more observant.
Diversification is imperative. There should be multiple streams of income, so in case a project doesn't work out as it should, you’re secured.

Take note of the external factors that can significantly affect your business, especially the current political and economic situation and tech trends.

Explore other industries through collaboration. You can learn from partnering with someone or a group of people who has different knowledge and skillset from you. It opens up new perspectives and business ideas.
It’s okay if you want to change directions. Having multiple businesses can also help you find your true passion, if you’re in limbo, while making money along the way.
Outsource talents. To have clarity in your visions, sometimes you have to confide your ideas and talk about it with someone. If a particular task is not your expertise, then better hire someone who can do it for you.

BEST MOMENTS

“Putting everything in just one avenue can be very dangerous.”
“The people that can think differently, look at opportunities, see where there are gaps & openings, they are the ones that usually survive and thrive during recessions.”
“There is not one dream lifestyle for every entrepreneur; it’s very personal.”
“No one person’s WHY is better than another person’s.”
“Isn’t it much better to learn from somebody who’s been there, done that, and knows the pitfalls so that you can come in quicker and better.”

VALUABLE RESOURCES

Rob Moore
Women Rockin Business Podcast