Multiple revenue streams are crucial for any small business’s long-term success. In the current economic environment, many business owners are looking hard at their revenue sources and finding ways to improve their bottom line and their business’ overall sustainability.
Introducing new revenue streams means you don’t have to depend on a single source of income. If the global pandemic taught business owners anything, it was how quickly circumstances could change. Building resilience is especially important if you have employees who depend on a regular paycheck or overhead expenses, such as rent, that you need to pay. Fortunately, there are plenty of ways to bring in extra revenue without sacrificing daily operations, and the Better Business Bureau’s (BBB) team has five of them here.