Occupational Wellbeing

Side Hustle to Success: Exploring the Potential of Multiple Income Streams

December 7, 2022
The Wellness Tribe Team

Building a career from different income streams can be a rewarding and fulfilling way to make a living. However, in today's economy, relying on a single source of income is becoming increasingly risky, as job security and stability are no longer guaranteed. By diversifying your income streams, you can protect yourself from financial uncertainty and take control of your own career. 

There are many different ways to create multiple income streams, and the best approach for you will depend on your individual circumstances, skills, and interests. In this article, we will explore potential options for generating additional income and provide tips for getting started.

Start A Side Hustle

One way to generate multiple income streams is to start a side hustle in addition to your full-time job. This could be something as simple as selling handmade products on Shopify or providing a service like home or online tutoring. The key is to start small and gradually build up, so you don't overwhelm yourself.

Portfolio Diversification

Portfolio Diversification
Photo by Scott Graham on Unsplash

Another way to create multiple income streams is by diversifying your investment portfolio. By investing in a range of assets, including stocks, bonds, real estate, and others, you can create a steady stream of passive income to help support your career and financial goals. Diversifying your investments can also reduce the risks associated with relying on a single source of income, such as job loss or market volatility.

Creating and Selling Online Courses

Another option is to leverage your current job or career to create additional income streams. For example, you could use your knowledge and experience to develop and sell an online course or e-book or offer to coach or consulting services to others in your field. By doing so, you can generate additional income without necessarily having to leave your current job or career.

The Benefits of Multiple Income Streams

Be Your Boss

One of the key advantages of building a career from multiple income streams is that it gives you more control over your work and income. Instead of being at the mercy of a single employer, you can create your own opportunities and choose the projects and clients that align with your values and interests. This can lead to greater job satisfaction and a sense of fulfilment.

A Safety Net for Income

Having multiple income streams can provide a sense of security, as it gives you a backup plan in case something goes wrong with one of your streams. This can be especially important in today's economy, where job security is not always guaranteed.

Multi-stream income generation workflow

Multi Stream Income : Side Hustles
Photo by Will Porada on Unsplash

Wondering how to get started? Here is a workflow for finding and creating multiple income streams through side hustles: 

1. Identify Your Skills and Interests: 

The first step is to think about what you are good at and what you enjoy doing. These skills and interests can help you identify potential side hustle opportunities.

2. Research Potential Opportunities: 

Once you have a list of your skills and interests, start researching potential side hustle opportunities that align with them. Look for opportunities that are in demand, have the potential for growth, and are flexible enough to fit into your schedule.

Here are a few platforms for side hustle opportunities: 

  • Fiverr
  • Upwork
  • Freelancer
  • SolidGigs

3. Create a business plan: 

Once you have identified a few potential side hustles, create a business plan outlining how to start and grow your business. This should include a market analysis, marketing, and financial plan.

Check these sample business plans from Hubspot to get you started. 

4. Test your idea: 

Before fully committing to a side hustle, it can be helpful to test your idea to see if it is viable. This can involve creating a prototype, offering a limited-time promotion, or launching a pilot project.

5. Launch your side hustle.

Once you have a solid business plan and have tested your idea, it's time to launch your side hustle. This may involve creating a website, setting up social media accounts, and networking to find potential clients.

6. Scale your business.

Once you have launched your side hustle, focus on growing and scaling your business. This may involve finding new clients, expanding your services, or creating new products.

"A side hustle is the ultimate form of job security. It gives you the freedom to explore your interests, try new things, and build a business around your passions." - Chris Guillebeau - American Author

Closing Thoughts

There are several ways to create multiple income streams, and the best approach will depend on your individual circumstances, skills, and interests. You may include some freelancing websites which can give side hustles more meaningful avenues.

Productivity

The Productivity Guide - How to Be More Productive at Work

September 15, 2022
The Wellness Tribe

We've all experienced a bad day while working from home.

You begin your day on a positive note. However, the deadline for a large project is approaching, and you don't have time to complete it. So, instead of staying on track and getting an early start, you get distracted by anything but work.

The majority of your workday is spent on Twitter, Slack, and LinkedIn. We won't even talk about email. So those ambitions of completing the assignment before lunch become far away.

You aren't alone: office workers spend 28% of their time on unnecessary distractions. In addition to this, an average of five hours are spent each week visiting non-work-related websites.

As soon as you put those useless distractions aside, you're hit by midday hunger pangs, and all you want is food. As a result of wasting your whole morning, your mind explodes into a frenzy, and your anxious afternoon transforms into an evening full of stress.

Try to imagine what it would be like if you had a productive workday every day; imagine what it would be like if it became a habit.

At first, you will need to put in more time and effort. Our recommendations, however, may be helpful for long-term adjustments in your work routine with a bit of self-reflection and forward thinking.

Starting Your Day

The Productivity Guide - How to Be More Productive at Work
Photo by ian dooley on Unsplash

A day's work can be set in stone within its first hour. But, with a couple of mistakes, you will find it's already 11 a.m., having no idea where the first two hours of your day went.

Morning productivity is all about developing habits that will last. So if you're looking for something to do on Monday, instead of opening Facebook, open Google Docs instead.

A Few Things To Start With

Starting your day with a nutritious meal will set you up for success. Dietary choices affect your productivity at work, as they provide everything your mind body soul needs.

It is recommended to consume low-glycemic carbohydrate diets throughout the day to maintain consistent energy levels. For those of us who aren't nutritionists, this means lots of fruits and vegetables. In addition, an egg, banana, yogurt, or blueberry breakfast may improve memory and relieve stress.

You should resist the urge to look at your e-mail when you first arrive at your workstation. You might lose your most valuable thinking hours early in the morning if you start your day reading, responding, and sorting your inbox.

The constant checking of your email will also become a habit. Reading your email while you commute to work is an excellent idea if you don't drive to work. If you have any important to-do items to check in your email before heading out to work, allocate five to ten minutes for them.

Once you have inspected it briefly, please turn it off. You will notice the difference in your productivity.

"Productivity is never an accident. It is always the result of a commitment to excellence, intelligent planning, and focused effort." - Paul J. Meyer

The Little Things

Do you still want to open Gmail? You can achieve productivity goals most easily by developing "tiny habits." Tiny habits are simple, ongoing activities that create long-term behavioural changes.

For new behaviours to stick, consider the following factors:

1. Motivating factors that may assist in changing a habit.

2. Acts that make the new habit easy to form.

3. A stimulus that results in an action.

If you know that email is a huge distraction for you, schedule times to check it. Then, treat yourself to a snack break if you finish it in less than 15 minutes. Try this strategy for any habit you wish to create, such as reading or meditating, and you will have a perfect work life balance.

Setting Priorities

The Productivity Guide - How to Be More Productive at Work
Photo by Firmbee.com on Unsplash

It may not be ideal for everyone to have an organised to-do list, but we could all benefit from it. First, sort chores into priority levels and categorise them accordingly. Prioritising the simplest chores is tempting, but setting priority levels will remind you to focus on the bigger tasks first.

Identify Your Distractions

A diagnosis is essential to administering the correct treatment in medicine. In addition, it is essential to understand what precisely distracts you if you want to establish productive habits that last months, not days.

Using time tracking software or good old-fashioned pen and paper, keep track of how you spend your time for a week. Record when you encounter distractions and what they are during the process. 

Review your work time at the end of each week. Analyse patterns of cause and effect. For example, you may fall victim to reading the news while working. Then you scroll for 30 minutes on social media after checking your email.

The process of documenting your week may seem overwhelming to many people. They may claim that it will take a considerable amount of time. But don't ignore this one. You might have more work for one week, but you'll save hundreds of hours later.

A Remote Work Environment

Nowadays, more and more people work from home. Indeed, you're not distracted by co-workers at home, but that doesn't mean you're untouched by distractions. Homeworkers often become their own worst enemies when working from home.

Conclusion

Whenever possible, try to replicate your regular weekday on your off-days. A regular schedule of waking up, showering, and dressing as if you were going to work is important. Working from home doesn't mean staying at home all day.

Go to a coffee shop to avoid the temptation to clean the bathroom or organise your bookcases. Instead, commit to accomplishing more - preferably ahead of the weekly demands - when you work from home.

Occupational Wellbeing

Bringing Nature to the Corporate World: Nature-Based Wellness

January 10, 2023
Nitesh Padghan

Nature has always been a source of solace and rejuvenation for the human spirit, offering a peaceful escape from the chaos of daily life. But did you know that this same sense of peace and renewal can also be brought into the workplace and help achieve work life balance? 

The concept of nature-based wellness has been gaining ground in the corporate world for a good reason. The benefits of incorporating elements of nature into the workplace are numerous and range from reduced stress levels to increased creativity and productivity. 

This article delves into the science behind nature-based wellness, its impact on the corporate world, and the steps companies can take to bring the outdoors in and foster a nature-filled workplace culture. 

So, let's take a deep breath, close our eyes, and imagine a nature-infused workspace. Are you ready? Let's begin our journey.

Nature's Healing Powers

Bringing Nature to the Corporate World: Nature-Based Wellness
Photo by George Milton

Nature profoundly affects our well-being, which is rooted in the deep connection between our bodies and minds. Studies have shown that just a few minutes spent in nature can lead to lower levels of stress hormones and increased feelings of calm and tranquillity. 

So, how does this magic happen? The answer lies in our mind-body connection. When we immerse ourselves in nature, our bodies respond by relaxing, reducing stress, and promoting a sense of well-bein

"Nature is not just a backdrop for our lives; it is the essential foundation for our physical, mental, and spiritual well-being." - Jane Goodall.

Nature not only has a calming effect on our minds but also has the power to spark our creativity and productivity. Studies have shown that exposure to nature positively impacts cognitive function and creativity, making it a valuable tool for businesses looking to increase productivity. 

A Nature-filled Workplace: A Guide

A nature-loving workplace culture inspires creativity, innovation, and collaboration. It fosters a sense of purpose and meaning, as employees feel like they are contributing to a greater cause. It promotes health and well-being, as nature has been proven to reduce stress, boost immunity, and improve mood.

Creating a nature-loving workplace culture requires a shift in mindset from a focus on productivity and profit to a focus on people and the planet. It requires leaders who are passionate about nature and who lead by example. It requires a commitment to continuous improvement and a willingness to learn from mistakes.

Simple plant-infusion techniques

Bringing the outdoors in has never been easier. Here are a few simple ways to infuse nature into your workplace:

  • Add potted plants to your office space. Studies have shown that just a few plants can significantly improve indoor air quality and reduce stress levels.
  • Create a “green wall” by hanging plants on a living wall. This adds a pop of colour, helps improve air quality, and provides a calming effect.
  • Use natural light and open windows. Encourage employees to take breaks outside or in a well-lit area.
  • Incorporate natural materials like wood, stone, and glass into your office design. These elements provide a connection to nature and create a welcoming atmosphere.

Creating a nature-loving workplace culture

Creating a nature-loving culture starts at the top. Encourage your leadership team to embrace the benefits of nature and incorporate them into the workplace. Some ways to do this are:

  • Offer regular nature-based wellness activities, like guided hikes or outdoor yoga sessions.
  • Encourage employees to take breaks and step outside to appreciate the natural world.
  • Provide a quiet, nature-filled space for employees to take a break, relax and recharge.
  • Encourage employees to bring in natural elements from home, such as photos of their favourite outdoor spot or a small potted plant.

In addition to the physical environment, a nature-loving workplace culture encourages sustainable practices. From reducing paper usage to implementing a recycling program, employees are educated on how their actions can impact the environment and are given the tools to make a positive change.

Moreover, a nature-loving workplace culture promotes opportunities for employees to participate in community outreach and environmental initiatives. This not only fosters a sense of community within the workplace but also allows employees to impact the world outside of their job positively.

Encouraging employee involvement

Bringing Nature to the Corporate World: Nature-Based Wellness
Photo by Gary Barnes

Employee involvement is key to creating a nature-filled workplace. Encourage your team to participate in nature-based wellness activities and bring their love of nature into the workplace. Here are a few ways to get started:

  • Appoint a 'Green Team' - elect a 2-4 member team to come up with ideas 
  • Provide resources - Arrange workshops & seminars for knowledge sharing
  • Encourage participation: Offer incentives for employee involvement
  • Experience sharing: Allow employees to share outdoor stories

Final Words

The importance of incorporating nature into the corporate wellness arena cannot be overstated. It’s not just about creating a more aesthetically pleasing work environment; it’s about investing in the well-being of employees and creating a workplace culture that values wellness. By doing so, businesses will see increased employee engagement and satisfaction and a more positive and productive workplace.

As a corporate wellness company, we invite businesses throughout the world to incorporate nature into workplaces. Whether it’s placing potted plants, offering outdoor wellness activities, or simply encouraging employees to step outside, there are many ways to bring nature into the workplace. 

By doing so, you’ll be making a positive investment in the well-being of your colleagues and creating a more positive and productive work environment. So, take the challenge and start incorporating nature into your workplace today!

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This month we are focusing on food and how it affects your mental health. Join us as we bring in the most relevant interesting content from across the wellness segment.

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