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

How to Maximize Your Efficiency While Working From Home

October 12, 2022
The Wellness Tribe

It can be challenging for many of us to work remotely or in the office when productivity drops, and with it come new obstacles in the workplace. In the face of distractions, interruptions, and the constant need to maintain an adaptable mentality, it may be challenging to manage, pursue, and commit to new strategies to increase job performance.

Regardless of where you are in your career or how you got there, growing yourself professionally should be an ongoing exercise that challenges and inspires you.

Putting it off is a bad idea until your manager brings it up in your performance review. By following these strategies, you can elevate your professional game and become your most productive self, in addition to improving your health and wellbeing at workplace.

Why Remote Work Is a Good Idea

Why Remote Work Is a Good Idea
Photo by Windows on Unsplash

There is a preferred work environment for everyone. Some prefer complete solitude, while others need the hustle of a coffee shop to stay focused. But, no matter our individual preferences, none of us enjoy working with noisy colleagues.

Here are some statistics to consider: 

  • There is a 61 percent belief that noisy coworkers are the most distracting factor at work; 
  • To maximize efficiency, 86% prefer working alone; and 
  • There is a 40% perception that spontaneous meetings are a huge distraction in the workplace.

The good thing about working remotely is you don't have to deal with all these distractions. Although it may sound harsh, the best advice is to solve your own problems. Do not ask questions that Google cannot answer. Don't put yourself in a position where you need to be micromanaged.

The Pomodoro Method

Working nonstop for a long time starts to fry your brain. On the other hand, experts claim that working in 90-minute increments increases productivity.

There is a limit to how long the human mind can work before it has to rest, which is 90 to 120 minutes in reality. So give yourself a break after 90 minutes and focus entirely on the most critical item on your priority list.

You may want to explore the Pomodoro Technique if you aren't satisfied with recurring 90-minute work periods. Focus on one assignment for 25 minutes. Then, take five minutes to rest. Make three more repetitions of this method.

In case your workplace has an employee wellbeing program, chances are you've already introduced the Pomodoro method. If not, consider doing so in the future. 

How to Overcome Procrastination

‍How to Overcome Procrastination
Photo by Magnet.me on Unsplash

Typical workers spend 2 hours a day procrastinating. A typical individual takes 23 minutes to regain focus after being sidetracked. Sound familiar, doesn't it?

Some of the distractions we enjoy are keeping an eye on Twitter, reading the news, organizing our inboxes, and cleaning our desks. A frightening aspect of our behavior is that we are quite adept at convincing ourselves that such distractions are part of our job description. With the increasing size and importance of assignments, most people are becoming more prone to procrastinating.

However, we should not let ourselves be fooled: when we delay, we focus on the worst aspects of our endeavor, which makes the task seem even bigger. Rather, follow our favorite advertising campaign: Simply do it and consider your priorities list.

Don't let email be your afternoon escape, even if you avoided it in the morning. Individuals check their email 36 times per hour on average. This amounts to 13 hours spent reading, deleting, sorting, and sending weekly emails. You don't have to respond to an incoming email immediately. Keep a regular schedule of checking your email throughout the day instead of rushing.

Creative Exhaustion

Creativity is a crucial trait of a successful employee, whether you spend your days creating art in Illustrator or crunching figures in Excel. But how can you stop an afternoon brain cramp when creative thoughts appear out of reach? 

Keep your research time limited so that you can overcome procrastination. Getting lost in a sea of GIFs and further away from your starting point can be an easy trap. So to jumpstart your momentum and prevent afternoon headaches, turn your gaze away from your device.

On average, people spend 7.4 hours per day in front of a computer screen. Taking a diary into a brainstorming session will prevent dry eyes. Consider drawing a flowchart or doodling to get a better sense of the scale of your project. 

Finally, use your downtime to brainstorm. There is no denying the fact that many of our best ideas come while driving or taking a shower, so it is important to be able to leave work at work.

Mastering the Art of Working Remotely

In recent years, remote labor has been on the rise. But, in addition to its apparent advantages, working remotely also has its disadvantages. The benefits are a 30-second commute, greater flexibility, and more control over your surroundings.

Remote work can be difficult to separate professional and family lives without physically separating them.

Additionally, you may find it difficult to focus while roommates, children, and spouses are in the background. 

Establish a Home Office or Desk

If you feel like working from your bed or sofa, we recommend doing so for a change of scenery. Working from home, however, requires consistency. Establish your main workstation at the kitchen table or at a desk during the day.

It will help you associate that location with efficiency, productivity, and work. In addition, you get bonus points if you equip the site with dual monitors, a charging station, and anything else you need to get the job done.

Prepare Yourself for a Lot of Communication

Working remotely makes your team members and management less likely to become entangled in unexpected verbal brainstorming sessions. Consider checking in with them more often than usual. Communicate your objectives and initiatives to your team or collaborators.

Get your coworkers together for a coffee chat or remote Zoom meeting. Be sure to clarify any unclear details in emails or virtual meetings. Despite being away from your workplace, don't let yourself go unnoticed.

Setting Your Logoff Time

There are many challenges associated with working from home. For example, some days, you'll want to log out at 3, while on other days, you'll want to work until 8 p.m. Having the freedom to work from home is excellent, but don't let it compromise your well-being. 

By setting a logoff time, you’ll be able to stay productive until the end of the day, and you’ll know exactly when it’s time to watch TV, cook dinner, or go for a walk with your spouse.

Occupational Wellbeing

Surviving the Rough Days: A Guide for HR Professionals

April 27, 2023
The Wellness Tribe Team

Imagine this: It's a Monday morning, and as an HR professional, you're about to kick off your day with back-to-back meetings. You have a long list of tasks to complete, and the pressure is already building. Suddenly, your phone rings and an employee informs you that they're having a terrible day at work. Maybe their workload is overwhelming, or they're struggling with a colleague. Whatever the reason, they need your help.

As an HR professional, it's your job to not only help employees navigate tough situations but also to ensure that the workplace fosters employee well-being. In this article, we'll explore how to deal with a bad day at work from an HR perspective. 

So, buckle up, and get ready to learn how to turn those lemons into lemonade!

The Tell-Tale Signs

As an HR professional, one of your key roles is to support your employees. And, as much as we'd love it if every day were sunshine and rainbows, we know that bad days happen. But how can you tell when an employee is having a rough time? Here are a few signs to watch out for:

  • Decreased productivity: If an employee who's usually on top of things is suddenly falling behind, it might be a sign that something's up.
  • Mood changes: If an employee is usually friendly and approachable but is suddenly snappy or short with colleagues, it might be a sign that they're having a tough day.
  • Physical symptoms: Headaches, fatigue, and stomach issues can all be signs of stress or anxiety.
  • Withdrawal: If an employee who's usually social and engaged with their colleagues is suddenly keeping to themselves, it might be a sign that something's wrong.

Remember, these signs don't necessarily mean that an employee is having a terrible day, but they're worth paying attention to. If you notice any of these signs, take the time to check in with the employee and see how they're doing.

Exploring the Root Causes

So, you've identified that an employee is having a bad day at work. But what's causing it? As an HR professional, it's important to understand the root causes of employee dissatisfaction so that you can help address them. Here are a few common causes of bad days at work:

  • Heavy workload: If an employee is feeling overwhelmed or like they're drowning in their work, it can lead to stress and burnout.
  • Interpersonal conflicts: If an employee is having issues with a colleague or manager, it can make for a tense and uncomfortable work environment.
  • Personal issues: If an employee is going through a tough time outside of work, it can spill over into their workday and make it difficult for them to focus.
  • Lack of support: If an employee feels like they don't have the resources or support they need to do their job well, it can be demotivating and frustrating.

By understanding these root causes, you can work with employees to help address them. Whether it's through additional resources to help them deal with burnout, conflict resolution, or simply offering a listening ear, as an HR professional, you have the power to make a positive impact on employee well-being.

Steps to Deal with a Bad Day at Work

So, you've identified the signs of a bad day and understand the root causes. What's next? 

Here are a few steps employees can take to deal with a bad day at work.:

  • Take a break: Sometimes, stepping away from your work and taking a few deep breaths can do wonders for your mental state.
  • Talk it out: Whether it's with a colleague, a friend, or an HR representative, sometimes talking about what's bothering you can help you process your emotions.
  • Focus on the positive: When things aren't going well, it can be easy to get bogged down in negativity. Instead, try to focus on the things that are going well and find reasons to be grateful.
  • Practice self-care: Whether it's going for a walk, taking a bath, or treating yourself to your favorite snack, practicing self-care can help you feel more centered and grounded.

As an HR professional, you can support employees by providing resources and guidance on embracing resilience at work. Whether through an employee assistance program, mental health resources, or simply offering a sympathetic ear, you can help employees bounce back after a tough day.

Remember, resilience is a skill that can be developed over time. By encouraging employees to take care of themselves and offering support when they need it, you can help them build the resilience they need to thrive in the workplace.

Prevention is Key

While dealing with bad days is important, preventing them in the first place is even better. As an HR professional, you have the power to create a work environment that fosters employee well-being and reduces the likelihood of bad days. Here are a few ways to proactively prevent bad days at work:

  • Build a positive work culture: By encouraging positive communication, recognition, and collaboration, you can create a work environment where employees feel valued and supported.
  • Provide opportunities for growth: Employees who feel like they're constantly learning and growing are more likely to be engaged and motivated at work.
  • Offer flexible work arrangements: Whether it's remote work or flexible hours, giving employees more control over their work schedule can reduce stress and improve work-life balance.
  • Address issues promptly: When conflicts or issues arise, address them promptly and with empathy. Taking a proactive approach to conflict resolution can prevent issues from escalating and creating a negative work environment.

Taking a proactive approach to employee well-being can create a workplace where employees feel valued, supported, and motivated. Not only does this lead to happier employees, but it can also lead to increased productivity and employee retention. 

As an HR professional, you have the power to create a workplace that not only prevents bad days but also fosters employee happiness and success.

Together, We Can Make Every Day a Good Day at Work

Dealing with bad days at work can be a challenging task, but by recognizing the signs, understanding the root causes, and taking practical steps to prevent them, you can create a positive work environment where employees feel valued and supported. 

At The Wellness Tribe, we understand the importance of employee well-being and offer a range of corporate wellness solutions to help organizations create a healthy work environment. Our programs are designed to address physical, mental, and emotional health, with a focus on prevention and early intervention. 

We believe that by prioritizing employee well-being, organizations can achieve better business outcomes, including increased productivity, engagement, and retention.

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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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