Episode 211

Myth # 10: You Should have Multiple Streams of Income to Build Wealth & Achieve Business Success

Published on: 10th August, 2021

As entrepreneurs, we’re told that the fastest way to build wealth is to have multiple streams of income, and diversifying our projects is the only way to achieve security. It always reminds me of the old wives tale “Don’t put all your eggs in one basket”. 

But this approach to business demands more effort, saps our energy, and keeps us from truly pursuing our passions. Focus is actually the key to building wealth & achieving the life and business we truly want. 

Laura Shook Guzman is back in the co-host chair to help me bust the myth that you should have multiple streams of income to build wealth and achieve business success! 

As an accomplished psychotherapist, trauma specialist, and devoted community leader, Laura brings enormous expertise, insight, and energy to our chat.

Join us as we discuss: 

  • The illusion of multitasking, and how shifting our focus from one income stream to another robs all your projects of the momentum they need to succeed.
  • Why it’s so important to gather data on where your income comes from, and how your efforts (and passions) really impact your clients.
  • The huge benefits of creating a single business that incorporates your multifaceted passions, in terms of time, energy, income, and impact. 
  • Why, particularly for women business owners, focus is a superpower AND an act of self-care.
  • How to recognize and overcome the fear of going all in on yourself and your vision.

‍‍More Support for Women In Business:

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  3. For more information about Sonya’s other podcasts & podcast courses, click here.  

Thank you for being you. We are so honored to have you as a listener!

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About the Podcast

Women in the Business Arena™
There is no one right way to do business, there is just a right way for YOU! And many women in business are DONE with hustle, bro-marketing culture, and business tactics that are misaligned with their values.

Instead, more women are looking to build a business that honors their passion, gifts & wisdom.

If you are ready for a DIFFERENT way to operate your business - one that brings ease, challenges the patriarchal status quo, and helps you make a difference in the world (with both your business & your bank account), then this podcast is for you!

Sonya Stattmann uses her 21 years of experience working with thousands of women in business to facilitate honest, educational & inspiring conversations with other women leaders, business owners, and experts.

She also has regular conversations with our resident mental health expert, Laura-Shook Guzman, to tackle mindset, thinking, and the patterns that sabotage women’s path to business success.

This is a DIFFERENT kind of business podcast!

About your host

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Sonya Stattmann

I have been an advocate for women & girls for decades. I spent the last 20+ years working directly with women around business, leadership & self-development. I started my business program more than 4 years ago to offer women a different way to work. I have a long-time podcast called Women in the Business Arena™, a new podcast called The Feminine Lens™ and a TEDx talk called Moving Beyond #Empowerment. I live in Austin, Texas (and sometimes worldwide) with my husband and two children.