This week I would like to address those of my readers who are experienced in their field, achieved expert status and most likely have been in that industry for a long time. I'm not saying that someone who is in the first years cannot apply these ideas, I only have the opinion that an experienced person is more likely first to be interested in doing this, and second to have more confidence in their ability to go through with the plan.
One idea to make more money in your business is to start a new stream of income by teaching people in your field how to build a business in the field, or people who are interested in getting started in your field of business how to enter the industry.
I have a friend who is an attorney, and a very good attorney with a successful practice. She came out of the big lay firm to start her own business a little while ago, and her business is growing to the point where she was able to bring in an associate. Besides growing her business in the field she operates in, the law, she has also developed a side business connected to her law firm, where she works with attorneys who are interested in opening their own practice.
This friend has earned my respect with her business knowledge and acumen. I'm proud of her accomplishments and I feel blessed to be her friend. On top of the success she has achieved in her field, she also wants to mentor others to build businesses in the same field. Her idea to grow her business through this program comes from a place of abundance, where she understands that helping other attorneys build a practice does not affect her business - there are enough clients for everyone.
If you have a good understanding of your industry and know more than a lot of people who are in the same industry, or if you know how to build a business, you can develop a stream of income by teaching others to enter or build a business in your industry. There is no downside to this business endeavor.