"Wealth gained hastily will dwindle, but whoever gathers little by little will increase it." — Proverbs 13:11
Eight Streams of Income Model
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Table of Contents
Eight Income Streams Business Model
Passion Business
Passion businesses typically operate as nonprofit endeavors that make a profit. However, they do not have to be and can operate as Corporations, LLC, and LLPS without the nonprofit requirements.
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Passion Business
Cultural Education
Cultural education is the process of learning about, understanding, and appreciating the culture of different groups, including cultures outside of one's own. It is essential for teaching children and young adults to appreciate diversity and value cultural differences.
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Passion Business
Racial Equity
Racial equity is a process of eliminating racial disparities and improving outcomes for everyone. It is the intentional and continual practice of changing policies, practices, systems, and structures by prioritizing measurable change in the lives of people of color.
Eight Income Streams Business Model
Products Business
Product businesses can operate either business-to-consumer or business-to-business. Further, they can operate either at a storefront or online. In all cases they sell merchandise goods to their end user.
Eight Income Streams Business Model
Services Business
Services businesses can operate either business-to-consumer or business-to-business. Further, they can operate either at an office or online. In all cases they sell intangible goods that usually rely on the efforts on a person to deliver the service.
Eight Income Streams Business Model
Stocks and Bonds
A stock represents fractional ownership of equity in a business. Whereas, a bond operates like a loan made by creditors to the company in return for periodic payments. A company issues stock to raise capital from investors for new projects or to expand its business operations.
Eight Income Streams Business Model
Cryptocurrency and Blockchain
Cryptocurrencies are usually built using blockchain technology. Blockchain describes the way transactions are recorded into "blocks" and time stamped. It's a digital ledger of cryptocurrency transactions that's hard for hackers to tamper with.
Eight Income Streams Business Model
Intellectual Property
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. These creations are copyrightable and in some cases trademarkable. Thus, allowing you to license the IP to others for sale to end users in exchange for royalties.
Eight Income Streams Business Model
Real Estate Investing
Real estate investing involves the purchase, management and sale or rental of real estate for profit. Someone who actively or passively invests in real estate is called a real estate entrepreneur or a real estate investor. Some investors actively develop, improve or renovate properties to make more money from them.
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Real Estate Investing
Tax Liens
A tax lien is a legal claim against the assets of an individual or business that fails to pay taxes owed to the government. A tax lien makes a legal claim against assets in the event of a significantly delinquent tax obligation. If the obligation is not satisfied, the creditor may proceed to seize the assets.
Eight Income Streams Business Model
Kingdom Building
Put in its simplest form, kingdom building is anything that contributes to the purposes of Yah on this earth. This includes, but is not limited to, the following: (a) Evangelism: bringing people into the kingdom. (b) Benevolence: showing the love of Yah to the world as a light that glorifies Yah and builds up those who give.
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Kingdom Building
Prophesying
The Greek word for prophecy means to “speak forth.” To prophesy simply means to speak out Yah's Word, His heart, purposes, and truth with the intent of encouraging and influencing others to come into alignment with Him. Yah's heart, purposes, truth, and will are all reflected in His Word. So speak His Word!