No hair cut!

A friend of mine owns a hairdressing salon which is closed and has been for a great deal in the last year due to the lockdowns.

And because of this, people are trying all sorts of things: cutting, hair colours, new styles, with some being done by themselves and others by close contacts (in their bubble), who are prepared to take the chance for them. Some are successful and others are…well, not so good. Other people are just waiting for a haircut; I’m one of those!

Anyway, back to my friend and others like him; those who have no business at the moment. Week by week it’s getting harder for them and it’s not just about the lack of business now, as for some of them it is the damage that less business will do in the future when lockdown is lifted. I don’t know about you, but I know that things won’t suddenly go back to how they were. A great deal of business just won’t return; some things are changed permanently or, at the very least, long-term.

However, for some, like my friend, things are far better than they might have been. Why? Because he has spent a number of years building himself a residual income just like me. I build my residual income business for two reasons: one, to have extra holidays each year, and two, to add to my pension when I retire. But, the thing I like best about my residual income, is that it pops into my bank account every month, whether I’ve done any work or not, and will do long into the future.

What it’s doing for my friend at the moment is taking lots of earning pressure and worry off him.

Residual income is not a get-rich-scheme, although you can earn nicely pretty quickly, it’s more about thinking five, even ten, years into the future. The great thing is that there’s nothing to lose by trying it, but maybe something wonderful to gain. My friend has really discovered this.

So, if this interests you, have a look, as I say, there’s nothing to lose and now might just be an appropriate time to find out how good it could be. There are many options available. Two, connected services, which I find are very workable together are Full Power (commercial) and Utility Warehouse (domestic) energy. Just click on their names if you would like to know more, or give me a call.

Author: David Wimblett

Business Tips, Exclusive Offers, Videos and More... Business Mentor - guidance, motivation, inspiration and support. . Started my first business as a 21 year old. Live in Chilworth, Guildford, Surrey with my wife. We have four grown-up sons. Author of 'The 10 Year Breakfast' and 'BNI: One Bite at a Time'.

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