In the last two posts, we have talked about the benefits of creating multiple income streams and ideas for applying that to pet shop owners.  Today, let’s look at how this might be applied to restaurant owners.

A successful restaurant owner not only knows how to cook but also knows how to run a successful restaurant.  This is two different groups of people that would benefit from and be interested in what you know.

First, anyone that enjoys cooking, would love to know what you know about cooking.  I can envision their interests being everything from recipes to “how to” cook to “history of” type things.  They would be interested in what types of cookware you recommend as well as cooking utensils and how to properly use and care for them.

There’s no doubt in my mind that there are a lot of other things that you know that would be of interest to others.  As I am not really a cook much less a restaurant owner, I would have to learn from you what else you know that people would find value in.  It’s my guess, however, that your wheels are turning now and you can think of many more things to share.

The second group of people we identified that you have information to share with were those that have an interest in starting and running a restaurant.  You are in a perfect position to start a forum to share information and teach just that.  You have experienced all of it.  Your expertise in either starting a restaurant from scratch or buying an existing restaurant would be valuable information to share with this group of people.

The point here is that you have a wealth of knowledge that others would love to have and many would be willing to pay you to get that information.  Creating a product around what you know, what you are passionate about, will create another income stream for you.  One that is completely separate from your restaurant and that is sustainable on its own.  How great would that be?

What else can you think of to create multiple income streams?  We’d love to hear from you.

photo by nickwheeleroz