A question I hear often is…should I create a passive income stream in my business? There are a lot of factors that go into “passive income”. So I thought it was time to break them down for all of you who are truly wondering if this is a good move for your business. Let’s start by breaking down the actual definition of passive.
“Passive income is money earned from an enterprise with little or no ongoing effort involved, but most likely the upfront investment of a passive income stream took time and money.” The key factor here, time and money involved up front. Here are 7 things to consider when you are contemplating creating a passive income stream.
About the Host –
Michelle DeNio is a business strategist with a passion for life and entrepreneurship. She strongly believes that life is meant to be lived fully and that there is WAY MORE to life than sitting behind our computer all day, every day. She has worked in various roles throughout her corporate career, including business operations & development, sales, leadership training, management, time management, and finance.
She uses all of these combined skills and experience to help her clients create a bigger impact on the world and share their beautiful gifts. Her superpower is helping entrepreneurs get unstuck and moving forward with a clear and realistic growth strategy.
Connect with Michelle-
Website – https://michelledenioconsulting.com
Facebook Profile – https://www.facebook.com/MichelleDeNioBizStrategist/
Linkedin Profile – https://www.linkedin.com/in/michelledenio
Facebook Group- https://www.facebook.com/groups/fullybookedsolopreneur/