Carpon
Valued Contributor
Your active income business can easily be transformed into a passive income source. As a business owner and manager, who has been able to grow a business from micro to mega scale, need arises for employing of workers who will help you in running your mega business.
Now, with time you can be able to train one or two of your workers who can assume your role such that they will keep the business running and well managed without your presence. You can get busy with other things while your business is making profit which will be remitted to you.
It is a good way through which you can transform your active income into a passive income. It is a step forward towards creating many streams of income and to be more specific, passive income.
Which other way do you think can be followed in order to make, turn or transform a business, service or work into a passive income source?
Now, with time you can be able to train one or two of your workers who can assume your role such that they will keep the business running and well managed without your presence. You can get busy with other things while your business is making profit which will be remitted to you.
It is a good way through which you can transform your active income into a passive income. It is a step forward towards creating many streams of income and to be more specific, passive income.
Which other way do you think can be followed in order to make, turn or transform a business, service or work into a passive income source?
