Passive Income in Business

[Suba]

I often find that many businesses/companies not only rely on income from the main source of business operations, but they also have passive income by utilizing the company's sources of wealth or assets to create passive income. Passive income will be presented in the income statement as other income. Passive income can be in the form of interest, rent, dividends, royalties, profits from sales of fixed assets, etc. So should you as a businessman also strive for passive income?

 

[neku]

Often businesses, especially online businesses are making a loss due to factors beyond their control. So it is advisable to have some passive income sources till the business owner finds new sources of business income.

 

[Starmix]

I also earn a passive income in my workplace and in other company. I receive a dividend every year and put it back to gain more in the next year. It's good to have a passive income.

 

[Augusta]

Yes we all need to strive for passive income where you make money works for you like going into genuine investment

 

[neku]

Advertising was a major source of passive income for domain investors, online publishers. However, for some online publishers, the advertising rate has declined 100 times in the last decade, so they have to find another source of income.

 

[eLdavis]

One of my goals for this year 2024 besides building my business to reach more persons is to simply have a source of passive income.

 

[Augusta]

Yes having a source of passive income will be the key. You need to make your money start working for you.