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Five years ago I opened a retail clothing franchise with my father and wife. It took a long time to get here, but now we have two stores and I spend little tim
by jaxn 18y ago
Five years ago I opened a retail clothing franchise with my father and wife. It took a long time to get here, but now we have two stores and I spend little time on them (10 hours a month maybe?).
It is hard to have true passive income, but this is pretty close. Owner involvement is definitely key to the success of a small business, but we have a managing partner which reduces the time I spend on that business.
The great thing about passive income is that it affords me the opportunity to try and create additional revenue streams. Right now I am launching http://statzen.com http://statzen.com. I assume that will also take several years of hard work, but it is enjoyable work.