The Small Business Financial Health Scorecard

Your business might be making money, maybe even a lot of money… but that doesn’t mean it’s healthy. But keep reading because I’m sharing a Small Business Financial Health Scorecard that can instantly give you clarity to help you create a strong, profitable, money-making company that grows without stress. But let’s start with the bad […]

Case study: Increasing profitability with passive income

Businesses survive (and thrive!) by continually generating income. But as a business owner, it’s easy to get caught up in a vicious cycle of performing a service, getting paid for it, performing another service, getting paid for it, etc. That turns into a treadmill because you become dependent on that income and if you are […]

Passive income versus active income

In this blog post, I want to talk about the differences between passive and active income and how they relate to your business. THE BASIC DIFFERENCE BETWEEN ACTIVE INCOME AND PASSIVE INCOME Active income is money you earn that requires your effort. For example, if you sell a service that you must first complete – […]

Passive income for financial and real estate professionals

Most financial and real estate professionals perform a service for their clients (for example: investing in stocks, selling life insurance, searching for a home to buy, or listing a home to sell). This is “active income” because it requires you to be present and spend some of your time and talent to deliver the service. […]