Understanding Passive And Residual Income – August 21, 2012
June 23, 2012 by Administrator
Filed under Upcoming Meetings
As Michael Gerber pointed out in his great book, “E-myth Revisited”, out of every 1000 new businesses, 40% fail within the first year, and 80% would fail within 5 years. Don’t celebrate yet because even if you have made it to 5 years, 80% of those businesses fail before they make it to 10 years. That leaves us with 4% of new businesses still around after 10 years.
Working hard is not the answer. What’s the way out then? What are the secrets of real entrepreneurs, those few survived and thrived? By working smarter!
Instead of active income – you are working hard for money, how about residual (or passive) income – your money or system is working hard for you?!
In this workshop, we help you to examine:
* Can you be away from the business for three weeks, in the meantime still making money?
* Are you investing your times or selling them?
* How many times do you get paid for every hour you work?
* Is there a ceiling on your income right now?
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Your FIRST step is to GET REGISTERED IMMEDIATELY here:
http://chicagoentrepreneur0821-com.eventbrite.com
It’s only $15 at the door or FREE for members.
First time attendees are FREE as well when you pre-register online and let us know you’re coming!
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We’ll discuss a few ways to make passive income:
* Work ON the business vs. IN the business?
* Leverage: doing MORE with LESS
* Work smarter vs. work harder
* Systemize your business
* And much, much more.
“The poor and the middle class work for money. The rich have money work for them.” – Robert Kiyosaki
Come on out and start living like the rich.
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Here’s that registration link again to GET REGISTERED IMMEDIATELY:
http://chicagoentrepreneur0821-com.eventbrite.com
Registration Online helps us know who’s coming.
There’s a $15 fee at the door or become one of our members and save big!
http://www.chicagoentrepreneurmeetup.com/members/membership-options/
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