Is Passive Income Essential on an Entrepreneur's path to Joy? #e34

25/06/2024 36 min
Is Passive Income Essential on an Entrepreneur's path to Joy? #e34

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Episode Synopsis

What does passive income actually mean to you?Chances are, in a conversation about 'passive income' what you might really mean is time freedom. You want to take the pressure off of 'hourly rate' work... so that you can continue to earn more income and create more wealth, while also claiming more joy, more spaciousness, and maybe even 'time away' for things like maternity leave, holiday, personal growth and general wellbeing. In this episode we're going to discuss the difference between Passive Income vs. a Scalable Business ModelWhat is the differenceWhich is right for you?What do these definitions have to do with '1:1' and '1 to many' productsCan you live on passive income alone... do you want to? Do you have the skill-set to build a Passive Income business? What does building a brand have to do with Passive Income What do you need to know if you're jumping from a local or in-person service-based business into 'Passive Income'This is an absolutely essential episode if you've tried and struggled to build and launch a course, membership or audience online and are wondering what you're doing wrong. Take the colour quiz - https://www.jnicholesmith.com/quizWork with me further here - https://www.jnicholesmith.com