Are you a business owner that feel lacks of time for your family, friends, even yourself?
Well, you are not alone.
For most small business owners, success co-relates with the time spent on the business. If you are a self-employed or a sole proprietor, your business success means more time needed to maintain the success.
However, this is not the ideal situation. Sure, you may be satisfied with all the success you have, but as a business owner, I’d suggest you to find ways to leverage your success.
Success can mean anything – more time with the family, working whenever and wherever you want, etc. – but the most common measurement of success is – surprise, surprise – money.
Having ‘excess’ money means more opportunities – either to spend it lavishly or invest it. I prefer the latter, and I hope you do, too.
Leveraging your success – in this case – your money, is crucial in your path to financial freedom. You have to find ‘vehicles’ to make your money work hard for you, not the other way around.
One way to do it, is to owning businesses that don’t require you to actively involved in them, producing passive income streams for you.
The Ideal Passive Income
Almost all type of business can be turned into passive income businesses, but there are certain types of business that, by nature, allow you to practice passive management and to earn passive income.
My take on passive income businesses are: all things automatic, such as automatic car wash, and coin-operated businesses, such as laundromats, phone booths, and vending machine business.
Of all, I keen on vending machine business.
Vending Machine Business
It's an automated business system with the use of vending machines.
Vending machines offer vast product lines to provide, mainly food and beverages, such as snacks, canned sodas, candies, etc. Other type of products can include: newspapers, public transportation tickets, and even iPod.
I keen on vending business due to the inherited passive income capability. Moreover, with its premise of “convenience – anywhere, anytime,” vending business is recession-proof, because it answers people’s need for convenience.
Any experience in running a vending machine business? Please share by commenting on this post.
By: Ivan Widjaya