Short excerpt from a T. Harv Eker YouTube video discussing how to make a business generate passive income by setting it up so it does not require the owner to be present. The speakers emphasize systemizing the business and delegating management so the owner only needs to check in occasionally.
Other part of passive business income is your own business. But harp, in my own business, I'm working my off. So what do you want to do? The big thing here, you have got to set your business up in a way that doesn't need you to be there. All right? And so how do you do that? You've got to systemize your.
Business so.
That you don't have to be there in order for it to run well and bring you income. And I have myself and a lot of friends that were in business for several years, and then they set their business up and they're. They're never at their business and their business is flourishing. You go, well, you have a harp. Don't they ever have to look in?
Yeah, yeah, you have to look in once in a while. If you're not and someone else is managing it, yeah, you have to look in once in a while.
But is that passive?
Yeah, it's about as passive as you're going to get.
