IFISE Magazine - August 2017 FED Report

FED REPORT August 2017
WHY CONVERT YOUR BUSINESS INTO A PASSIVE INCOME SOURCE ?
Today, most Business Owners are actually “Business Owned”, meaning, they don’t
really own the business; the business owns them, their private life, their family life,
their health, their well-being, everything...
The bigger the business gets, the more stuck they feel.
Nothing happens unless they are involved. Even when they have employees, they still
struggle to find some time out from the business.
Now consider this...
There are 2 main reasons, that people start business -
1. It is a good way to generate lots of wealth
2. They get to do what they like, in their own way
After starting the business, few months or years later, they realise that they are not enjoying
the business anymore. Why? Because now they go to work not because they love the work but
because they have to. If they don’t go to work, then the income will stop. It is not about liking
the work anymore. It is about paying the bills and putting food on the table for the family.
I’m not sharing this to discourage anyone from doing business. In fact, my mission is to encourage
people to see entrepreneurship as a rewarding career option. I’m sharing this to show you what most
business owners go through so that you know that you are not alone and that this can be avoided.
There is a better way!
“Work on converting your business into a Passive Income Source.”
I believe that Every Large Business was never a Small Business.
Every large business today was small (in size) in past BUT the owner of that
business never saw it as a small business. They set it up as if it is a large business.
So, the business has no challenges to grow into a larger body when the time is right.
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