Selling a Business and Financing for Fluctuating Profits

This chapter discusses the strategies and experiences of selling a business, particularly in the short-term rental space. It emphasizes the importance of building a business that can be sold and explores unique sales approaches. Additionally, it delves into the cyclical nature of certain businesses and the need for financing terms that accommodate fluctuating profits.

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Wouldn't it be nice to have money coming in without you working endless hours to earn it? Many people dream of having that mailbox money lifestyle, but not everyone knows how to start. Some wonder if that's even possible. Others hesitate to invest for fear of losing their hard-earned money. But you can definitely grow your passive income while still losing money.

The cash flow from passive income sources requires some work initially, but once established, it takes little to no time to maintain. Some common ways to earn passive income include investing and starting a business that can mostly run itself, or you can hire a team to run the company for you.

In this episode, Russ and Joey share their passive income sources and lessons from investing in different investment opportunities. Tune in to know more about growing your own passive income.

Top three things you will learn:

Exploring new beginnings
How to sell a business where everybody wins
Investing with confidence

August 2023 Income At-A-Glance:

Gross Income for August: $90,412.22

Total Expenses for August: $31,046.51

Total Net Profit for August: $58,929.41

Difference b/t July & August: $9,455.28

% of net profit to overall gross revenue: 65%

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

The Passive Income Retreat: October 11-13, 2023

https://go.wealthwithoutwallstreet.com/passive-income-retreat-2023-denver-co

Free Financial Strategy Call:

https://www.wealthwithoutwallstreet.com/freecall

Explore the World's Largest Car Sharing Marketplace:

https://turo.com/

Buying Online Businesses for Profit With Sophie Howard:

https://go.wealthwithoutwallstreet.com/freedomnavigator

How to Level Up Through Group Investing with Travis Smith:

https://www.wealthwithoutwallstreet.com/podcast/how-to-level-up-through-group-investing-with-travis-smith