Is owning a small business a way to generate passive income?

[Naz]

Owning a small business can be a great way to generate a steady stream of passive income. With the right small business, you can set it up so that it requires minimal time and effort but still brings in money from customers on an ongoing basis. Passive income is, as the name suggests, income that you receive passively, rather than actively. If you’re actively involved in your business, any income you make will not be passive. However, if you set up your business in such a way that it continues to generate revenue even when you’re not directly involved with it – for example, through renting out property or contracting out services – then any earnings from those activities are classed as passive income.

Small businesses can take on many different forms and operate in almost any industry you can think of. The one thing they all have in common is that they’re all small businesses. You might be wondering why this information is important and why we even need to make a distinction between different types of small businesses. The answer is because each type of small business has its own unique pros and cons when it comes to starting one and operating it.

So according to my point of view , owning a small business is a great way to generate passive income.. what do you think about it?

 

[Alexis3]

This whole post is just word salad mashed up together,you didn't even get into detail on the work that one can do or set examples.i understand you doing this for views but at least add some spice to it.

As for the topic of course small business is good like buying and selling of goods you could employ a worker to ensure business continues without you or hiring people to do jobs online ,these are jobs you find and teach others to do.

Simple put small business is good if you know what and why you're doing it