Why is Passive Income Important for Entrepreneurs?
Passive income can be a game-changer for entrepreneurs for several reasons: 1. Financial Security: It provides a steady cash flow, reducing financial stress. 2. Flexibility: It allows entrepreneurs to focus on new ventures or personal interests. 3. Scalability: Passive income sources can often be scaled without a corresponding increase in effort. 4. Diversification: It helps in spreading financial risk across multiple income streams.