How Can You Earn a Passive Business Income By Doing A Job As An Employee In An Organization!

If you are just starting out in your business career and have an intense desire, goal, and your own strong personal reasons to have your own business to earn a passive business income then let’s analyze a few realities of starting a business from scratch.

Realities of Starting Your Own Business From Scratch

Setting up and running your own business does not come free of cost as you have got to spend and invest money to do so. 

You may need money to buy equipment, tools, office space, pay your assistants or office staff, or your other professional helpers and business team members. 

You may also need training, coaching, and mentoring to start and run that business which again requires you to spend money.

Then you may need to spend money on your product creation and marketing campaigns. 

You have to initially do a lot of hard work and make a lot of extra efforts to get customers or clients. 

You need to be very good in sales and marketing and need to constantly keep yourself updated with the latest in your business.

 

In the meantime, while creating your business you may need to spend money from your own pocket for paying all your personal and business bills as you may not have an income and profits from your business initially when you just start out. 

On top of that, there is no guarantee that your business will be successful in the long run as it can always fail due to any reason like competition, new technology, ups and downs in the market, mismanagement, changing economic and government policies, etc. which all can stop you from getting new customers or clients or from getting new business from your existing customers or clients. 

If you are comfortable and ok with this and feel confident that you can manage this business reality then there is no problem as you can continue and carry on with your business venture to earn a passive business income for your entire lifetime. 

But what if you want a better and far more secured reality of earning a passive business income? 

If that is so, then read on as I am providing you here with a solution, a better reality, and a guaranteed path of earning a passive business income without having to spend a single dime from your own pocket.

How Can You Earn A Passive Business Income By Just Being An Employee In An Organization

As you might be aware that a large business mainly comprises a business owner, promoters, shareholders, employees, suppliers, customers, and clients. 

The main business owner and/or promoters are largely the creator and founder of the business or the main architect of the business. 

The shareholders of the business also have ownership of that business depending upon the number of shares or stocks that each shareholder holds in that company. 

These people are risk-takers as they invest their own money that is at stake in a business or a company. 

If the business or company performs well and earns profits then they get their share of returns from the money that they invest in the business. 

Of course, customers and clients also pay or invest money in a business to get returns either in the form of products, services, or even money. 

Suppliers to a business or a company might sometimes need to make some kind of money deposits to get a contract or tender but they also might have business expenses and business liabilities to run their own business.

It is only the employees of a company or a business who do not have to pay or invest any kind of money to get their returns from that business in the form of a salary, paycheck, commissions, or other invoice payments. 

And they do not have any other business expenses or business liabilities to bother about, either, as they can use their salary or paycheck or commissions as net gains for their own personal use.

So, how does a salary or a paycheck of an employee become a passive business income for them?

Let’s now see the steps to achieving this goal.

The very first step for you to achieve this goal is to get a job or employment in a large or small or medium but well-run and stable domestic organization or a stable and profitable multi-national corporation in your chosen career field for which you have a passion, interest, and knowledge.

The second step would be to work and perform well in your department consistently and gain experience and gather all the working knowledge about the people and culture of that organization.

The third and most important step after that would be to apply for an internal job posting for a management position in the same department or in a different department within the same organization but it should be broadly in the same career field that you are passionate and knowledgeable about. 

Management positions in an organization are basically people management positions such as a team leader, business manager, general manager, sales manager, call center manager, human resource manager, support manager, etc. to start with and can lead to higher positions like service delivery leader, director, vice president, and even president and CEO of the company.

The moment you are in one of these management positions your primary job would be to manage your team members or subordinates who would be working under you. 

People who will be under your hierarchy would do the bulk of the labor work and your job would be to manage, motivate, teach, guide, order, and instruct them and also manage and run the business of that specific department using the resources and the money provided by the company to that department. 

You will also have the power to take disciplinary actions against your employees who do not comply with the work rules of the company and at the same time be partly or wholly responsible for deciding the salary increments, bonuses, promotions, and granting of leaves to your people working under you as part of the business requirements. 

You will also get the complete support and backing of your other management colleagues who are either at your same position or level or are above your hierarchy or even below your hierarchy to conduct your business smoothly on behalf of the company and the department.

 

There will also be leadership and business training programs for you to attend at the company’s expense once you are in a management position. 

Since you will not do the day-to-day labor work and tasks in a management position as they will be done by the people working under you so your salary package could be classified as a passive business income where your performance, rating, and accountability will be judged by the performance and rating of your team members and subordinates.

If you want to know and understand more about how a real business of a company or an organization works and how it is run by the management then I highly recommend you to check out the book “Ruthless Management Of People And Profits” written by Dan Kennedy which is available on Amazon. 

Inside this book, you can gain very deep insights into the various business activities that are needed to be carried out once you are in a management position of a company which can greatly help you if you want to be in a management position or have applied to a management position or you are already in that position. 

If you truly love and have a passion for business and management then this book is for you. 

After reading this book you will be far better of in your practical life not only as a manager of a company but also if you have plans to start your own business.

You can check out this book on the below links depending upon your country or region.

If you are in the USA region then click here.

If you are in the India region then click here.

I hope this piece of information will help you in your career as a business and a management enthusiast.