126: How Restaurant & Bar Operators Can Develop Multiple Sources of Income
Publisher |
Ken Burgin
Media Type |
audio
Categories Via RSS |
Arts
Business
Food
Management & Marketing
Publication Date |
Apr 06, 2015
Episode Duration |
00:37:49

People work very hard in this industry, and the risks are high. The economy is a challenge, trends change, and new competitors arrive all the time. Developing an income that doesn’t just depend on customers ‘turning up’ makes a lot of sense.

In this interview Ken Burgin talks with Diane Kennedy, a CPA based in Reno Nevada. Her business USTaxAid is in the business of helping people to ‘Make More and Keep More’, through expanded income opportunities and the wise use of tax minimisation. I’ve known Diane for quite a few years, and always been impressed by the enthusiasm she brings to helping people get better fianncial results from their hard work.

We discuss five types of income and how to develop them:

- Active income- Leveraged active income- Recurring income- Residual income- Passive income

 

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