How to Write a No-Bullshit Passive Income Business Plan

Forget the “get rich quick” schemes. This is a practical, experienced-based guide on how to plan your next business, from the ground up.

Ok, ok! You’re ready to jump ship from the 9–5 world for good and start a passive income business. Excellent — you know what you’re running from. But do you know where you’re running to? Do you know what kinds of products and services you’re going to offer? Or what you’re going to charge for them? Or how you’re going to differentiate yourself from the swarm of competitors already beating down your potential customers’ doors?

The thing is, if you start building before you answer these questions honestly, your fancy rocket to infinity and beyond is not going to make it past the stratosphere. So let’s invest a little time up front to make sure our new ventures are primed for liftoff. Deal? Deal.

What the hell is a business plan?

Good question…because when I sat down to write this post I was a LITTLE hazy on the details. To be fair, everyone seems to have a different definition, so I went out and read a bunch of different articles to figure out what’s…