Level Up Advising

HEY BUSINESS OWNERS! 👋🏾 Have you had the chance to PAUSE and reflect on this past year's business performance yet❓​​​​​​​​
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Now that the holiday festivities are past us, it's a great time to take a moment to assess all the changes that occurred and how they've affected your . ​​​​​​​​
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Outside of reviewing the business financial statements (which should occur very frequent through the year), other ways to measure your business performance is by assessing these Key Performance Indicators (KPI) below.​​​​​​​​
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📌 Revenue Growth (each segment/division)​​​​​​​​
📌 Revenue Per Client/Customer​​​​​​​​
📌 Profit Margins (Gross, Operating, Net)​​​​​​​​
📌 Client Retention Rate​​​​​​​​
📌 Customer Satisfaction (reviews)​​​​​​​​
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Visit www.levelupadvising.net to learn more about our BUSINESS services and to schedule your initial consultation.​​​​​​​​
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#2022

According to Investopedia, PASSIVE INCOME is income that requires minimal effort to obtain and can include derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved. While these money-generating may have initially required some effort, they now generally pay out automatically without the recipient breaking out a sweat.​​​​​​​​
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These top 5 of 2022 were chosen as viable ways for an individual to begin on their journey of generating passive income.​​​​​​​​
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KEY TAKEAWAYS ​​​​​​​​
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ℹ️ Passive is defined by the IRS as either “net rental income” or “income from a business in which the taxpayer does not materially participate,” and in some cases can include self-charged interest.​​​​​​​​
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ℹ️ There are specific IRS rules that need to be followed for income to be considered passive.​​​​​​​​
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ℹ️ Passive income is income generated from someone other than an employer or contractor.​​​​​​​​
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ℹ️ It can be generated by earning interest on savings, getting cashback or rewards on a credit card, renting out a space, purchasing dividend-paying stocks, and so on.​​​​​​​​
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Visit www.levelupadvising.net to learn more about our suite of FINANCIAL SERVICES!​​​​​​​​
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🏅🌏 📊 💵💻📲📈💰​​​​​​​​
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