Company annual revenue is $20k a year.
Equipment for the company is valued at $30k.
Takes about 8 hours of work a month. For around $10k I can completely automate the process and have no more work but still receive the income.
I have an offer for $80k.
Should I? A. Sell B. Hold C. Automate and hold onto that sweet sweet 100% passive income forever passing it to my children’s children’s children
Thank you 🙏
Edit: This companies revenue scales with inflation and its profit margin is set in stone.
Could you get the same ROI with another business?
If it only takes you 8 hours of work per month to profit 20k per year, I’d automate it and keep it forever, especially with the security of a locked contract.
C. Automate and hold onto that sweet sweet 100% passive income forever passing it to my children’s children’s children.
If you can scale it up and have passive income, why wouldn’t you? Consider if something happens to your primary income source. Having this to fall back on, would alleviate a lot of stress.
There must be a chance of this failing. Nothing lasts forever.