4:59 PM | 110KB/s 2 BB all stl GD € READING MATERIAL As in the first part of the video ‘Kaise Khulege Income Ke Naye Raste?", you learnt about the different sources of active and passive income, the second instalment unveils an ‘income score sheet’ that will enable the entrepreneurs to access their ability to generate passive income. Prof. Paritosh Sharma, here, shares a set of 5 pillars that will help you rate all your sources of passive income on a scale of 1-5, and select the best one for your business to grow. Once you get an answer to these questions based on the below pillars, you will unlock your time significantly and focus on the growth of your business as never before. Important NOTE #1: Will this generate immediate cash flow? You have to answer this question in ‘yes’ or ‘no’. If your answer is yes, then you have to rate it on a scale of 1-5. If your score is 1, that means your source of income has a lower potential to generate passive income, whereas if it is 5, it can generate a high passive income for your business. Important NOTE #2: Will this generate regular cash flow? The source of passive income you select should maintain a regular cash flow in your business. For example, if you generate a passive income of Rs 5 lakh for the first month, but your income remains zero for the next month then, this source of a (C} <44:59 PM | 110KB/s Z BB atl stl GD € READING MATERIAL For example, if you generate a passive income of Rs 5 lakh for the first month, but your income remains zero for the next month then, this source of income is not reliable. To get the answer to this question, rate your source of income based on its frequency. Important NOTE #3: Will this generate sustainable cash flow? You need to ensure that the source of passive income you are selecting continues to generate income for a longer period. To check its sustainability ratio, rate your source of passive income on a scale of 1-5. Important NOTE #4: Will this give increasing cash flow? To increase your income from 1x to 5X and 10x, you need to increase the flow of your passive income. For that, you must select a source that persistently increases your passive income with a score of 5 on the assessment scale. Important NOTE #5: How much personal time will this take to increase the cash flow? The income earned at the cost of investing all your time in the business no longer remains a passive income. It becomes an active income. So, while answering this question ascertain how much time it takes to generate the income instead of calculating how much income it generates. The minimum the time it takes to generate income, the a (C} <44:59 PM | 1.5KB/s 2 BB all stl GD € READING MATERIAL apres eee ee ween pre rete cece eens this take to increase . the cash flow? The income earned at the cost of investing all your time in the business no longer remains a passive income. It becomes an active income. So, while answering this question ascertain how much time it takes to generate the income instead of calculating how much income it generates. The minimum the time it takes to generate income, the more will be your passive income. Benchmark: Now, to understand which source of income is best for your business, you need to calculate the total score of all the 5 above-mentioned factors. You have to access the sources’ ability to generate passive income matching your business requirements based on these scores. ¢ If your total score is 10 (or less than 10), it would take a lot of time to generate a passive income If your total score is up to 20 (or more than 20), it would generate a passive income at a greater speed Massive Action Plan e Rank your source of passive income on the scale of 1-5 « Remove the source of income with a total score of less than 10 e Focus on the source of passive income having a total score of 20 a (C} <4