Part 4/9:
Positive Cash Flow: Look for businesses that bring in more than they spend monthly, ensuring a steady passive income.
Business Model Understanding: Ensure you grasp how the business generates revenue, whether through sales, subscription models, or advertising.
Opportunities for Improvement: Identify ways to enhance the business based on your unique skills or knowledge, enabling you to scale operations effectively.
A real-world example includes an entrepreneur who bought an Amazon FBA store, which was already established with a solid marketing strategy and positive reviews. After implementing some improvements, the business became highly profitable and largely automated.