Having a steady cash flow business with recurring income is important for small business owners. Here are five characteristics of a good cash flow business:
Low overhead costs: This means you won’t have to spend a lot of money on things like inventory, office space, or equipment.
Scalable: You’ll be able to grow the business without having to pour lots of money into it.
Recurring revenue: Meaning you’ll be able to generate income on a consistent basis.
High-profit margins: You’ll be able to keep more of the money you make.
Simple to operate: You won’t have to spend a lot of time on things like marketing or customer service.