
Passive Income vs Earned Income: Checklist to Scale Your Business as an Asset | Ep 59
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Are you growing a business or just building yourself another job?
In this episode of CEO Boardroom Table, business coach and 8x business owner Dr Lewis Haydon breaks down the difference between earned income and passive income—and what it really takes to build a business that works without you.
You’ll hear the real story of a business coaching client who was stuck in the day-to-day grind, struggling to scale, and blocking leadership growth by treating their business like a job instead of a scalable asset.
Lewis explains what business owners must shift to create freedom, profit, and long-term value. If you want to scale your business, lead better, get more clients, and eventually exit or step back, this episode is your blueprint.
Key takeaways include:
Why most small business owners get stuck in earned income loops
The mindset shift from operator to true business owner
A checklist of CEO-level tasks vs operator tasks
How to grow, systemise, and scale your business as an asset
What real leadership looks like when building a profitable company
The long-term benefits of building online systems and passive income
This is one of the most important conversations for any entrepreneur, small business owner, founder, or consultant looking to build real wealth through their business.
Chapters:
00:00 The Story of a Business Coaching Client: A Business Owner's Journey
03:04 The Hustle Mentality: Is Busy Really Productive?
06:05 Valuation Insights: Understanding Business Worth
07:28 Understanding Business as an Asset
09:54 The Role of the Business Owner
12:19 Systems and Scalability in Business
13:32 Building an Asset vs. a Job
14:39 Scalability and Long-Term Goals
15:52 Time Management and Life Choices
Hosted by Lewis Haydon – 8x business owner, Doctor of Management, Business Coach of the Year, and founder of MentorBusiness.com. He walks the talk, having built multiple 8-figure businesses and helped others become millionaires.
Keywords:
business coaching podcast, entrepreneur podcast, how to grow a business, scale a business, startup podcast, online business podcast, get more clients, passive income podcast, financial freedom podcast, leadership podcast, business growth podcast, small business podcast, asset building, business owner mindset, business strategy, business systems, time management, CEO podcast, business mentor