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If you want to start a business but your appetite for risk is low (you have a family to support), you should look into a lifestyle business. It's like a startu
by byoung2 14y ago
If you want to start a business but your appetite for risk is low (you have a family to support), you should look into a lifestyle business. It's like a startup, but instead of swinging for the fences and seeking VC investment and looking to be aquired or IPO, you seek to maintain a certain level of income to support your lifestyle. This may be easier for you in Pakistan than in a more expensive country.
Take me, for example. I make $100k+ as a software engineer, so if I wanted to quit my job and start a business, I'd need $9k per month to support my current lifestyle (pretty difficult to do). Maybe in Pakistan I would only need $1k per month (a little easier).
Ideas for businesses to make $1k per month include selling stock photography, WordPress templates, simple iOS/Android apps, etc. If you want something with more potential (but with more effort), try something like Skype tutoring, being a virtual assistant, or a content writer.
- pknerd 14y agoThanks for your valuable comment. In short you're saying to juggle so many balls at once but it does make sense. What I guess it also requires good at marketing which I am not. In past few year I did try to work on different technologies and could not restrict myself to a few but I still could not develop skills to sell myself or my skills. Being a developer it's pretty hard but not impossible.