Topic: Help me analyze the feasibility of this business idea - page 6. (Read 748 times)

This will be the perfect setup for you. Always choose things that you like which in case teaching. There’s a lot of way to earn more by staying on your career such as pursue higher degree of your profession to get higher salary grade when you apply on high paying  schools in your country or have a side hustle that still related to teaching such as online learning which very popular and in demand especially for people on China, Korea and other country that doesn’t prioritize english while their citizen seek to learn it for global communication.

Last choice is to teach overseas that offers higher salary. There’s a lot to do on your profession to earn more. Don’t sacrifice your fashion to other jobs that doesn’t give you certainty to have decent profit. At least on your profession you are still happy while earning even if it’s a little bit small.

I have a friend, teacher is his profession, also his passion. However, he realized the same situation as you that the salary being a teacher is not enough to provide his needs and his family. He found another source of income as a virtual assistant, of course he get paid higher than being a teacher that's why he focus on that.

What I can only say to you is, you should choose between long term career as a teacher till you retire or use your other experience with possible higher pay as it is about tech. Or maybe it would be better if you can do both until you realize what you want to focus between the two. It will be tiring of course but at least you can learn what you want.

I think this may depend on the area and whether you are an elementary or middle school or college teacher. In my country, many teachers have very low salaries and struggle to take care of their families, even forcing them to find other part-time jobs like what you and the OP mentioned. But besides that, many teachers have quite good income, in addition to income from school, they also open classes at home and have many students come to study. They don't even have time to rest and of course their income is huge.

Op didn't say anything about focusing on teaching about crypto, but that remaining free time he / she could use to focus on his personal crypto hobby/interest/investments or whatever. So he doesn't really explain it as it's a personal free time issue, and to op it definitely can be about making money, as to most of us it is exaclly that.

1. I don't understand with the part to focus in crypto and online stuff, it's too general. If you mean you want to understand about the coin you want to invest, it's not making money, but you will need to wait until the hype happen or bull run which take year(s).

2. The problem is you didn't break down the skill you have. You need to break down what you can do in graphic or tech, use it as a portfolio. Example you're want to teach how to pick a good color combination, you can explain the way or principle you pick the color, it become better if you can backup your guide with a phenomenal artist's words.

You can do both. You can teach as a teacher from morning to afternoon and in the evening you can give private lessons for those who want to have knowledge of technology and things that you are good at. So both can run at once and you can make more money.

There is nothing wrong with becoming a teacher and giving private lessons. You can also focus on investing in crypto because you have two sources of income to start investing in crypto. And both are good choices for you because you can also teach about crypto to your students. That means you open the minds of young people who become their students about the presence of crypto and they will also know about investing in Bitcoin.

Most people always think about the size of their salary when they want to start. That is normal because with that salary we will meet our daily needs. But we have to remember that it's not always about salary but there are other things that you can feel. But it all comes back to you because you are the one who will live it.

The part when you say that salary from teaching will not be enough for everyday life is a bit sad actually, I thought it's only happening in my country, yet I am wrong.

I think the first thing you should consider is your current responsibility, do other people like your parent/brother/other family rely on you to make money?

If yes then the first option would be ideal, because if you teach professionally, at least you will get stable income immediately, and as you said you will still got spare time to get side income either from Crypto trading, or you can make video content on social media, or you could join some courses to learn new skills that will get you better salary.

The 2nd option would be ideal if you don't have any responsibility, you just life for yourself. Because starting business is not easy, there is no guarantee when you will actually earn money, you will need to struggle.

Of course, you can't rely on the salary from being a teacher because it's not much. However, a teacher is remembered and appreciated by many people around him. It's nonsense if you are a permanent teacher but don't have free time to do other activities besides teaching, but in my opinion even permanent teachers definitely have free time to do other activities besides teaching, because the salary from the profession of being a teacher is not much and not will be sufficient for ourselves, not to mention if we have our own family to support.

If you have skills in the field of graphics, it's good if you can operate and utilize them well. Nowadays, technology is given priority, especially in large companies that are looking for people who are experts in the field of graphics, because as far as I know, graphic art has a high price, this is why an opportunity for you to utilize your graphic skills. There is no need to be afraid to open a business, if you think like this at first then you will give up before fighting. Nowadays, there are many coffeeshops everywhere, but there are several different groups of people who go to these coffeeshops, the first group of people enter luxury coffeeshops just to fulfill their style even though the menu provided is not delicious, but they sell the concept of a luxurious coffeeshop, even though what they do just order randomly without knowing anything, the second group of people who enter coffee shops are to enjoy coffee who really understand coffee without caring about the place or concept of the coffee shop, but usually people like this prefer simple coffee shops with notes of the coffee they enjoy. Very understandable for coffee connoisseurs

Our advice will have less impact on this issue. You know the condition of yourself and will probably know which one that will work well for you. I will assume myself to be in your shoes and the option that will work well for me here is the first one. I'm currently a teacher in a private school to be precise and in fact, I'm typing while sitting in a class room like this.

Teaching will not in anyway affect your activities online. It depends on how you plan your schedule and follow it. I understand the stress associated with teaching profession but no school will allow you to work for 24hrs in a week be it public or private school. If you are concern about your Forum activity, then I will tell you that it's not a problem at all. As a teacher, you and reading, research and practical will become friends and you can still continue your learning in the forum.

In my school here, activities starts by 7:30am. I wake up everyday except weekend as early as 5am and observe my morning prayers which after I will come online to engage myself on the forum and other social media platforms. I'm living in school staff quarters, so I report my name on time book by that 7:30am. I still come online to check on Forum and other medias when I don't have class. By 2pm, the school is closed and I continue with my normal life. Teaching is not as stress as many people assume, you can do well enough if you know how to plan yourself.

My advice for you, if you are comfortable with the pay that school wants to offer you then you should go for the first option and plan yourself rightly. The second option is also good but it will depend on the environment and the kind of people living in there. Fortunate enough, you already spot the challenges associated with the second option and I guess it will not be the best for you.

I was thinking of a possible business/work to start that will still give me the chance to do my online stuff and of all the things I thought of, these two seem to stand out.

1. I'm good in maths and science-related courses and have always loved teaching; my initial plan as a young person was to enter fully into the teaching profession when I grew up. But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world and I'm looking at the possibility of doing a teaching job which is what I'm passionate about and use my remaining free time to focus on my crypto and other online stuff that I'm into. My issue with this is that some schools can be engaging and might not give me breathing space to face other stuff.

2. The other option I'm also considering is that, since I have basic experience in graphics, and also have little tech knowledge, I can start up a computer institute where I will focus on training young teenagers on the foundation of basic computer operation, graphics, some tech-related course and also use the working environment to conduct private lesson for them. My issue with this option is that there are people already using their cafe for computer training in the area where I intend to start this business so my fear is how best I can manage the competition although I have a unique idea that is different from what those existing cafes are doing.

Your little advice will go a long way!