Topic: Help me analyze the feasibility of this business idea (Read 813 times)

I think it's a pretty good idea to ask for others advice but solely as a resource to help gather your thoughts on your future plans.  Depending on where you live in the world, being a teacher may not be as bad as the media makes it out to be.  I know here in the United States many teachers earn a solid wage yet still complain.  Of course, this is not necessarily how the rest of the world operates.

I think there could be more money in option 2, but how about doing what you're most passionate about?

Besides that, the job of a teacher is also not easy, to be honest. Here in our country, if you are a private teacher, most of them are not well compensated, and the teachers who are under the government here are also not paid enough because it also depends on the salary grade of the item they have.

Because there are other government employees among public school teachers who still need to study for a master's degree just to increase their wages every month, they should have completed a master's degree in their profession in education. So doing part-time here in Bitcoin or crypto, I think it's fine as long as they can manage it correctly, which won't affect their job as a teacher.

I think it's a pretty good idea to ask for others advice but solely as a resource to help gather your thoughts on your future plans.  Depending on where you live in the world, being a teacher may not be as bad as the media makes it out to be.  I know here in the United States many teachers earn a solid wage yet still complain.  Of course, this is not necessarily how the rest of the world operates.

I think there could be more money in option 2, but how about doing what you're most passionate about?

It's actually sad to know that teachers are so underpaid in every country while in reality, they are the ones who build the foundation of every profession in the world. And to be honest, teaching is one of the toughest professions in the world, in my opinion. A teacher does a lot more hard work than what they are paid for which is a fact. These are the reasons why I wouldn't recommend you go towards that profession even though I know you said that it's what you like to do.

Starting your own institute should be the thing you go with since you mentioned competition and then you said you have a unique idea or an approach, I would say you should go for it because when you do something which others are doing as well but you do it differently but in a good way, you will surely get noticed. So, I would suggest you go for that to have a better future.

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!

Making decisions is one of the toughest challenges in life, we often regret the decisions we have made. The characteristics of people who take or make decisions with conscience are decisions taken or made by people who are happy, specifically not emotional, so that the decision does not tire and weaken anyone's mind unless otherwise.

So it's true as you said, it's better to be able to combine the two jobs. If you have the same skills, there's no harm in choosing both. Aren't we required to look for work with two sources of income when the economy has been doing well in the last few years? Moreover, teachers and computer institutes can be combined if they can really manage their time.

It's actually sad to know that teachers are so underpaid in every country while in reality, they are the ones who build the foundation of every profession in the world. And to be honest, teaching is one of the toughest professions in the world, in my opinion. A teacher does a lot more hard work than what they are paid for which is a fact. These are the reasons why I wouldn't recommend you go towards that profession even though I know you said that it's what you like to do.

Starting your own institute should be the thing you go with since you mentioned competition and then you said you have a unique idea or an approach, I would say you should go for it because when you do something which others are doing as well but you do it differently but in a good way, you will surely get noticed. So, I would suggest you go for that to have a better future.

This is it for me, the first might option might end up not giving you that much time you think it might for the reason you already mentioned, and to add to that is that, being a teacher, you at some point in time or from time to time will also have to study the subject you want to teach your students in the next class, you discover that, at the end of the day, you just got yourself into a rat race which may be difficult for you easily pull out from.

I chose this second option because, it is simply you running your own business, it gives you the ability for you to be your own boss, you have all the time to do all the stuffs you want to do online, and schedule the time you want you student to come for their computer lesson, this you can set at a time that is very convenient for you.
So, this option is much better if you have the financial capacity to start/run it.

I think teaching is really your passion because in both of your plans, sharing your knowledge to students is always included. This is what I usually to people who share their plans with me: Take one thing at a time. This may be slow for some but I believe that taking one step at time make things a little clearer than juggling everything all at once.
It’s true that teachers are not well compensated but in your initial year, consider first your priority. Do you need money and time? Be practical to choose first the option that will give you higher income and freedom but dont choose something that will kill your passion, option 2 will be a good start.
Along the way, when you build a good reputation, universities will cater your demand when it comes to time, in that case, you can still do Option 1 and have that teaching profession!
This is just me putting myself in your shoes. You have a great plan OP!

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!

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!

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!

I am agree with you that every job is difficult but those who are not involved in it will consider it as an easy work but teachers can understand well that how they manage all the things in limited timing. Selection of job is also dependent on your willingness as if you are good in maths then you cannot teach another subject and you will want to get rid of it.
Therefore it simply means that you will be interested in that job where you know all the things so you will enjoy your work. There is an option for everyone that take benefit from your skills by utilising it in your desired job while at the same time you can also continue another job but those who consider job as a difficult thing can never be successful. So accept the difficulty by keeping in mind that everything is easy if you work properly for it.

Basically, it's all about the time management. If he can handle his time and has the skill in both fields, choosing both teaching and starting up his computer institute, and combining the income he can possibly get would be better. Especially if he really needs the money to support his desires. 

By trying to do this work at the same time, OP will have the time and experience to explore deeper in this both fields. In the future, if ever he decides to focus on one of them, at least, he already learned enough to continue on the business/work he chooses.

As many people say, Being a Teacher is one of the hardest job and a passion at the same time because they are the one who teaches us, starting in our basic level of education up to a master's/doctoral degree. Actually, there's no easy job, people may find it easy because they've enjoyed and loved what they are doing but everything requires effort and lots of hard work. OP is doing good in science and math which I think is suitable for being a Teacher or professor but I don't know if that profession in his country is well compensated or not.

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.