Help me analyze the feasibility of this business idea

[cabron]

Just pick one first. One at a time is all you need to do. For now, you need to master the ones you pick. So if you wanna go where you are passionate about such as teaching, then be a teacher. You said the compensation is not enough so, just find more kids to teach privately, tutorials AFAIK pay more.

Teachers have my respect for being patient. This is the sort of the most important trait that teachers have when dealing with students.
The school where my kid goes offers school tutors, and these tutors sometimes earn almost the same while only spending a few hours with 2 to 3 students in a few hours.

[1715559225]

1715559225

[Faisal2202]

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.

I don't know where do you live and how much money the teachers are making in your area and how many hours do they have to teach ( it would be great if you would have provided that data) well, in my area, a private teacher have to teach in School or any institute at day time, and still to meet the expenses of life, he/she have to teach at 1 or 2 different academies.

Just to motivate you, I am also a student, and teaching for the pasts 2 years, but not in school, I teach in academies where I only have to teach for like 2 hours tops. I will not say that, I can solely depend on the earning of teaching at one academy. So last month I joined another. Here is my time schedule at that time.

I woke up at 6 in the morning, go to Uni, come back at 1, and around 2 I have to go to the first academy for teaching and from 2 to 4 I teach there then I have to travel 11 KM to go to another ( which is near my home) so I teach there for 2 hours (from 5 to 7) and then I am free at night. However, I only taught at 2 academies for some time, as I could not get to manage my time so I dropped one for the time being. But they really liked my work and still after me 

I have only 1 suggestion for you, money is important no doubt about it, but at first, you have to gain some experience and if you are getting that experience at a low income then do not hesitate to do that and after earning some experience you will be welcome at big institutes easily.

[Antotena]

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!

Your condition is really tough one to choose but I will give my opinion base on my experience. Teaching job is stressful, now I don't know where you from but if you are from country, I will say you should forget about teaching because teachers are underpaid after all the hard work of lesson plan and lesson notes and if you want to take a single course, your take home might not even give you a good meal for 5 days, I don't think you might want to do teaching job.

Why not focus on the graphics, it's a demanding service. Don't think because people have already occupied a place my stop you from doing yours. If you have better experience and good hand in design, doing a single satisfactory work for one person might change everything around that location, more customers will move to your place if they know you are a good graphics designer.

[Quidat]

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!

1. If you do have plans on trying out to make some extra income then breathing space wont really be that a much of an issue or something that would hinder you, but if you are a type of person
who does really need it and dont mind about extra income then better stick with that single source that you do have which its your choice since its your time and not ours.
Sacrifices would really be made on the time that you would really be tending or having plans on upgrading or trying to earn more. If you cant bare out that kind of hassle or risks
then you do always have the choice.

2. Competition could really fucked you up and with todays era and years of technology on which tutorials specially on computer or whatever it might be then it could really be found online
which i do fear that there's no demand for such thing because anything could really be searched online and its totally free which if you do charged up on something
free then expect on what would really be the next thing to happen.

In overall, then it would really be that recommendable that you should really following your passion.Its understandable that making more money would be priority but
nothing beats out on working on something which you do really love on doing so.

[DubemIfedigbo001]

OP you did well by sharing your problems for experienced mind in this forum to share their views.

Firstly, being a maths teacher and making a fulfilling career out of it is largely dependent on the country you find yourself in. In my country, you might  regret it as private schools  pay little or nothing for your hefty stress. If you're lucky enough to get a federal government appointment in a school, the load will be lesser and pay higher.

In this  emerging world of technology, I think your graphics design skills will  pay you more and give you an opportunity to grow with the trend as you're rapidly increasing in skills as you do more jobs and you can land huge contracts that will suit you well.

You can still go work for some of those companies you're thinking of competing with, test run your ideas and get it right before starting up yours. I'll also mention that you need to learn basic management skills possibly from a company or two or take courses yourself before starting yours. Trust me, starting a company isn't a child's play and keeping it running is even harder and consume more time than expected.

You'll also have to be honest with yourself and take inventory of your passion. Which of them you do effortlessly and focus more in building on it cos passion drive success. I still believe you can incorporate your crypto life into any of them if you plan properly.

[BitDane]

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.

To be a tutor is one good answer to the problem since you can do your passion of teaching and at the same time you have the free time you needed.  It can also give you more income than being a teacher probably.

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.

This can only be answer by yourself. but I think you can compete against your competitor by lowering the admission fee.  This way you can have an advantage against those services that is charging too much.

[Dzwaafu11]

My own advice won’t be much, as other people have already discussed it; however, just choose the profession that will give you more money, like after you leave your physical job, you will have enough time to do other things. I think that will be better.

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.

 
I think teaching is okay, as you want to have enough time to face your online stuff that will help you financially because the money you may earn only in this profession may not be enough for you, even though I don’t know how your own country's salary is going. If not for my country, teachers are one of the professions that receive the lowest salary. But they always have enough time to do other things to support their salary. You can also do the same thing after closing hours and focus on your online job.

[topbitcoin]

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!

Having a profession as a teacher, as is currently the case in several countries, does not really respect this profession because the wages they receive are not in accordance with the responsibilities they carry out, which are very big responsibilities, namely educating the nation's children. If we think idealistically and realistically, becoming a teacher is very difficult because it requires a very long process and the costs are quite large. And it seems that the salary for being an honorary teacher is smaller than the costs that must be incurred to obtain this profession. And if the basis is not for love of knowledge and service to the country, perhaps someone will be reluctant to become a teacher because they see the wages are so small.

And if you plan to build a business, namely by opening a computer class and becoming a private teacher, this is a good decision because it suits your abilities. Even though many people have started this business, that doesn't mean you don't have the opportunity to build the same business and in this case you only need to focus on the marketing process and if this is the first time you are opening this business then in the beginning, don't ever apply charge high prices to be able to attract people to take your classes and don't ever think about having big profits, but focus on increasing the number of people who take your classes and after that provide your best teaching quality so that people take your classes Be people who excel, so this will make your private classes and computers have good quality.
Because if your business has good quality and is able to produce people who excel, then price is not a problem.

[BigBos]

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.

That is the reason why some people become a teacher, they want to be able to change lives of some of the kids they teach and it definitely is a great deal without a doubt if they can actually do it.

However, it is also a shame that being a teacher that wants to shape the future of a nation ends up being so lowly paid, it is not really fair because we are depending on these teachers to make sure that our future generations are better than how we were, and most of the time those teachers are having financial troubles and how could a person who has their own troubles end up making sure that others are doing fine. So, a teacher that gets paid very little do not really end up making better generations and education system usually fails most people.

This is different in some countries because there are some countries that treat teachers with decent salaries, even commensurate with what is given, but for most countries the salary as a teacher is not very decent, including in my country.

There are some of my friends who work as teachers in high schools who indeed when talking about eligibility it is actually very inappropriate because for a month he only gets a salary of $35 maybe in other countries it can be smaller but if you look at the employees and the average salary in the company it is very far if the average company salary in my country is $200-300 per month.

Even though being a teacher is not an easy job and the responsibility is great but sometimes what he gives and the income he gets is not comparable.

[Vaskiy]

Be passionate in whatever you do. My suggestion would be to go with a institution that provides opportunity to develop mathematical skills as well as basic learning on computer. You're able to make better earning as what you know could be taught. This is possible and keep yourself engaged into learning more and more about the technology. The upcoming generation will be much connected and online classes will have more importance. Maybe you can develop an application, there are many available in the market yet yours can have something unique. Providing series of classes through YouTube and other platforms could also provide with some earning.

[gunhell16]

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!

From what I see in your current situation, you also lack a source of income to cover your expenses for a month, and in that regard, you are not alone. Many people on this forum platform have their own personal jobs while they are here. And Bitcoin, or cryptocurrency, is only one of their additional sources of income; the others are full-time here.

Since you have knowledge of graphics and technical aspects, I think you can use it here in this section: https://bitcointalk.org/index.php. board=52.0You can offer your services there; what are your skills? Just observe first how they offer their services in that section, then post your skills that you can give to anyone here in the forum.

And as far as I can see, you did not make a mistake in landing on this forum. You can learn a lot here because most of them are accommodating people.

[AmoreJaz]

Be passionate in whatever you do. My suggestion would be to go with a institution that provides opportunity to develop mathematical skills as well as basic learning on computer. You're able to make better earning as what you know could be taught. This is possible and keep yourself engaged into learning more and more about the technology. The upcoming generation will be much connected and online classes will have more importance. Maybe you can develop an application, there are many available in the market yet yours can have something unique. Providing series of classes through YouTube and other platforms could also provide with some earning.

the OP knows his real capability when it comes to teaching as well as his financial conditions. from that point, he will be the one who can finally decide where he will walk his path.
from his situation, it seems it is better to get a part-time teaching job so the time may not be too consuming. and so he can still find time to do other side jobs that will give him additional income.

[shinratensei_]

with the second idea you need to start it up and see whether it fare quite well in your area considering the competition, the first choice is also just as good, you know that teaching profession isn't all about stuck in one job, you can have job at teaching and also creating online courses and make money out of it, heck if you good at marketing the income would be massive.
but for the long term I think the second idea is promising, it can scale well and can give you many income but to pull it off indeed you will need massive effort and innovation.
its actually also depends on your financial condition and see whether you can really create business, you should know starting business isn't as easy as it seemed to be.

[Oasisman]

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.

Your issue about teaching is pretty common for other teachers too. It's either the other school activities, extra curricular activities or extra hours of work at your home to finish your report would consume your remaining free time.
I thought online teaching could be a better alternative to this and might give you more income and free time than the physical schools.
Since, you have mentioned teaching is what you are passionate about, so I guess teaching other subjects like English language isn't gonna be a problem to you and this is what I can recommend to you.
You can work under 8 hrs a days and it is guaranteed you'll have plenty of free time to be more productive.

[wxa7115]

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!

There is not really a superior choice among the two, as both of them are basically a job as a teacher, with the only difference being what you teach and if you are your own boss or not.

With this in mind the only one that can choose the best option is yourself, as you know way better than ourselves the current situation where you live and which one of the options you bring forward has a greater chance of succeeding, however if given the choice you should try to become your own boss, as most of the time this is an option which can bring you more money over the long term.

[bluebit25]

I think OP tried your best (with luck) to make great work choices,

1- To me, the teaching profession is a noble job and always receives respect from society, but the OP's point of view may still be about finances to maintain life. It's also possible that the teaching profession can bring low income, but let's look at it from one perspective: it's a job that brings valuable knowledge to the next generation and don't use money to compare.

2- With this 2nd option, I also have a little understanding about it. The competition in this environment is quite harsh. If you are not good and different enough, the job will only be at an average level, working like a job computer and run deadlines every day, every month, every year... But it's actually a pretty good job for today's young people. If you're talented, your creativity at work will take you to positions that as I know some people in this industry they are happy with it.

But what do you think about balancing both of these things, I mean doing both things in one job. Specifically, you can teach graphics, or vice versa, create educational graphic products.

[bakasabo]

I will start with your second idea - teaching about computer graphics and etc. I think it will be really hard to get success in it, as you an individual, and there are already corporations that offer online training courses, as well as there are plenty of information on YouTube for example (like step-by-step lessons). But math courses might go well. You can teach students individually online. However consider it more like a freelance job, than a serious business project.

[Gozie51]

Your idea is good. To have different means of income is really important in this present economic hardship but the challenge will be how you can manage your time.

Somehow cryptocurrency business is time consuming and you also have to give it time if you want to succeed in it except you are only hodling but if you plan to trade without giving it time it gets you into loses. But surely there is need to diversify your income source and the area of interest is in line with what you are already having basic knowledge on.

[uswa56]

Your idea is good. To have different means of income is really important in this present economic hardship but the challenge will be how you can manage your time.

Somehow cryptocurrency business is time consuming and you also have to give it time if you want to succeed in it except you are only hodling but if you plan to trade without giving it time it gets you into loses. But surely there is need to diversify your income source and the area of interest is in line with what you are already having basic knowledge on.

Developing existing potential to be able to earn income is quite a positive thing where there will be a feeling of joy and self-satisfaction after we do the work, there is no excessive burden which is a big advantage for ourselves no matter how small or large the income we will generate .
In this life we will never have enough of the income that we have so that in various ways we will make efforts to develop our income, and it is true that there is no benefit that we will get if we are not able to develop the knowledge that we have have.

[jrrsparkles]

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.

Your little advice will go a long way!

This is the one I will pick from your two ideas because the Graphic design sector is much more competitive so if you do not have extensive skill in that field then you will not succeed on your own.

Teaching as a profession pays you a decent amount but in the modern era you can start your teaching profession as a part-time job too and one of the best places where you can start is platform like Fiverr which has huge traffic compared to other similar sites but it will take time to build your portfolio to increase your experience then you can charge the premium prices.

By the way, both these ideas are more about finding a job, business is different so first you need to learn the difference between them.