Help me analyze the feasibility of this business idea

[Majestic-milf]

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.

Going with the first option is a good idea because mathematics is a very important subject in any school curriculum and it's not something a child can do without. I believe you'd get good income from it especially if you are good at it. Where I come from, maths and English are two essential courses one needs to pass if you want to move on to the next level in your education. Taking up a private class also gives you time to go about your online business because you get to set the time with your student.

 Taking up a class in graphics seems like a good idea but then you said you have a limited knowledge of it, so you can stick with teaching maths and doing your online stuffs.

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[davis196]

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.

How much will it cost to launch your own "computer institute"? You will have to buy or rent a building and spend money on renovation.
Do you have any capital or budget for launching such business? I'm sure that such private education organizations would need some sort of license from the Ministry of education. Do you have such license?
Can't you just create paid online courses on platforms like Udemy and Skillshare. The setup costs will be way lower in comparison to a "brick and mortar" business. The problem is that you will have big competition. Lots of people around the world are tech savvy and have sufficient knowledge in IT and graphic design.

[Gozie51]

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!

Yeah on this second option, don't allow fear discourage you from that which you already know there is light on it. In fact, competition is good for business. Those already existing business centers you think have covered all the customers may not be giving those customers the service and satisfaction they need, so you could come in to do that and it will be like lightening the way you will grow.

Usually in a business environment, there are one, two or few people who don't like the way owners there operate their business or they have had quarrel before so they are just waiting for another alternative to patronize. So such people who have not committed themselves in patronizing existing business centers there are your first customers.

Don't be scared but as a new business in an area where such business is already existing, you have to launch out very well and make a statement that will be lasting in the minds of your would be customers. Like some new business do freebies, give always or charge ridiculously low for a start until they have seen you are ready to conquer.

[slapper]

Your situation is intriguing. Two paths, both appealing, but which one to tread?

Your passion for teaching is obvious. Like you said, the modern economy is unrelenting. Single income rarely suffices. Using the internet's power? The online tutoring industry is growing. You teach, earn, and have time for crypto. Seems ideal?

Second, the computer institute. You have talent, IT expertise, and a unique offer. Competition? Inevitable. But innovation is always possible in the broad modern economy. Can your novel concept change everything?

Bottom line: Where's your heart? In tech or teaching? You choose, but in today's changing market, enthusiasm and creativity are vital. Next move?

[justdimin]

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.

For me it's understandable. Maybe he thinks crypto and other online stuffs are a better way to make profit than those who are outside. Understanding the things that we are going to venture is still needed so that we can be successful at them. We are not making a money yet on this part but it doesn't mean it can be disregarded. Profits can just come and stacked later on.

We shouldn't be like the others who rush because they only end up as a failure. Also, we should avoid hypes. Bull run on the other hand, can sometimes happen earlier than a year or two. I see that the OP already mentioned if what skill he has. I think it's enough for us to give him a help or a recommendation.

[demonica]

For number 1, I think it's more of a work rather than a business idea. So this option means you'll work as a teacher and do crypto as your other source of income. I think this is more realistic and easier to achieve. While you're doing your profession, you can have other source which is crypto where you don't have to spend around 8 hours there to earn an income.

As per number 2, you will start a computer institute? Well I think this will take more of your time compared to teaching since you will handle a lot of things being the owner of this business. Also, starting a business, you need to consider these things. Preparing for a great expenses in building it. Do you have the funds for it? Are you the only one who'll be teaching, or will you hire other people? etc.

But those two have something in common, which is teaching. Just an advice, maybe you can start from teaching in an institution where you can teach two different subjects. Math/science that you mentioned in your first idea, and a computer related subject you mentioned in your second idea. I don't know how teaching works in other country, but in my country, it's possible for teachers in highschool to teach two different subject at the same time. So if it's possible maybe you can try that and then you can do crypto during your free time.

[dothebeats]

I don't see a reason why you can't do both. If you decide to teach then ensure that you will only be teaching one course, that way you'll have time to spare. With the free time you have you can do number 2 as a side job and even do crypto investing at the same time. It's honestly all about time management and improving your skills. If you really want to do it you can always find a way around things to do so. You have to try things first before you can make a definite conclusion on whether or not it will work out for you.

The key point is to make a plan and put it into action, after doing so you'll soon find out what you can adjust and change overall.

[freedomgo]

1. I'm good in maths and science-related courses and have always loved teaching;

Here's some advice you should seriously consider: it's tough to excel in a job you don't have a passion for. It should be all about your passion rather than just the paycheck. But, I get it – you've mentioned that the current salary of teachers in your country doesn't quite cut it. In that case, I'd recommend exploring online teaching. With your passion and teaching expertise, I'm confident you'll find some attractive opportunities on the web.

Since you brought up teacher salaries, would you be willing to share the typical figures for their salaries? Also, it would be helpful to know what you're aiming for in terms of salary. This way, we can get a clearer picture before diving into more specific suggestions.

[Wend]

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

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 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.

In my country, teacher salaries are also low, so many teachers have to make money on the side by doing business, there are also those who sell online and quite a few are now taking advantage of developing technology such as YouTube, Facebook and TikTok. to become a content creator.

This is very different from developed countries where teacher salaries are the second highest after doctors and paramedics. Yes, in my country. The second lowest number is like disrespecting teachers. So this is the fate of the nation's children who do not give birth to intelligent people. The government should set teacher salaries because one of the reasons why great people are born is also because there are teachers who educate and teach. So we hope that in the future teacher performance will be increasingly appreciated. Sorry I vented, I talked like this. Coincidentally, my older brother is a high school teacher, he also earns extra income by giving private lessons and selling online too.

Education is the foundation that helps evaluate whether a country's economy is developed or not, the future of the country depends entirely on education. So it's terrible that many governments still don't see that importance and look down on the education sector. In my country, education is also gradually declining as schools and teachers begin to care more about students' achievements than their actual learning abilities. This is really alarming for the future of the country but it's too bad that the government doesn't see it and it's going downhill day by day.

[tjtonmoy]

The thing about work/job is that there is no freedom and you are bound by rules. So continuing your online journey while doing works for others may become difficult in the long run. Maintaining the time would be difficult. But as you have said teaching is your passion, then I think if you try a little bit harder you may find a way to create your own time space. But if you do something on your own, you get the freedom and you are the boss of yourself. That's the best thing about doing businesses or something on your own.
Online courses are available on the internet and many people choose to learn from that. But something to learn hands on so that they can get the best experience. As you have mentioned that you have competition over there, so building something from the ground up will be tough. But if you can manage to do it you will achieve a great success for sure. My suggestion will be give it a try and see how far you can go. If not far then there's a saying that goes like this. If you can't fight them, join them. I'm sure those places where they teach online stuff they will also hire people as a teacher. You can teach and earn and you won't have to create a space on your own. And if you can do that work for a bit of time and on good amount of money to actually start your own place, I guess that will be a good idea. And when you join them you may learn how they operate and then you will have more idea how to compete against them. This is just a suggestion but if it helps then I'll be happy.

[Queentoshi]

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.

Looking to teach science related subject is good, teaching is a noble profession, but asides the very poor salary for teachers in some countries, the satisfaction some teachers get for still teaching is that they are educating the future generation. There is a better satisfaction that you can get and that is teaching and knowing that by doing so, your knowledge is increasing, and you are creating opportunities for yourself from the increased knowledge that you are getting too. You can get this from teaching Tech, and we know that the knowledge of tech is becoming more important and people who have these knowledge are highly sort after.

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 unique idea will be your competitive advantage, you do not need to be bothered by that. If you cannot get a better place and have to use the place that you already have competition, focus on your business and offer better services.

[red4slash]

I don't see a reason why you can't do both. If you decide to teach then ensure that you will only be teaching one course, that way you'll have time to spare. With the free time you have you can do number 2 as a side job and even do crypto investing at the same time. It's honestly all about time management and improving your skills. If you really want to do it you can always find a way around things to do so. You have to try things first before you can make a definite conclusion on whether or not it will work out for you.

The key point is to make a plan and put it into action, after doing so you'll soon find out what you can adjust and change overall.

Well what you said is very good, why do we have to choose one, when we can do everything simultaneously? It has a lot to do with our intentions and also time management that must be very well organized. Maybe it will be a little tiring, but now if we are defeated by fatigue then we will never be able to progress. Moreover, what OP wants to do is not heavy work that must consume energy, but focuses more on brain performance.
If we are faced with 2 choices, but the 2 choices can be done simultaneously, then the best choice is to do both.

[bitzizzix]

I don't see a reason why you can't do both. If you decide to teach then ensure that you will only be teaching one course, that way you'll have time to spare. With the free time you have you can do number 2 as a side job and even do crypto investing at the same time. It's honestly all about time management and improving your skills. If you really want to do it you can always find a way around things to do so. You have to try things first before you can make a definite conclusion on whether or not it will work out for you.

The key point is to make a plan and put it into action, after doing so you'll soon find out what you can adjust and change overall.

Well what you said is very good, why do we have to choose one, when we can do everything simultaneously? It has a lot to do with our intentions and also time management that must be very well organized. Maybe it will be a little tiring, but now if we are defeated by fatigue then we will never be able to progress. Moreover, what OP wants to do is not heavy work that must consume energy, but focuses more on brain performance.
If we are faced with 2 choices, but the 2 choices can be done simultaneously, then the best choice is to do both.

In my opinion, the job of a teacher is not difficult and does not require energy, and as long as you like it and consider the teacher's job as an unsung hero, then you will not feel tired.
And many teachers nowadays have side jobs because they feel they still have a lot of free time after teaching, and I think it would be best for the OP to do both, just set the time to do the second job. Since there is still time after teaching in the afternoon or evening and both jobs do not require energy, I think both can be done.
And you can still invest in crypto even if you do both, because you still have plenty of free time to open your laptop, computer and cellphone. Since OP is so young, I think she can do all that, and even more.

[Spaceman1000$]

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 first in wanting to go into schooling and at the same time doing a business, is something that you will find a good level of difficulty.
because as a businessman you are always occupied with your business, you always want to check your profit margin your products if they are coming and how well you are selling your products, on the other hand merging it with schooling is very difficult. why did I say so,  schooling will take your time especially when you are studying science related courses, you will have to involve your energy, your time and your intellect. so you will have to do one to leave the other, because combining the two is a task that is too Hercules.

Your second option of starting a computer training lessons for teenagers is something that is what while, even if there are other person's that have similar thing doing within your environment. Don't bother about that, just come with your own uniqueness, since you know what you have to offer.

[kryptqnick]

I love the idea of a teaching career because I understand this one a lot. To make it into a business, you could start your own school and hire other teachers over time, build an online brand over it. I don't mean an official school, with the licensing and tons of kids. I mean more like those English language schools, you know, where some people have group lessons, some have private lessons, but it's all a matter of private additional education rather than a substitute for proper official education. Depending on where you live, you might even simplify this by making your school 100% online, so you don't need to worry about accommodation and can reach more people who live in different cities.
If it's your own business, you can decide how much time and effort you put into it and how much is left for cryptos. And eventually, you can also try making a course on blockchain, perhaps, who knows.

[flyingcarpet]

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 agree with you that teachers' salaries are low. If your profession provides you with a salary, you can try to teach the subject that will benefit you the most in the time you have left. If you have limited time and can't spare time for online education, you can only find out if this is true by experimenting. Maybe when you start doing this job you will learn that you can actually make good use of your time. So if you are interested in this business, I recommend you to start something you love and do it as a side job.

If I understand what you are saying correctly, you are trying to spend the rest of your time teaching something you love, but you are hesitant about time. I think you should choose the one you like the most between these two subjects and start.

[coupable]

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.

If you are truly an education enthusiast and are able to provide educational support for one of the academic levels, then you can certainly succeed in working on both projects simultaneously. This falls within the framework of exploiting skills to diversify sources of income. There are only some differences that you must be aware of before you start choosing, especially those differences between real education (department and students) and online education, because they both have their own characteristics, including advantages and disadvantages.
I worked in teaching for a short time and was surprised by how difficult it was and quickly became convinced that I could not continue doing it. At the same time, I know of many successful examples.

[beerlover]

1. I'm good in maths and science-related courses and have always loved teaching;

Here's some advice you should seriously consider: it's tough to excel in a job you don't have a passion for. It should be all about your passion rather than just the paycheck. But, I get it – you've mentioned that the current salary of teachers in your country doesn't quite cut it. In that case, I'd recommend exploring online teaching. With your passion and teaching expertise, I'm confident you'll find some attractive opportunities on the web.

Since you brought up teacher salaries, would you be willing to share the typical figures for their salaries? Also, it would be helpful to know what you're aiming for in terms of salary. This way, we can get a clearer picture before diving into more specific suggestions.

This is very true, working in a field that you hate will not end up making you richer, it just not possible. I think it is smarter to love what you do because that would make it so that you do not hate your jobs and you do what you want as long as possible.

Just like everyone always says "if you love your job, you do not have to work one day in your life" it is a cliche sentence but it is very true. I love my job, I think I would do this for free, it is very very fun, maybe I wouldn't work this long, but I would still do it no matter what, and that means that I get to have fun while earning money as well. I look at all my friends, and there are only a few of them who likes their job, and they are the rich ones, because they like their job.

[DVlog]

Bottom line: Where's your heart? In tech or teaching? You choose, but in today's changing market, enthusiasm and creativity are vital. Next move?

Exactly, Someone should follow their heart. Everybody has their own interest and this can give them motivation to improve their abilities in that certain sector. Also we should keep in mind that everything is changing very fast. It seems times have become shorter and if we can not catch something earlier then we should consider missing the train. We need to be adaptive as well so that we can suit our abilities in this forever changing world.

[passwordnow]

You can do them at the same time but it's better to initiate with any of those plans first and do it accordingly. Don't think about the competition and just execute any of that plan and let yourself handle it when you're already there. These worries will stop you from executing any of these plans and might just let you stuck to the thinking that you shouldn't do any of it. But if you do really like to teach, there are companies that allow you to do that part-time and while you're establishing that institute, you can do a step-by-step procedure until you establish the other.
At the end of it, this is the main point. You'll never know the result of any of them if you're not going to try it. In teaching, you don't know what's waiting for you and the people that you'll meet might have connections to help you pursue your #2 plan and the same goes for that 2nd plan of yours. You know that there are a lot of mysteries that we can't solve for our personal issues, dreams, and goals if we're too afraid to start one. Let your worries do all the things later and we're natural problem solvers when we're already dealing with it. So, my farewell message to you is to overcome your worry and like the famous quote from Nike, "just do it".