If you are employed, it doesn’t matter how hard or long you work. You are still limited in what you can earn. It doesn’t matter what your hourly rate is either. You cannot earn more than $rate x hours worked. Most small businesses in the 3D world are little better than being employed. Most small business owners work in their businesses and not on them. When I ran my business, I was always trying to figure out how to turn that on its head. I knew my income was limited by the hours I could work, and I didn’t like that. Ultimately, I realised that the type of business I was in did not lend itself to the model I wanted. That was one of the reasons that I closed it down. I was looking for a passive or at least semi-passive income. I made a mistake in shutting it down. It generated a decent income, and I should have been pumping some of that into income-earning assets. We all make mistakes. Financial ones are the least important because you can always make more money. The point of this email is that I was running a service business. I maintained and repaired office equipment, and I was good at it. I possibly could have leveraged that into digital services for the local business community, but I didn’t think of it at the time. When you have a service that others want and are happy to pay for, adding additional services for the same customers is not difficult. All you have to do is start. This will get you going. https://www.clkmg.com/Burtm10/easy. Yes, it is still being paid for what you do, but having an extra income will allow you greater flexibility and more choices. You could use some to outsource the work, semi-passive income. You could use some to invest in other income-earning assets, passive income. Firstly, you’ll need extra income over and above your expenses. Regards, |