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Do you want to manage a company, or do you simply want financial freedom? If it’s the latter there are easier ways. Real estate and index fund investing. Google FIRE.
$20K/month = $11.5 million in a total market index fund. I guess that could give you a benchmark - figure out how to create over $10 million in value for other people.
Earlier quoted context omitted.
$20K/month = $11.5 million in a total market index fund. I guess that could give you a benchmark - figure out how to create over $10 million in value for other people.
Off the topic, curious how you calculated valuation using monthly income?
[1] https://www.investopedia.com/articles/markets/071616/history...
You could buy an existing business https://feinternational.com/buy-a-website/ . Of course, you would need $600K-$800K, but you'd have a profitable business right away and it might be easier to grow faster than when starting from scratch. Another route could be freelancing. By doing this you would get paid and you might meet clients for a future product. You might also get ideas for a future product by observing the p…
Start listening to StartUpsForTheRestOfUs.com the archives.
Rob and Mike have lots of great advice.
Also check out tinyseed it's by Rob from SUftRoU.
I'm 40+ and working the first SaaS app of my own. It's doable.
Good luck, enjoy the journey.
Let’s assume you want to reduce risk of capital investment and also risk of operations so we’ll rule out physical products.
That leaves us with digital products and services.
You need a business that you can sell to 20,000 people at $1 each, to 1,000 people at $20 each, 20 people at $1,000 each or 1 company at $20,000.
If you are going for the cheap value you have to mass market it somehow. Either by generating massive quality content or spending money in ads. 6 months is enough to generate leads to provide that A big enough following if you put effort into it.
If you want to go to the top bracket you will probably be in the B2B market. Since 20k is not pocket change you’ll most likely be playing the procurement game and each sale on this game can take anywhere from 3 to 12 months.
Pick your poison and good luck!