Securing a safe financial future was always the number one priority of any man or woman about to start a family. However, it is hard to deny that achieving this essential prerequisite becomes increasingly hard in this volatile economic environment. And with secure decades-long employment slowly starting to be the relic of the past, founding a family venture remains as the only sensible solution to this problem.
But, where to start and what are the popular options worth your consideration? Let us try to find out.
These are the duties every family inevitably engages in at one point or another. So, why wouldn’t you simply try earning money from them? Putting this obvious advantage aside, starting a child/senior care center does offer a couple of unique benefits. First, you won’t need to rent any new premises – your house can be easily adapted to suit the needs of the calling. Second, your kids will get an opportunity to grow up in a very humane and diverse community and learn much about love, support, and tolerance.
From a purely business standpoint, starting a cleaning service makes a lot of sense – the startup costs are small, and, with the growing number of new apartments and businesses, the demand is constantly on the rise. Things are not any worse when we move to the practical issues. The tasks you are going to perform are easy to learn and require a comparably low skill level. However, if you want to earn more and expand the client base, it is highly advisable to include maid and janitorial services.
Essentially, this job consists of advising families about taxes and college-fund plans, students about selecting a college, employed people about retirement plans, etc. Aside from formal education in some related branch (e.g., economy) and excellent knowledge of contemporary educational institutions and scholarship programs, this duty also requires a highly organized and resourceful person. But, when all is said and done, the job can be performed from home and startup costs are very small (below $10,000).
Real estate investing and management
The real estate market offers a lot of benefits. First and foremost, the assets are tangible and possess real-life value. Second, the market is approachable. Even if you lack experience, you can always look for some advice from a professional real estate consulting firm. Finally, the properties are able to generate passive income which makes them pretty unique in the world of investing. However, keep in mind that investments are expensive and mortgages can affect your family finances for a prolonged period of time.
Photography is a truly beautiful art that offers a lot of potential for monetization. On the other hand, you need to be aware that competition is fierce, and a developing reputation takes some time. However, as long as you are creative and foster your unique artistic voice, you shouldn’t have too many problems popping up on the radar and earning lots of recommendations. As for the requirements, you will need to go through photography school and buy yourself an excellent camera. But, that’s pretty much it.
Online tutoring business
This suggestion is pretty obvious. After all, we are living in an era of digital learning platforms and services. So, if you are adept in some area that lends itself to tutoring (English, math, physics, etc.), you can easily gather your friends from college and start your small local tutoring platform with the potential for global expansion. Or you can aim for diversity and employ professionals with different backgrounds to start your alternative to Skillshare. The possibilities are limitless.
We are living in a world where the need for fresh content has become insatiable – whether for pure enthusiasm or the purposes of content marketing, people publish 4.4 million blog posts every single day. There is more than enough room out there for your small venture as well. So what can you do? Start writing about the things you like. When you feel adept enough, you can advance to full-on content marketing. And once you pass this milestone, you can start providing SEO services.
In its essence, starting a gardening business is not that different from the cleaning services we have mentioned above – mostly in the sense that startup costs are relatively low. This time, though, you will need to invest much more time into learning about the nuances of the craft, plant life, and exterior design. However, professional landscaping services are sought-out and well paid. If you enjoy working outside, you can hardly find a better match than this.
We hope these few ideas gave you some clue in which direction you can push your career to secure a safe financial outlook for your family. Or that we’ve at least sparked a couple of ideas of your own. In any of these cases, the most important thing is to remember that your family’s future is the safest when it’s in your own hands.