Last time, we discussed the basics of building a small business to augment your retirement fund. To recap, we discussed the requirements for starting a biz: time, capital, research, and balls. I assume that I didn’t have to say that like getting a part-time gig, you’ll also need to put in work into any business venture. Now for this income-boosting episode, we’ll discuss another law of commerce: the Laws of Economics. I know, I know. I’ve been throwing all these important-sounding laws around. Here are the two reasons why learning the laws of Economics are important: you’d need to keep them in mind while you’re choosing the kind of small business you want to go into; and while you’re in the process of pricing your products.
Archive for the Category »Yuppie Guide to Conquering the Universe «
In this episode of the Yuppie Guide, we’ll discuss something that most yuppies consider going into for extra income. There are several ways with which to go about setting up a small business and there are several kinds of small businesses you can try out. That said, we’ll limit each option to 500 words and post it in parts so you don’t have to contend with ginormous walls of text. First things first; what is a small business?
Here’s the first part of the Yuppie Guide, the series where you’ll see your extra income options and weigh them accordingly. By this time, you should know that it takes real work to get from Point A (where you are right now) to Point B (where you want to be, preferably retired by 50) and there is some amount of risk with each option. For the first option we have, there is minimal risk and the only capital you’ll need is time and effort. It’s part-time work, people.
The Yuppie Guide to Conquering the Universe
10
Feb 2010
The title says it all and I know, I know, it’s incredibly ambitious. As yuppies (young underpaid professionals) it takes a certain amount of ambition to get to where you ultimately want to be. I’m sure most of you are wondering what “conquering the universe” means, and we’ll explore that in this series of articles. You see, I’ve interviewed a couple of young NOT-underpaid professionals and I’ve learned a thing or two about their world domination plans.
