Daily is not really the frequency at which you should need cash. I have an online business which generates a lot of passive revenue. But I have no idea if it makes cash every day. Pretty sure there are many days with zero sales.
But it reliably generates revenue. That’s the important bit. Needing daily cash is actually likely a sign of poor personal cashflow management. You ought to aim to have a buffer such that you could survive with zero cash for a while.
Now, a recurring revenue stream: it’s great! Highly recommended. But daily is not a good requirement.
And something like a bar has downsides:
* takes personal labour to make money
* High operating costs
* requires presence in a location
* currently, subject to pandemic restrictions
Now bars can be a great business! But for a software developer looking to develop a revenue stream, your best bet is....software. Basically zero cost to start. A bar would be a thing to do if you enjoyed it.
Comments
Daily is not really the frequency at which you should need cash. I have an online business which generates a lot of passive revenue. But I have no idea if it makes cash every day. Pretty sure there are many days with zero sales.
But it reliably generates revenue. That’s the important bit. Needing daily cash is actually likely a sign of poor personal cashflow management. You ought to aim to have a buffer such that you could survive with zero cash for a while.
Now, a recurring revenue stream: it’s great! Highly recommended. But daily is not a good requirement.
And something like a bar has downsides:
* takes personal labour to make money
* High operating costs
* requires presence in a location
* currently, subject to pandemic restrictions
Now bars can be a great business! But for a software developer looking to develop a revenue stream, your best bet is....software. Basically zero cost to start. A bar would be a thing to do if you enjoyed it.