First think over this.It’s actually
$120,000/year = $10K(Rs 6,41,100) a month
$10K/month = $2500/week(Rs 1,60,275) (2 weeks off a year)
$2500/week = $500/day(Rs 32,055) (5 days a week)
$500/day = $63/hour(Rs 4,038.93) (40 hour work week)
Some hours might not make money.So,we have to double the figure i.e ($126 an hour or Rs 8078.00 an hour).
With Service You are an employee which doesn’t come cheap,You need to have good enough qualifications for that.Moreover,you don’t have time expertise or a reputable brand name.But You can always sell …Sell any generic product..Something that sells..So,you have to focus on product not service.You can always invent,re-invent or innovate.But remember always if you can invent it ,anyone else can and might have.So,before anything else you need to do a market survey.
And then,you need a good source of finance.One of the best ways to accumulate it is SHARE CAPITAL-selling and trading shares for limited liabilities and for public limited liabilities.One doesn’t have to pay it back although it is considered polite to give out dividends at the end of the fiscal year.
A bit if algebra for you (and you told your math teacher you’d never need it).Some kind- hearted human shared it.
Profit equals Total Revenue minus Total Costs
Total Revenue equals Sales Quantity multiplied by Sales Price.
Total Cost equals Variable Costs per unit multiplied by Sales Quantity plus Fixed Costs plus Tax
Variable Costs per unit equals the price of packaging, raw materials etc. Resources that deplete when more product is made.
Total Variable Costs equals costs to (you) the business that change when (Sales Quantity) output changes.
Fixed costs equal the price of rent, insurance, light, advertising etc. When the cost to (you) the business stays the same regardless of output.
All these comes with a bit of risk also.But I think you should RISK it to take the BISCUIT.Next,do what every millionnaire does.Cut out the middlemen,count your own cash,export to other countries,manipulate the exchange rates and all in all PLAY THE STOCK MARKET.Turn your success story into a blog and earn revenue.