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- Aug 25, 2020
I’m with @Johnny boy . Do both.Would love to hear some feedback on picking between 2 business ideas. They are in an unrelated field.
1 is the safe play: a brick and mortar optometry clinic which would specialise in children's vision (myopia is a huge risk factor for kids these days). I would have to work in the business a lot more as I would be the optometrist (at least for the first 1-2 years), with higher wage and product costs.
2 is a ping pong on demand type of place just like pingpods.com (I am in Australia and we don't have anything like it here yet). I think it's the riskier but potentially more fastlane option as it is more scalable quickly and does not require any staff: so setup and staff costs are quite low.
Both options appear enticing as they help with people's health and also brings a sense of community.
You have the potential to do optometry in your own practice? That’s a hell of a day job, and a solid business.
Start your ping pong thing on the side. Use cash flow from optometry to grow it.
I know several optometrists and none of them are billionaires but all of them are worth at least $1M by my estimates. One of them is only 28 years old and has already bought and sold 7 different real estate properties while he runs his optometry practice (started as the assistant optometrist with his dad since his dad is one and his a practice too).
I always write too much. Both have potential.