passive income

Developers have a unique advantage in building passive income streams through software businesses. In an interview, a developer highlighted the incredible potential of subscription apps to generate passive income. Once you develop a software product that people are willing to subscribe to and it demonstrates good retention rates, you can continue to earn profits without working on it day in and day out. This concept of passive income may seem unusual in the so-called offline world where traditional businesses require constant effort and management....

When it comes to running a business, there are typically two main options: service-based companies and product-based companies. Understanding the differences between these two models is crucial for entrepreneurs, especially for those interested in solopreneurship. In this article, we will explore the distinctions between service and product companies and the benefits each one offers. Service Companies: Freelancers at Work Service companies, also known as freelancers, are individuals or businesses that offer their expertise in a specific field....

Note: This blog post reflects my personal opinion about freelancing and is not a critique of freelancing in general. It focuses on the drawbacks I have observed from my own experience and why I believe freelancing is better suited for starting an independent lifestyle rather than as a long-term career strategy. Having worked as a freelancer and contractor for ten years from 2008 to 2018, I’ve come to understand the nuances that differentiate the two terms....