Day 6 - Redefining my acting business

Redefining my acting business to included teaching and similar sources. In some ways this makes the most sense, I am after all a film and TV actor and with a nice number of credits ans experience. I have taught acting workshops at theaters, schools and colleges, as well as created the curriculum in some cases. I have put a night class together for the local community collage and not only did we get enough students there seems room for expansion. The hourly rate is attractive for the job market here and there is a possibility that this might be placed as my second job in a two job plus wealth method scenario. I think strongly that this course and perhaps additional courses (and some gigs if I can get them) will play some role in the wealth plan, but it may or may not be the main player to wealth so to speak. I would have to get a school started, get others to teach and take a percentage for costs and passives income if I was going to truly rely on this idea for passive income and wealth.

Redefining my acting business to included teaching and similar sources.

Pros
1. I already know what I am doing in a sense.
2. Hourly rates are good when I work for both teaching and acting.
3. If I can get a good recurring role for a season on TV show I will have sourced a nice capital start up.
4. I enjoy acting ( in Film, TV and Theater) and teaching much more then most other jobs I have done (I have ton a ton of different jobs, its an actors dilemma because no one wants you to leave work for a week to work as an actor. So often we quit and when the gig is over we need to find new work again, oh the glamor.)



Cons
1. Teaching requires me work as a subcontractor, building a business and to source students but then I am given an hourly wage which though decent creates a cap to what I can make, but if I remove myself from the college, I lose the place and the power to attract students from the college's advertising and brand.
2. Not sure there is enough of a market of students locally to make enough. (Though the idea of an e-book for acting is also possible, it has been done but not by me.)
3. Insanely hard get a nice recurring role for a season (and out here a lot of years there isn't even any episodic shoots) to sourced a nice capital start up
4. In as much as I did pretty good in Vancouver as an actor money wise. I never got rich from it and I am now in a way smaller market.
5. I love it but theater doesn't pay enough to support any ones family except maybe in New York City and only if you can sing, dance, act and are flexible.