Bootstrap: This means you’ll be self-funding your business. While not everyone will have the funds to pay for everything they need to start a startup, bootstrapping means that you retain 100% control over your company. You’ll be using the financial tools you have at your disposal—whether that’s financing your business growth with credit cards, personal loans, traditional business loans or a home equity line of credit. The payoff if you can bootstrap your company to an exit or IPO though, is that you might not ever have to work another day in your life.
Though the niche is surprisingly varied, proofreading jobs generally fall into two broad categories: general proofreading and technical proofreading. The former covers non-technical, relatively unspecialized media like blogs and books. The latter covers transcripts and other technical materials; court reporters, for instance, are seasoned technical proofreaders. Which you choose depends on your innate strengths as a proofreader and what you’re hoping to get out of the job. Technical proofreading is harder to break into but typically pays better; general proofreading is more competitive but easier to launch.
Another way to utilize your talent and business skills is to run corporate workshops online. Businesses are always looking for unique ways to help educate their workforce, and if you can package your talents into a day or half-day long session, you can sell that to companies all over the world to make money online. Start by building a portfolio and then reaching out on LinkedIn to influencers at relevant companies to see if they would be interested in you teaching their team.