I’ve got this suspicion that the people with the largest wealth to work ratio are solopreneurs with small businesses turning over £200k (adjusted for local economy) per year and who live outside of major cities

Those doing high-paying day jobs and living in cities get stung by taxes and high-living costs as well as taking on heavy workloads

Founders with scaled up startups also have additional stresses and expenses with running more complex companies that require more staffing etc.

Small niche bootstrapped businesses can benefit from lower operating costs and higher pricing, whilst operating from anywhere allowing founders to move away from city centres

The result is lifestyle businesses that can work around family life and not the other way round. #NoCode is great for this and a big part of the reason I advocate for it so much

Here are some examples of businesses that can turnover 200k in profit without necessarily requiring long work hours

*disclaimer: I don’t know the revenue of any of these examples. They’re just examples of each type of business which could achieve these levels:

Newsletter with large audience with paid ads

Blog or newsletter with paid membership e.g. @lennysan’s newsletter

Paid communities e.g. WIP by @marckohlbrugge

Unpaid communities with advertising partners or sponsors

Podcasts with ads

Micro-SaaS run by 1 or 2 people e.g. Carrd by @ajlkn

High quality niche resources sold via subscription e.g. Trends by @DruRly

Niche ebooks/resources sold at high-value one-off prices

Job boards for a niche audience with higher priced job listings e.g. RemoteOK by @levelsio