The term 'better' in this case has no universal answer, because it will, eventually, depend on the each individual to choose what works for them.
The major differences, though, are many.
Among others:
*Initial capital: Whereas a traditional business needs very careful planning, considering a foresight into the future, and funds (a lot, in most cases), for SFI, you can just launch in. You don't need to have any money while starting up, and you don't need to keep money aside for the future.
*Dedicated Time: One cannot run a business without dedicating a lot of time to it. Some businesses barely give time for a quick nap. In SFI, you can choose what time of the day that is convenient for you, and the amount of time you want to spend on it.
*Mobility Constraints: While for most traditional business, you have to be physically on location, or always on-the-move, you can do most everything in SFI while seated in front of a PC, laptop or with a smartphone. This is, also, very convenient for people with disabilities.
The list goes on. Bottom-line, the key difference can be summed up thus: Convenience.
less
The term 'better' in this case has no universal answer, because it will, eventually, depend on the each individual to choose what works for them.
The major differences, though, are many.
Among others:
*Initial capital: Whereas a traditional business needs very careful planning, considering a foresight into the future, and funds (a lot, in most cases), for SFI, you can just launch in. You don't need to have any money while starting up, and you don't need to keep money
...
more
