Why People Seek Stable Incomes While Running a Business: A Glimpse from Malé, Maldives

I live in Malé City, one of the most densely populated cities in the world, nestled on a small islet in the Maldives. As the capital, it attracts people from across the islands who come here in search of better opportunities. I work as a corporate trainer, and one of my techniques to build rapport with participants is to engage in conversations about their personal lives. These conversations are more than icebreakers—they offer a window into the hopes, struggles, and silent sacrifices people make each day. Over the years, I have met many brilliant individuals—talented minds with entrepreneurial energy and potential far beyond the confines of a 9-to-5 job. Yet, many of them hold down full-time employment despite running their own businesses. When asked why, the answers are often similar: “We need a stable income.” Business can be unpredictable, especially in a fragile economy, and the cost of living in Malé is relentlessly high. A stable salary provides a sense of security—a way...