How to Start a Part Time Business While Keeping Your Day Job

When starting a business, perhaps the biggest consideration is how to support oneself, family and other responsibilities while working toward consistency and reliability of income from the new venture. This can be a tedious and scary time for anyone starting out as self-employed. Possibly the best approach is to maintain a regular, even full time, work schedule as an employee while starting the new business on the side. This is the approach most entrepreneurs take toward launch of their own companies.

It is actually quite feasible to start a business while maintaining a full time job. It is never easy, but it is possible. You may find yourself socializing a bit less or pursuing hobbies and other personal activities less frequently than before starting your business. But eventually, through tenacity and hard work, you will not regret the decision to maintain your secure job while striking out on your own. Doing so can afford your company the ability to grow naturally and without intense financial pressure. Once your company proves itself financially supportive, you can then leave your day job in confidence that survival and growth will continue.

Perhaps the biggest talents you will use or need to acquire immediately in order to juggle both a full time job and startup are organization and efficiency. If you stay organized and apply focus, efficiency will naturally follow. You want to use your time well and not overextend yourself to a point of physical exhaustion or poor health.

Always remember that your job is important toward survival, so you do not become embittered by the professional tug of war between your roles as employee and entrepreneur. You are keeping the job in order to financially provide for the business startup, to keep yourself secure and to maintain a certain quality of life which would be sacrificed without the present paycheck. Do not resent the job. Be thankful for it.

Manage your time effectively. As your regular, full time job will likely require eight to ten hours per day of your time, you are not automatically left with 14 to 16 hours in which to work on your new business. You must make time for adequate sleep and self-care. By sacrificing your well being in long, over-extended work days, you are not delivering quality work for either your business or your boss. Both will suffer. Make enough time for sleep and accept quality of progress, not quantity of hours spent working each day.

While saying that you must take time for yourself makes it appear your business will start very slowly, consider the math of your weekly schedule. If you work 40 hours per week for your day job, then sleep eight hours every night, that still leaves 72 hours to dedicate to your new business each week.

If you started the business without keeping your day job, in reality you likely would still work between 40 and 60 hours per week for the business. So, even with keeping the day job and the entrepreneurial effort at the same time, you can still work more hours on the business than you might if you had quit the day job. You will likely just be watching television less and maybe cutting back on hobbies, while starting your business and maintaining an employment schedule. Managing time well and being efficient with that time is the key to your success.

Find yourself dragging to work each day, wishing you could just jump into self-employment? Use having your day job to motivate you toward independence gained from successful development of your business. Entrepreneurs are generally goal oriented people. Driven by desire, people who start their own businesses tend to work harder and with more dedication when they see possibility. As you work on your new venture, use self-employment as the dangling carrot to pursue, knowing that when the new company is strong enough and you have put in enough work, you will be able to quit the day job. Chase that carrot and chase your future through organized and efficient application of focus.

Finally, know when to ask for help. If you are working full time and need work done for the business, consider paying someone else on a per-project or as needed basis. You may find that using service providers, contract help or other means of outsourcing can drive your business forward when you are not able to do the work, yourself. This continued activity for your new company will keep things moving forward and help the business grow without you having to quit your steady job. The last thing one should do is quit a steady income in order to service a short term account for the new business. It may be that such client business is intermittent for your new company for awhile, so if you do not maintain the day job until business is reliable and steady, you may find yourself in a world of regret. Get someone else to do the short term projects or low pay roles and grow your business with intelligence.

Keeping a day job when you are ready to burst forward into self-employment may feel humbling and like a hassle, at first. Soon though, you will realize that it is not so hard to juggle a startup with a full time job. Having steady income is the most important factor and provides peace of mind and clarity in building your business that constant panic and scrambling for income would sacrifice. By keeping your daytime position, you are being smart and steady in development of your future as a self-employed business owner.

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