5 BUSINESS TIPS FOR STARTING A BUSINESS WHILE WORKING FULL TIME

5 BUSINESS TIPS FOR STARTING A BUSINESS WHILE WORKING FULL TIME

      Are you a civil servant? Or perhaps you are an employee of an organisation and desire to own your personal business one day? But you cannot afford to quit your paid job due to uncertainties that comes with running a business.This also couple with the burden of supporting family, monthly financial obligations and other obligations that are inevitable for you. All these have left you with no option but to keep your job despite your desire to own your business.

     Does the situations pictured above best described you? If yes, then you are in the right place.To explain better, do you know that some of the world's top successful businesses today started from the backyard of some people.In this post,am going to reveal to you 5 business tips for starting a business while working full time.

     You should know that starting a side business as a full time employee is a step in the right direction that can help you with financial freedom, fetch additional income, and live a fulfilled life. However, it comes with its huge discipline,sacrifice and unwavering determination.Before i move on, it is pertinent i tell you that running a part time business requires the exact amount of energy, commitment, and passion that a full time business require.In other words, it doesn't really matter whether your business is part time or full time, what really matters is what you intend to achieve doing the business. Here are business tips to starting an part time business:

1.PLAN YOUR WAY TO SUCCESS

     When it comes to planning it doesn't matter whether your business is part time or full time. The planning process are all the same. Put differently,the fact that you want to run a part time does not means you shouldn't plan.In fact,empirical evidences had showned that part time business requires more detailed and clear cut business plan due to the limited resources(time, money) that is available.In addition,it is not until you hire a business expert to write a business plan for you before you can have one.In fact you don't have to wait.All you need is the right mindset to focus and stick to your plan, and also a simple workable business plan that state explicitly set goals and how to achieve those goals. Next time you have trouble planning, follow these 5 workable steps:

• Identify your available resources.
• Conduct Environmental/market survey
• Develop goals and objectives
• Develop Workable Plans/Action Plan
• Evaluate Your Performance

2.Stick To Your Schedule

     Running a part time business calls for deliberate intention to be time conscious. For you to successfully run a side business as a full time employee, you do not only have to have a schedule, but also stick to it.You can start this by having a fixed time when you will start work and when you will be closing. If you can stick to this time,before you know it will become a daily routine that you can no longer do without. One thing about human is that as they live performing the same activity on a daily basis, it will get to a point when this activity will become a routine they cannot do without. For instance, brushing of teeth on a daily basis.The more disciplined you are with time,the greater your chance of succeeding in balancing your two jobs.

3.TAKE ADVANTAGE OF BREAKS AND HOLIDAYS

     Breaks and holidays to a serious minded part time entrepreneur is a great opportunity that cannot be overlooked.Part time entrepreneurs should see holidays as the best time to recover time lost while working full time.Holiday should be seen as the time to grow business,time to expand business,and time to acquire more skills and training.

4.HIRE SOMEONE WHEN NECESSARY

      At the starting phase of your business,it might not be necessary to hire a permanent staff especially if you operate on a shoestring budget.However,hiring someone becomes necessary when your business start to grow and the need for expansion arise.Hiring someone also come in handy when you experience increase sales such that you can no longer handle it.However it is advised that you should only hire base on integrity,competence and credentials.In a different perspective,hiring someone is also a way of relieving yourself of too much work that are less important so as to focus more on pressing issues that directly affect your business.Better put,you can call it delegation of duties.

5.START AN ONLINE BUSINESS

     Online business is perhaps the best business opportunity available for a full time employee.And why did i say this?As an aspiring part time entrepreneur,your greatest weakness is your time.But you know what,you can turn it to your greatest strength provided you know the exact step to take.Venturing into an online business is one of the best business you can get a try given it low risk,low capital peculiarities among other business.However,online business is not all about bed of roses. It has it own attending disadvantages among them are cyber fraud,lack of generally accepted standard of operation etc.

     On a final note,combining a side business with your paid job is a tedious task,but if you can stick to these aforementioned workable business tips,you can be sure of better result and seeing your dream coming to reality.

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