It can be a juggling act, but these tips can help keep you in balance.
Have you considered starting an entrepreneurial venture? You would be in good company. Since 2011, the overall number of independent workers has grown more than 15 percent, to 17.7 million, according to a survey from the business services firm MBO Partners. If you aren’t ready to leave your existing job (or salary) at this time, you’ll want to make some carefully considered plans to plot out your future move.
Karla Trotman, owner of BellyButtonBoutique.com, an online business with a global clientele, launched her business while working full time. Here are her tips to help you do the same:
Keep track of your ideas. Trotman suggests you carry a notebook to record your thoughts, ideas and inspirations. As your idea takes shape, you can refer back to the points from your brainstorming sessions. “My notebook became the basis of my business plan,” she says. “I wrote in it during my lunch hour or while waiting for the kids to finish their activities. The notebook lived in my purse and I would pull it out whenever I had to get an idea out of my head and onto paper.”
Leverage your library. “Google is great, but the library is awesome,” Trotman says. Visit a university or community college library, or see if your local system runs a business library. Ask the librarians to direct you to resources to find information pertinent to the business that you’re about to start. “You will want to know who your competition is, what products and services are available but do not have wide spread distribution, what demographic is best to target, etc.,” Trotman says. “Library professionals are trained in the art of utilizing databases that are not available to the masses. Hoovers and Mergent are great resources that you cannot access without a subscription, however many educational institutions and public libraries do provide access.”
To read the rest of Karla’s tips visit 9 Tips for Starting a Business While Working Full Time.
What tips do you have for people starting a business successfully without neglecting their day job?