Starting a Company on the Side

Realizing a dream doesn’t happen overnight, it can take a long time to get to that point. Making sacrifices, chasing ideas, and finding ways around obstructions. Like starting a business that you really believe in, it is a lot of late nights, early mornings, and it is very likely to be around your existing job, not to mention family commitments. When it gets to the point where your business can finally take off properly, only then you can start to wind down your current job. Many people would wonder if it is possible to nurture a business properly with so many other commitments. In short, it is. Here’s how to do it.

Know When You Work Best

 

We all have different times of day where our minds peak and trough, so get to know very quickly when you can make the most of your brainpower. Likewise, make the most of the time where your mind is not functioning at its best, can you do the tasks that require not so much thought at these times? There are people who are night owls, and if this when you are best at blogging or being creative, then you need to recognize your patterns fairly early on. This will help you to structure your working days and, more importantly, structure when to sleep! You need to be adequately fueled too, don’t forget this!

There Is More Than One Way To Skin A Cat…

 

So the saying goes. You have many ways to solve a problem, and sometimes it requires a new perspective or just a break from the desk to allow your mind to wander. Raising capital can be a big headache, and while you can go to every bank on your hands and knees, have you thought about crowdfunding? There are many ways to earn money online, from Bitcoin mining, to even doing online surveys. You can find out more about the most lucrative ones here, but where there’s a will, there’s a way! The vast majority of ways to earn money online can be done in your spare time, so if you are really trying to scrape together the pennies making the most of every moment you have, it can be done.

Take Inspiration (But Don’t Steal It!)

People have started businesses long before you had the idea, and people will continue to do so long after you. Some have failed, and some haven’t. 9 out of 10 startup companies fail to get off the ground, so why is this? You need to make sure you don’t fall into the same traps as the failures before you. So do your research, look at business models that are successful but don’t copy and paste the same model just because it is similar to your business idea. The way to get a business ready to trade is to do the legwork before you set off. If you rush into it for the wrong reasons, it will take up a lot more of your time than just a few early mornings and late nights!

 

By Erica Buteau

Change Agent. Daydream Believer. Maker. Creative. Likes love, peace and Jeeping. Dislikes winter, paper cuts and war. She/Her/Hers.

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