Tuesday, August 19, 2008

How to Work a Job Plus Develop Your Own Business

Developing your own business while working a job full-time can be challenging, but long-term it can bring you greater income and financial stability. In this article, I want to share general steps you can take to make the process easier. I hope this will help you regardless to whether you plan to do a part-time business long-term on what to develop a business into a new career.

1) The first thing you need to do to make working a job and developing a business work long-term is to put some thought into why you want to do it.

You need goals for your life that will make you stay persistent even when things gets hard. Take some time on this step. If you make the decision to do this purely on impulse, you'll find staying motivated a lot harder.

2) Especially if you're working 40+ hours at your job, start working on the business a few hours a week and work your way up until it begins to feel like the right amount of a challenge for you.

It takes awhile, but eventually you'll be able to balance your time. It also helps with your overall mental and physical energy that you pick a business that you enjoy doing. I've found that most people actually have a better attitude and get more done in both their jobs and businesses if they're having fun during the process.

3) It may take several months to several years, but I've known many people whose part-time businesses eventually equaled or surpassed their job income.

If you're willing to put in the work and be patient, you really can develop your dream career.

More Tips:

  • Focus on moving forward on a daily basis. This will keep you from procrastinating. Even little steps matter to the big picture years from now.
  • Internet businesses are a good thing to look into for this situation due to the fact you can be making money online while you're busy making an income from your job as well. They also have lower overhead costs.
  • Read and study business books on a regular basis--they will give you ideas and keep you motivated.
  • Don't forget to talk to your accountant--there may be tax advantages you can take advantage of according to your business.
  • Probably the biggest problems you're going to run into is not getting enough sleep and feeling like you don't have enough time to do everything. Be careful when it comes to your overall health (pushing yourself until you burn out is not going to help you long-term), and realize that this is more of a lifestyle change than a single event you're trying to reach.
  • Be careful about talking about your business at your job too much. In some situations, employers don't like it and will honestly try to run you off if they believe your focus is divided.

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