6 Tips for Making It Work as a Part-Time Entrepreneur

6 Tips for Making It Work as a Part-Time Entrepreneur

You know you want to start a business, but you can’t shake those financial pressures — rent or a mortgage, a car payment and maybe you have kids. Even young people have responsibilities after all. But tack on the fact your business idea will surely take time to catch on, and starting up can seem even further out of reach.

You are a perfect candidate to become a part-time entrepreneur.

While not ideal for every young trep — jumping head first into the start-up pool can be a preferred route — getting the business up and running before letting go of a regular paycheck may be the best course. Here are six ways to make the transition into entrepreneurship a smooth one:

• 1. Find balance. Of course, this is what being a part-time entrepreneur is all about. Can you start up and maintain your commitment to your full-time responsibilities? If you get caught up in your business to the point that your full-time job suffers, people will notice and it will cost you opportunities and, potentially, the job itself.

• 2. Be patient. As a part-time entrepreneur, you simply can’t move forward with your new business at the same pace as those who can work on theirs full-time. And even full-time entrepreneurs never have enough hours in the day. Find the right pace for you so you can see progress without completely wearing yourself out. Be patient; you may not be moving as fast as you would like, but forward is good.

• 3. Bank your profits. At some point, you will want to walk away from your job and be a full-time entrepreneur. The money you save now will enable you to take that step sooner. If you don’t need it to grow the business, then save it for your future, but be prepared to put it back into your new business as needed.

• 4. Set flexible goals. As you build your business, you may find your day job getting in the way of your entrepreneurial goals. That’s OK. It’s what being a part-time entrepreneur is about. Watch out for a tendency to beat yourself up for spending too much time on your job at the expense of your business. Your energies will need to shift from one to the other as time goes on, and that’s OK.

• 5. Take yourself seriously. While you’re taking baby steps with your business, you and others may discount your plans because your progress is slow. Don’t let timing affect your long-term commitment. Find ways to remind yourself of what you’re working to accomplish. Don’t let others dismiss your goals. Remember that you can make this happen, it will just take longer.

• 6. Have an escape plan, if you want one. Do you want to be a part-time entrepreneur forever? That’s actually alright. Operating as a part-time entrepreneur may not have been your original plan, but if your business can succeed in your off hours and you enjoy your full-time job, why not?

• However, if your entrepreneurial plans include running your dream business full time, you need to define milestones and set goals that include walking away from your day job. What needs to be in place in terms of infrastructure, sales, product development or other criteria before you will be ready to quit?
  
  
  Cheers!
  
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16 Reasons Why It's So Important To Follow Your Dreams

The 16 Reasons Why It It's So Important To Follow Your Dreams

1. The secret of living is giving, if you follow your dreams then you will have something worth sharing with others, hope, inspiration and a meaning to live, and that to me, is a great contribution.

2. Chasing your dreams will develop your courage. Courage is your fuel to achieve amazing success in life, follow your dreams and exercise courage. In sure enough time you will be unstoppable.

3. There is a reason why as kids we loved magic and dreams. Stop chasing your dreams and you will forget how it feels to live hopeful and young.

4. Great dreamers grow to be independent, learning that they can make a difference all by themselves.

5. Dreams can distract you from the negative events in life. You will weigh up what is more important, your dreams or the drama. Drama seems obsolete when you are passionate about following your dreams.

6. It gives you something to share and inspire your kids with, you have led by example that anything is possible when you put your mind to it.

7. Through accomplishing your dreams you will come to appreciate the experience of failure and know that failure is just part of success and that it wasn’t really all that bad as it was all worth it in the end.

8. Regret is a terrible thing, and a dream is powerful enough to bring you regret if you don’t take the chance to at least follow it.

9. Because you are never too old to dream. Age means nothing when we know what we want.

10. You become an interesting person, you show others you have meaning, direction and purpose.

11. The unknown of following your dreams may spark a little fear, this is okay though because a little fear is known to make you feel more alive.

12. It is fun proving the world wrong, so why would you follow the status quo?

13. The more you chase and accomplish your dreams the more the lines of the boundaries that the world puts in front of us fade, as we learn that any and everything is possible.

14. When you accomplish your dream, you are the first to see it happen. You can share your accomplishments with the rest of the world but you where there in the front row on a single chair to experience the magic that unfolded.

15. Your dreams have no limits, you are the creator of your dreams, big or small. When this is understood, you are able to design a way to favour you plan and accomplish your end goal.

16. A dream is strong enough to define you, once accomplished you prove to others they have no say in who you can and can’t be.

Cheers!

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