THERE are many advantages in starting a part-time online business while you’re still employed. Some of which were tackled in the first post (Why You Should Have A Part-Time Online Business Aside From Your Day Job Part 1). Here are more reasons why.
First, you will still be getting a steady paycheck, month after month. This ensures that you won’t starve and that you are still able to pay the rent while you look for customers for your new part-time business. You really can’t expect your new business to profit immediately so it’s a good thing to have a different source of income for the time being.
Keeping your day job also gives you more time to hone your business. Since you are not exactly in a hurry to earn gazillions of dollars to pay the bills, you don’t have to rush into selling a product or service that isn’t ready for the market yet. You can also develop better marketing and sales strategies.
Another reason why people are hesitant to run an online business while currently employed is the mistaken perception that they won’t have a life. On the contrary, if you manage your time well, you should be able to have even more fun because as soon as your online business kicks in, you’ll have more income. If your online business becomes more demanding, you can always consider hiring someone and delegating.
There is, however, something you need to consider before you start your own business. You should review your employment contract and scrutinize it closely, particularly if your online business competes directly against your current employer. Should this be the case, it might be more advisable to not embark on your online business until you have resigned from your current job.
Also, don’t talk about it to your coworkers. Some employers aren’t comfortable with employees with part-time businesses because they feel it takes time away from work and makes them less productive. They may also suspect that you are using company time and resources.
Starting your part-time online business has its pros and cons. But if you are careful enough and don’t step on anyone’s toes, it is always a good option to have a business you can call your own—even if you are still presently employed.
Why You Should Have A Part-Time Online Business Aside From Your Day Job Part 1
7 Ways To Protect Your Small Business From Recession
6 Money Saving Tips for the Small Business Owner
6 Tips to Survive Running a Part-Time Business
Top 3 Reasons Why You Should Consider Doing Your Business Part-Time
5 Questions You Should Ask Yourself When Evaluating a New Business Idea
5 Great Ways to Brainstorm for New Business Ideas