subject: Starting a Business While Employed is a Smart Strategy [print this page] Starting a Business While Employed is a Smart Strategy
When I resigned from my previous job years ago, I had no idea what I would do next. All I knew was that I was ending the feeling of stress I had on a daily basis. I would walk into the building and get a sinking feeling in my stomach. How much longer would I put up with the tight deadlines, the pressure to get multiple projects done at the same time, the long commutes to and from work? Eventually, I turned in my resignation and after a 3-week notice, I was on my own.
It felt liberating! I had no clue what was in store for me but simply knowing that I didn't have to go back to all of the unhealthy stress was enough for me. Fortunately, I transitioned into freelance work but over time, I realized that I had only traded one job for another. This time I was doing everything myself to include managing projects, getting new clients, collecting payments, etc. I don't recommend anyone quit their job without having something to fall back on first.
Start A Business While You're Employed
Although you may currently dislike your job, you have an advantage of starting a business in your off hours and being able to build it up so that you can eventually kiss your job goodbye. The first objective is to figure out what type of business to start. One thing I recommend is to find something that you have a great interest in. This way, running your business won't feel so much like work once you come home from your day job.
Second, look into various business opportunities before committing. There are franchising options, direct selling (network marketing), affiliate sales, and more. Consider the pros and cons. For example, if you don't have cash to start a business from scratch, then a network marketing opportunity may suit you. You get an instant product line, the initial investment is typically very low, plus you get to build long term residual income as you grow your own network.
Don't jump into opportunities that sound too good to be true because chances are they are. Ask a lot of questions and talk to professionals like an accountant or lawyer to help with the details. Escaping the 9 to 5 isn't impossible. Create a plan, follow through, and stay in your current job until you can transition to being your own boss.
Would you like to find out what business opportunity I took advantage of that has helped me begin earning a residual income with just part-time effort?
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