Want To Start Your Own Business Now? You Don't Need To Quit Your Day Job!
By Adam Gleason | Submitted On May 04, 2011
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Expert Author Adam Gleason
Thinking about how to start your own business, but uneasy about leaving your current job too soon? You can do both jobs, if you have a good head on your shoulders!
Don't think that you can start your own business now only if you leave your day job. You don't have to leave
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Be prepared to face the challenge of basically working two full-time jobs. Doing both will take your full energy, focus, and will need tremendous organizational skills. But it is definitely doable. Here is how to start your own business, while keeping your day job:
First, you must be willing to sacrifice most of your leisure time. Commit to the extra time that you will need to set up your new business and to get it off the ground. And by communicating this requirement to the people in your life, you will gain their understanding and permission to be a bit absent from their lives as well. Setting realistic expectations for your time can take a lot of pressure off you during this critical phase as you start your own business now.
Second, you will need to give yourself a target date for leaving your current job. You won't be able to burn the candle at both ends forever. And, you don't want to always think of your new business as a side business, or your day job as one, as you are bound to get fired for lack of focus. Setting a target date will also help you set a goal for beginning the second phase of your business, when you won't have to balance it with the demands of the old
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Evaluate your current expenses and needs, and be prepared to cut back so that you can support your business without sacrificing too much. This is when you can work on establishing a target date for leaving your day job. Make the commitment to sacrifice some of the luxuries that you and your family have called necessities for such a long time. Do you really need that timeshare? Can you live without premium cable channels for a while? Can you cut out expensive restaurant dining and order takeout instead? What about future expenses associated with your business? Will you need to invest in new technology or office space? These are the things you should
This chapter presents 2 case studies of female entrepreneurs who have worked assiduously to make their mark in their niches. Pay attention to the lessons from each story. Keep them in your thoughts as you begin to frame what you want your business to look
The restaurant business is a challenging industry and if a company has a strategy that works for them as well as their employees, it should stay the course and tweak as needed.
Many entrepreneurs are drawn to open their business because of a defining moment or series of events that changed everything in their lives. Because of that moment, some of us dropped everything and decided to dedicate the rest of our professional lives to doing what we now do. What I'd like to talk to you today is about not underestimating that. You can actually use your story to attract ideal clients.
Starting and building a prosperous business is an ambition of many entrepreneurial minds and has for
As industry liaison at the School of EEE at NTU, I facilitate industry partnerships and promote entrepreneurship within the school. In the coming months, we will be launching an entrepreneurship ...
Over the last eight years I have watched my Aunt and Grandfather start a completely new hospice. My aunt is the main boss of the business, my grandfather just put in money so that she was able to actually start the business. Over those last eight years she has had some of the roughest times in her life. Being a single mother is hard enough, but then to start a business from scratch made it much more difficult to not only raise a family by herself. My aunt has had many problems in the last eight years and her business is now getting to the point of choosing what she does. I see some teenagers saying they want to own a business when they get older, but they only think of the money they can earn, the people they can tell what to do, and the fact that they can work when they want to work and no one can tell them otherwise. My aunt has put in more work to her business in the last eight years than I have done homework assignments in my school career. When one owns a business, they must work constantly because there is always something that needs to be done. Whether there is a problem to sort out, bills to pay, or numbers and accounting paperwork to figure out, there is always something that they must do. I can remember staying the night at her house staying up late and playing video games while right down the hall she was in the office still working on paperwork at one and two in the morning.
As I am turning and reading pages more and more, I realize that this magazine is not meant to show issues, techniques, pros and cons of starting up a business but it is more like infomercials showing the top returns one can reap from his investments. The magazine forces me to realize that I am missing a essential experience in my life by not starting up the business. The magazine displays beautiful color and picture schemes. The magazine also highlights few of the success stories of the entrepreneurs. Overall this magazine makes business as a seamless transition of normal day today activity to a profit generating machine, ...
...ded once they see that the sales will be increasing and tips will be larger. Good staff will increase good public relations which will result in better business. Marketing a restaurant is the most important part in running a restaurant. If a restaurant is not marketed, no one will know about the restaurant causing it to lose money to operate forcing it to close down. Prices on the menu should always be appealing to the restaurant target market and set towards the products on the menu. It is essential that a restaurant develops its staff to the fullest, for a strong staff creates better sales and the public is pleased .
If the business is successful there should be a plan for expansion. Once the business model is proven there is an opportunity to get bigger. Merchandising could present another stream of income. Merchandising also adds to advertising. The more unique the food truck the more people will be likely to promote your business with merchandising. The addition of more food trucks or carts, as well as a brick and mortar store should periodically be looked at.
The field of young entrepreneurs looking to create their own success in the business world is rife with digital and app based start-ups. In fact, if you were to sit down 100 business students and asked them what their big business idea was, odds are plenty of them would take the form of a digitally based product. There is no doubt that success can be found in such realm, history tells us that, but many young entrepreneurs are finding that there is still plenty of life in so-called ‘traditional sectors’.
Starting your own business can be exciting and it can become a well- rewarded experience. Being your own business includes great benefits, create your
I am interested in knowing more about starting and operating my own business. With what I have seen in the developing world around me, business has become more and more popular, I realized it is a great potential career path for me. So I would like to know, where to start, what schooling is needed, where do I make my business legal, how important is the work environment and gathering employees. Or is some of that afterthought stuff, that only matters if i...
There is a larger number and types of entrants in the market Fine Dining Restaurants-Casual Dining Restaurants-Quick- Service Restaurants. Landscape of primary location is also a threat; there is a lack of customer parking which could possibly result in lower numbers of customers. Climate may also affect the businesses in general, low peak season and bad weather can cause problems for the business market if bad weather is expected, customers are more reluctant to go outside if not necessary. Potential entrants and encroaching concepts are also a concern due to factors such as low consumer switching and brand not being well known. Cost is also a threat although the primary target market is higher-wage earners consumers with less income will not frequent Rooms for Dessert they will seek substitute
I was always taught that if I ever want to own my own business that I needed to be dedicated to my business, skills I have that will help yours truly and love doing. I have thought about what business I want to start for a long time then it came to myself. I want to create a business that I can expand so it can grow into my vision. “See things in the present, even if they are in the future.” Said by Larry Ellison, Oracle co-founder. I continue planning details ahead so that I know where I’m going to proceed. My business will be a limit liability company called “True Love.”
Majalah Niaga(2013); Super Entrepreneur Tip: Do not Ever Stop Trying- edition 26; available from [magazine] pp 30-32. Retrieved on 7 March 2014