Tuesday, January 22, 2013

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

1. Find balance. This is what being a part-time entrepreneur is all about. You need to find enough time to start your own business whilst maintaining your commitment to your full-time responsibilities. Spending too much time on your startup venture may cause your full-time job to suffer, which could cause adverse effects such as you miss out on career advancements or potentially lose your job.

2. Be patient.  Being a part-time entrepreneur can be extremely difficult because your business isn’t likely to move forward at the pace you may expect. Often full-time entrepreneurs don’t have enough hours in the day, so don’t be hard on yourself if your business is taking a while to grow. Be patient; you may not be moving as fast as you expected, but remember forward is good.

3. Bank your profits. At some point you will get to the stage where you’re ready to become a full-time entrepreneur. The money you’re able to save now will help you become one step closer to being able to take that next step. Any money you don’t use to grow your business, save it for your future and be prepared to invest it in your business at a later date.

4. Take yourself seriously.