There’s no doubt that starting a part – time business while you’re still working can provide financial security for yourself & family. Not only will you have a fixed source of income, but additional income on top of your current weekly/ monthly salary.
However, while starting your new business on a part – time basis may be great way to get your foot in the door, as you learn and grow in your business, there’re certain considerations that you need to keep in mind.
For instance, it’s probably not a good idea to mix your job with your business. It may be difficult to keep the two apart, but this could cause problems if you start using company’s time to further your interests.
All work that’s done in company time and using the company’s resources will generally belong to the company. Therefore, you should ensure that you choose a business which can be run on part – time basis, if you’re going to keep your current job. Keep in mind that not all business can be run on a part – time basis.
Tips to avoid “conflict of interest”
You shouldn’t talk to other employees about it while you’re at work, as you’re essentially promoting your it in company time. As you continue to work, and your it starts to grow, make sure that you invest that money. It will assist you to move forward, run it on full – time basis.
It’s important that you make that move at the right time. You don’t have to leave your job, if your business starts to gain momentum. On the other hand, you shouldn’t stay in your job just because you’re afraid to make that change.
A part – time business can only grow so far, and then you’ll have to take that leap into becoming a full – time entrepreneur, in case you want it to rise to new heights.
What line of Business you can Pursue?
It depends on what you’re good at. What’s your interest, passion. You need to start on something you’re passionate about. If you like fixing home appliances, look further than that. You can search online for appliances, sign up for affiliate program, and start selling those appliances.
Since you’re passionate about these items, you may be in a better position to advise customers about their quality aspects. In that way customers will find more about inherent problems that come along with it. The list is not exhaustive, you may dig further about the subject
Working on a new business while retaining your current job, means that you won’t have as much time for leisure activities as you used to. However, there’s nothing more rewarding than making a success of your very own business. So start small and then grow it into something phenomenal