Feedback Form
Home Features Mastermind Forums About Advertise Blog Network Contact Be An Author

Getting Your Feet Wet: Entrepreneurship On A Part Time Basis

Getting Your Feet Wet: Entrepreneurship On A Part Time Basis

One of the great hazards of running a home based small business are the benefits you get from full time work for a conventional employer.  Why are they a hazard?  Because they'll convince you that your business needs to replace the money and benefits you'd make now with what it can pull in.  This is a hazard, because it keeps more potential small business owners from starting their business at all.

The key is to balance the two and make a staged transition.  You can work full time at your existing job, and take on some part time work for a home based small business of your own as well.  This has several advantages.

First, you're not giving up the steady paycheck of the day job, nor are you giving up the automatic tax payments that come with it. Several professional writers and novelists keep a part time job working in retail exactly for these benefits - the retail job will cover their bare bones minimal financial needs and will, by minimizing the number of deductions taken out, generally cover the money they make from writing novels for reporting to the IRS.

Similarly, working part time on your own business lets you learn the ropes in small steps; you can find out who your preferred clients are, what kind of work you enjoy doing in this field, and work out if the business will ever cover your expenses entirely.  Most small businesses are quite functional as part time endeavors, and the extra income is often used for things like paying off credit card debts, or paying off a mortgage a bit more quickly.

If you do decide that you can take your part time business full time, use the last year or so of part time work building up a 'nest egg' before going full time.  Use it to pay off personal debts, or business related debts.  Focus on paying down debts that will look 'bad' if you're going to apply for a Small Business Administration starter loan.

When trying to run a part time small business, you may also find some support in unusual places; many companies will encourage employees to start up small, non-competing businesses.  This tends to make for better employees as well, since they understand the full ramifications of running a business and all that entails. 

You may also be able to get some flexibility in your work schedule, such as working four ten hour workdays to have a weekday free to talk to your own clients.  (Even better, many jobs will let you work Sunday through Wednesday on that sort of schedule, giving you two weekdays free to concentrate on your business.)

Regardless of how you start the path of owning your own home based small business, understand that by working part time, you can take it in stages, and let your business grow at the pace that best suits it and your family.





Getting Your Feet Wet Entrepreneurship On A Part Time Basis - To learn more about this author, visit Chris Simpson's Website.

Like this article? Share it with your friends

Article Feedback
 Article Feedback No article feedback found.
  Leave Your Feedback
article feedback

Article Feedback
John Power
John Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website


To learn more about the Evan Elite Author Program please contact us.

About The Author


Chris Simpson
(Visit Chris's Website) Chris Simpson is dedicated to helping people find honest and legitimate wo rk at home and home based business opportunities. Find le gitimate work at home jobs, home business opportunities, articles, and resources to help you successfully wo rk from home and make money online today at: www.HomeNetPro.com

Chris Simpson is a Platinum author on EvanCarmichael.com
About The Author

View Author Blog
View Author Blog

View Author Video
View Author Video

Free Downloads


Chris Simpson's

Complete
List Of
Home-Based-Business
Articles

Name
Email
If you enjoyed this article, get Chris Simpson's Complete List of Home-Based-Business Articles For FREE!

More Chris Simpson
Support Your Down Line In Return For Their Loyalty
Checklist for Home Based Business StartUp
How To Convince Your Boss Telecommuting Is A Good Idea
Four Great Advantages To Working at Home
What Not to Do When Working From Home
How To Market Your MLM Opportunity Online
5 Must Haves For A Home Office
Work from Home Data Entry Jobs What Are They
Home Based Business Ideas For Retirees
Setting Goals Help Home Business Owners Become Successful
Free Downloads


 
 
 


Evan Elite Authors
Leanne Hoagland-Smith  
Jay Kubassek  
Joe Dager  
Evan Elite Authors

Become An Author
Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details.
Become An Author

Evan's Latest Video
Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media
Evan's Latest Video

Business Opportunities
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"

How to Start An Online Business

Click Here To Learn More
Business Opportunities



Evan's Newsletter
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
Name:
Email:
Evan`s Newsletter

Free Downloads
Make Attitude Your Ally Icon Make Attitude Your Ally
Benefit From Analytics Icon Benefit From Analytics
Write Marketing Plan Icon Write Marketing Plan
7 Strategies to Take Action Icon 7 Strategies to Take Action
Get 'em Good or Get 'em Gone! Icon Get 'em Good or Get 'em Gone!
Free Downloads - Complete List

Entrepreneur Tools and Guides
Top 50 Debt Blogs
Top 50 Debt Blogs
Learn To Get Out Of Debt
 
Top 50 Franchising Blogs
Top 50 Franchising Blogs
Top 50 Franchising Blogs
 
Entrepreneur Tools and Guides

SEO For Africa
SEO For Africa
Komla Agbozomevi Adidogomé, Togo,
Komla Agbozomevi
Adidogomé, Togo
SEO For Africa

If I Were A Startup...
Jonathan Voigt, $214k to $507k in 2 years
Jonathan Voigt
$214k to $507k in 2 years
Lisa Shepherd, $335k to $1.1 Mil in 2 years
Lisa Shepherd
$335k to $1.1 Mil in 2 years
If I Were A Startup... - Complete List

Famous Entrepreneurs
Harland Sanders, KFC
Hugh Hefner, Playboy
Hugh Hefner
Playboy
Famous Entrepreneurs - Complete List

Entrepreneur Advice
Guy Kawasaki, The Art of the Start
Guy Kawasaki
The Art of the Start
Jack Canfield, Chicken Soup
Jack Canfield
Chicken Soup
Entrepreneur Advice - Complete List

Popular Articles
(Premium Authors)

     Strategic Thinking Tactics - Time To Be A Visionary Leader
By Martin Haworth
     Moving from a Chiefs and Indians Management Style
By Martin Haworth
     10 Steps When You Need Help in Your Business
By Martin Haworth

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

More Evan Carmichael
More Information