Sunday, April 28, 2013

For those of you that have a side business or do freelancing in addition to your day job, is it worth it



For those of you that have a side business or do freelancing in addition to your day job, is it worth it?
My wife and I are in a money crunch and rather than get an extra part time job and work for someone else, I want to start a side business so I can be my own boss and set my own hours. Do you recommend starting a side business? Why or why not? Do you have any tips on starting/running one? Thanks.
Small Business - 2 Answers
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1 :
It is worth it, but very hard. Especially if you have family and kids. But it can be done with lots of sacrifices. The main problem will be finding enough time to do everything -- running a business, getting clients, marketing the business, doing bookkeeping, managing finances -- while doing your full time job, balancing home and personal life. From the article "Balancing Part-Time Business with Full-Time Job" http://www.powerhomebiz.com/vol114/balancing.htm here are some tips: 1. Decide whether you want to be open to your boss that you have a business. Depending on your relationship with your boss, sometimes it can be good or bad. On the positive note, you can show your boss that you are more capable than how he sees you - you have other skills, other talents, and you've got an entrepreneurial spirit. Your boss may see you in a different light, and that can pave the way for promotions and better jobs. On the other hand, the boss may think that you are using company time and resources to do your business. 2. Do not compete for clients. One cardinal rule of balancing full time work with part time business is that you must not compete and steal your day job’s clients (unless you want to be booted off). 3. Schedule and plan your time accordingly. The toughest part of starting a business while working is finding enough time to do both jobs well. 4. Keep your commitments realistic. Assess your schedule and ensure that your commitments to deliver services or products are realistic. 5. Seek the support of your family members. Discuss with your family your plans to continue working at your job full-time while starting a business on the side. 6. Use technology to help you run your business. If you are trying to balance work with business, technology should be your best friend. Make full use of available technology. 7. Take care of yourself. The demands of a full-time job and a part-time business can take its toll on you. Your fatigue and stress levels may hit stratospheric proportions at times, and you better be prepared for this. As to what business you can do, there are hundreds of businesses that you can run from home that would require less than 20 hours per week. I suggest you check out Dan Ramsey's book "101 Best Weekend Businesses," which offers 101 proven businesses that you can operate in your spare time without jeopardizing your full-time job. You can find here some samples of businesses you can do part time http://www.powerhomebiz.com/vol67/weekend.htm
2 :
I have one, it is not exactly easy, but the costs are minimal and am making money. Write me if interested, wasdadd at yahoo



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Posted by Freelance Job at 10:09 AM