While most people dream of launching a company and becoming their own boss, for many others this ambition seems unattainable, particularly if you find yourself working twelve-hour days or more. Given the weight of personal and familial obligations, is it even conceivable to start a business while working full time? Given the weight of so many obligations, how can one launch a business? It’s really difficult.
The good news is that it is doable.
The “bad” news is that you will have to be somewhat more creative and time and energy wise to reach your career and financial goals—which really isn’t such a bad thing after all since this develops priceless abilities like creative thinking and a growth mindset. Particularly if your company idea will be a possible competitor or if you intend to work on your business during working hours, which is generally discouraged, you should also verify your company’s policy on secondary employment.
Here are some useful tips so that you can still start your business and even consider leaving your job after a while if you feel yourself bound by working for an employer and helping their dream but have little time to dedicate to create your own dream:
1. Begin with baby steps.
Once you have a business idea, you always want to start small. You run the danger of overloading yourself and assuming too much all at once otherwise. Starting small lets you test the waters to determine whether or not such a business idea is fit for you.
Starting small could entail several things, such improving your web presence on Google and ranking highly for your content, or boosting interaction, before choosing to market a good or service. In this sense, you’re delighted since you can observe development while yet not taking too much.
2. Give using the 80/20 Rule top importance.
Spend 20% of your limited time in completing the tasks that will provide the best results—80% of the results—using the 80/20 rule. This is where you have to be single-minded and clear about your objectives since, without this, you will quickly become distracted and your path to launch your company will be an unduly long one. Thus, ask yourself these questions if you only have one hour available for business-related work:
- Right now, what one chore will help me to accomplish that will most affect the expansion of my company?
- To allow more time for high-priority work, what chores can I assign or automate?
- Today, what one action can help me validate my business idea or draw in my first customer?
- Are my priorities activities that immediately help me obtain contracts or clients or increase income?
- Right now, what might be holding me back? How can I overcome these challenges?
- Is this work in line with my long-term objectives or only another diversion?
3. Give these basics top priority
Here are the basics you should be working on and fitting around your evening and weekend schedule if you need help orienting your priorities so you concentrate your limited time on high-value activities only:
- Clearly defining your company idea and objectives for the following three, six, and twelve months
- doing surveys and market research
- Developing a personal or commercial brand
- building, if relevant, a professional website, LinkedIn, and social media presence.
- Learning more about industry trends and upgrading skills
- Developing rapport with prospective clients
- monitoring advancement
- developing ideas, closing deals, and producing the good or service
Here is now the things you should not concentrate on:
- Potential customers who will squander your time asking for free work or in constant delays in decision-making
- perfectionism and obsession with minute details
- Analysis paralysis—too much study without action
- Networking and going to events with people and companies unable to directly support your company objectives
- Following dazzling goods only because they are trendy
Here, the general lesson is obvious: keep absolutely concentrated. Every minute of time is valuable and can either make or destroy your first success when you’re working full-time and managing job obligations with your new company idea. Starting a business while employed full-time: how can one do it? Start small, be strategic, and use everything so you may expand.
