Can I start a business on the side and still be successful?
I have a good job, but also have had an idea that I want to pursue. I have been doing some planning on the side and thinking about trying to launch the new business but don't want to leave my day job. Is it possible to build a successful business on a part-time basis?
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Dec 11, 2015
Yes, you can.
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Dec 3, 2015
I started my business while having a full time job. It took time to systemize it so I could handle all the details, however starting part time is solid way to begin. Enjoy the growth even if slow to succeed. Enjoy the journey. That business I started part time did millions and I was selected as Entrepreneur of the Year. So, yes you can succeed.
Dec 3, 2015
Dec 3, 2015
NO. Not at all. Business is not joke or charity funding . Only yu can be an adviser for any products as part timer or any ecommerce business you can do along with your live job. Thanks
Dec 3, 2015
Depends what kind of business you want to start. Also, it depends on the family obligations you may have. If your kids are grown up, you can make this business a family affair. In general, if you have investors that back you, I would recommend you not doing it.
Dec 2, 2015
It depends on How & who is going to handle the work , if you don"t need others to do the work done only in case you , I used to do side job business during many years - with no time requred & no employees , its possible ,It depends on type of work .
Dec 2, 2015
Hi, Daniel. The answer is absolutely. You just need to make sure you set aside enough time to be able to run the business, and you need to make sure it is the kind of business that doesn't require you to be present all day every day.
If it's an online business, then you should have no trouble keeping on top of things. If you have a smartphone or tablet, you can even check on your business emails, return phone calls, and handle any number of other things during your lunch break and other breaks at your regular job. That would allow you to take care of some of the things you may need to take care of during regular business hours, while saving the parts of your business that don't require attention during regular business hours for the time you set aside after your done working at your regular job.
You just want to make sure you create some sort of detailed plan before you start, so you'll be able to keep up with all of the things you'll need to do to keep the business running in the time you set aside for it.
I hope this helps, and good luck to you and your business!
Nov 30, 2015
No, you cannot be successful growing your business on a Part-Time basis.
"Successful" meaning a self-sustaining business you created that could be sold at any time for a profit higher than the money and time you invested in it.
Think about this without emotion, without using adjectives, and excluding bad advice someone else believed. Business decisions have very real consequences.
What this question really means:
1) The fact that you are asking this question means you don't have a business plan. Know what a business plan includes before you argue.
2) You haven’t done any significant research and you lack information. See #1.
3) You do not have enough money, or the will to risk it, to launch and market the business properly.
4) The business cannot truly be your PRIORITY. You’re not really serious about the business. What you want to do is to experiment.
Here are problems inherent with this idea:
1) You will not be able to take advantage of OPPORTUNITIES available during the day.
2) It's the wrong time. Clients/customers do not want to be bothered in the evening.
3) Part time is not enough TIME to make it successful.
4) You will not be able to determine the SCALE of the business.
5) No sleep = Bad Decision Making.
You may think you could do it part-time until the business is good enough to replace your full time job. That time will never happen. See the nine reasons why above.
Note:
You never stated it, but if you plan to use a method, service or product someone else designed, such as a franchise or MLM, and you must pay a royalty to them or they allow you some commission, then you will never have true success because YOU are making THEIR business sustainable. You are in effect buying a job or becoming a salesperson. You can't truly own a business that way and more often than not, you can't sell it either. It's an opportunity for them much more so than an opportunity for you.
I do not intend to be harsh. My intention is to give real world advice. Better to have it now than learn it later.
There are many leeches out there with clever offers that disguise the true nature of their agenda or intention.
What's in it for them? Are they stating things clearly or playing on your emotions? What are the details not being revealed? I hope this helps.
**** Start here first: https://www.sba.gov ****
Nov 30, 2015
Yes. It takes determination and action, but yes.
Contact me via my email on LinkedIn.
Pieter
Pieter Kark, MD
Nov 30, 2015
Yes, it is certainly possible to build up a successful business along with your full time job, provided
1) Your boss is happy if you deliver and does not insist on checking whether you are goofing off every now and then.
2) If you work in the sales and BD line.
3) You should be able to recognize the priorities of both job and business and can place a lot of activities in the intersection area of the two Venn diagrams.
Can't agree more, Phil. Emilio