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Online business as long as you have access to a smart phone all day
I know a girl who has a head shop that works here full time. She emplyos 2 people to work her store.
I'd like to start a business but I also work a 9 - 5.
My commute is also approximately two hours. So I get home at about 7 pm every night.
I've been coming up with ideas and would finally like to begin working on them.
Does anyone else own a small business and work full-time?
I used to. You have to absolutely love the business as it will be your mistress, for sure. If you are already great at time management and don't have any major viable relationships that require your attention, go for it.
For many people it is essential to continue to work while getting their new business up and running. It is rare that you will be able to support yourself with a new business right off the bat.
As already requested, it would help to know what kind of business you're considering.
I'd suggest that whatever it is, it doesn't mirror your current job.
Another thought/philosophy:
- Take your top 3 or 5 things you really like to do or are good at and prioritize them from 1 to 3 (or 5) with your absolute favorite being #1.
- Once you have that solidified, #2 or #3 should be your 9-5 job. #1 should be reserved for you as a hobby. Don't take your favorite thing to do and ruin it by making it a job. Once it's a job, you won't like it anymore so don't ruin it and keep it as fun. The remaining option (or 3 options if you did a "top 5" list) should be strongly considered for a side business. It has to be something you like and are good at or it'll just fall to the wayside.
I am no expert but from what I understand you need full time commitment to start a side business.
Bit of an oxymoron. By nature a side business is something you do on the side.. But I get what you're trying to say.
A lot of businesses require full commitment, especially sales type businesses where you have to call people and the money you make is propertional to how much time you spend in making calls. But web businesses are more flexible.
Before I started my business, I used to spend all my downtime brainstorming business ideas, and would write them down on my notepad. I would also do some online research on the sly. I always looked busy.
Not everyone can do that, some companies watch their employees like a hawk
It depends on the business and the hours that you have to invest into the new opperation. Can someone run your business while you are working? Can you find a partner to share the startup with? I started a facilities repair business and partnered with a guy that did similar work. My idea was to do work after I was done working. My partner worked during the day when I could not get to the customers. It worked out well for a few years. He was older and ended up having a stroke ending the partnership. I still kept the customers that I could work with during the evening and weekend hours. Still I don't see it as a business so much as a second job now. I still want to build something that will make money with others doing the work.
What ever you do create a solid business plan. Don't let people tell you it can not happen as they don't know you and the willingness that you have to build something of your own. No one knows what you can do, only you.
Lots of people do it, but it will depend of the type of business. Yes, I've started small businesses while working full time.
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