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17 Steps To Start Your Own Business Even If You’re Working Full Time

17 Steps To Start Your Own Business Even If You’re Working Full Time

Don’t let a 40 hour week working life put your dreams on hold – every spare hour is an opportunity to get your own business up and running. Starting up a company whilst being employed eliminates a lot of pressure, and removes risk.

Follow these steps and begin your journey to being boss of your own successful business.

1. Establish your passion

Has a business idea been brewing inside you for a while now? Buy a new notebook and write it down. Voila! You’ve just made the first step in making this idea become a reality.

2. Set your mission

Establishing your vision is a simple next step, it gives your business focus. Writing a mission statement is about your planned impact on your customers and society; whilst establishing your vision is about where your business is going. Both are integral to starting your own business.

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3. Evaluate your lifestyle

Next, assess when you can work on your own business. Note down your working hours and any other commitments you may have – kids and family time, hobbies you just can’t live without, and it will soon become clear where there are gaps for your new business working hours will fit.

4. Embrace the digital age

Mobile technology makes working on the go a breeze. Utilize that dead time on the bus to work, or that lunch hour normally spent at your desk watching YouTube videos! That said, do not be tempted to disrespect your current employer by working on your new business during paid hours – remember this job is paying your bills.

5. Make cuts

Cutting 3 hours of evening television down to 1 may sound scary at first, but just like anything in life, it will just become habit. Would you rather watch that episode of Breaking Bad for the fifth time, or work on making your business dream a reality?

6. Do what you love

Okay, so we know that’s very cliché, but if you truly are following your passion, your new business adventure won’t feel like work at all, and making the aforementioned cuts will be easy.

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7. Consider a friend

Just like having a gym-buddy to motivate you and keep you on track, inviting a friend along at this start-up stage could not only offer much needed encouragement and ensure you’re committed, but could even bring new ideas and skills to the table. Definitely one to consider.

8. Know how

You’ve set out the ‘What’, the ‘When’, the ‘Why’, and the ‘Who’; now to establish the ‘How’. This should include immediate next steps, mid-term goals and long term plans. Write it all out, and add as much detail as possible. This will make a great guide to come back to.

9. Set realistic goals

When setting targets for your business it pays to remember you are doing this alongside your current role. Your goals should be achievable as long as you are aware they’re going to take longer than if you were working on your business full time.

10. Play on your skills

Start with an advantage – your own experience, your skills and your passion are your advantage. If marketing is second nature to you, be sure to utilize your talents. Reflect on the expertise gained in your current role which could be invaluable too.

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11. Do your research

When playing on your skills, be sure not to be over confident and make assumptions which could later turn out to be costly mistakes. Always research your new business’ field, industry challenges, current trends and best practices.

12. Work on your weaknesses

Even if you consider yourself a Jack-of-all-trades, you will have a weaker area. Consider taking an evening course to learn a new skill, or just brush up on existing skills.

13. Measure & Monitor

You’re working away at your business, you’ve mastered being on top of the accounts, and maybe even achieved some of your initial goals. But don’t carry on blind. Gain insight into your business with statistics, and use the data to assess strategic performance. This will help you define next steps.

14. Use your annual leave

So you’ve set the ball rolling with evenings and weekends spent getting your business off the ground. Now consider dedicating some extra days to give your business venture a push. Use a day or two of annual leave from your current job each month to really work on achieving a goal for your new business. Establishing an achievable target ahead of the day off will ensure you don’t just treat it as a day of holiday!

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15. Stay inspired by others

You are not the first to start up a business while working full time and juggling other commitments, and you won’t be the last. Read up on what others are doing, and learn from their mistakes.

16. Take the plunge

They say when you know, you know. There will come a time when you take that daunting first step and cut the ties of employment. Be savvy and risk-adverse – be sure you have a fall back plan and savings in place. Make sure you have a plan in place for not only the first few weeks of taking your business full time, but also the months that follow.

17. Keep the momentum going

You’ve done so well to get to a point where you can quit your day job. Starting a business whilst working full-time is no mean feat and you’re on the way to becoming the entrepreneur you’ve always dreamed of! Be sure not to drop the ball, keep the momentum going and work hard. You are a success!

Featured photo credit: David Mulder via flickr.com

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Last Updated on October 24, 2018

8 Things to Remember When You Don’t Know What to Do with Your Life

8 Things to Remember When You Don’t Know What to Do with Your Life

Sometimes in life, we find ourselves at a dead end, or a crossroads, or on a path that seems to go nowhere and say “I don’t know what to do with my life…”

No matter what stage you are at in life, if you are unhappy with it, or unsure as to how to proceed, then you need to reevaluate.

When I was in high school, I remember thinking that I had to pick a career at which I would be happy for the next 50 or so years of my life. What a daunting task. How do you know what’s going to make you happy for the rest of your life, especially if you’re only 16 and you’re still getting a thrill out of watching “The Breakfast Club?”

You can’t know. You can’t know what’s going to make you happy even five years from now. But you can know what makes you happy now and if you’re current position — or school track — isn’t it, then you need to move on.

When my oldest children were contemplating their college careers and job prospects, I often told them to just go and take classes or try things they thought might be interesting and if they didn’t like the class or workshop or whatever, then cross that off your list. Life is often about trying things and realizing what you don’t want to be when you “grow up.”

I spent a year substitute teaching in an effort to see if I wanted to become a public school teacher. I enjoyed that year immensely, but after talking with teachers and doing some of their job for a year, I realized that was a career that was not for me.

1. It’s okay you can’t figure out the whole future

Remember, you don’t know what’s coming next. Life is full of interesting twists and turns, but if we continually pursue things that we enjoy doing whether for a job or hobby, it will make the journey interesting and more fun.

Maybe you enjoy making jewelry right now. Maybe you can sell it. In five years, you might be a successful jewelry designer or you might have moved on to another craft. It doesn’t matter. You have the experience of your jewelry design to fall back on and help you with other projects in the future.

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2. Try to be comfortable with discomfort

Sometimes life is uncomfortable. Sometimes we don’t have enough money to do all of the things we want to do. If you have something you really want to pursue, then you must be able to live with some amount of discomfort in order to do that.

For example, I want to mush sled dogs and run the Iditarod. In order to do that, I had to give up my neat, tidy suburban home and move my family to a cabin in Alaska.

We don’t have running water or regular electricity and our cabin is much smaller than our old house, but we don’t mind the discomfort of those things because we live in a beautiful place and I get to pursue my dream.

3. Life is uncertain, go with it

Stuff happens. I thought I had it all. I had a great job and a great house in the woods. Then I got fired, lost my house and turned 40 all in the same week. Then I found out I was pregnant. Quite the week.

I laid on the couch for a couple of days, depressed, but then we got it together, made a plan and moved to Alaska.

Take uncertainty and turn it on its head. Every bad thing is an opportunity to make something good happen.

Besides, it’s really never too late to change your life course when something goes wrong! Don’t believe me? Here’s the proof:

How to Start Over and Reboot Your Life When It Seems Too Late

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4. Overcome distractions and stop procrastinating

You’re not getting younger. Sorry, but it’s true. If you don’t start taking the time to pursue your dreams, you might find yourself at the end of your life with nothing to show for it but a lot of Facebook posts and a bunch of TV shows you just had to watch.

If you are serious about pursuing a dream — whether it’s designing jewelry, professional skateboarding or being a rich and famous computer guru, you better get on it.

Take those first steps. Turn off your Facebook notifications and get working. You won’t get anywhere merely thinking about how great you could be.

Better yet, learn these steps to stop procrastinating and start to focus on what truly matters:

What Is Procrastination (And the Complete Guide to Stop Procrastinating)

5. Ask yourself questions

Take some time for yourself. Ask yourself big questions. And small ones.

Learn about yourself. Meditate. Write down the things that interest you and things you could see yourself doing if time and money were no object. Dream big. Quiet your mind and really imagine yourself doing those things.

By asking yourself meaningful questions, you’re building yourself an invincible Motivation Engine like this and whenever challenges arise, you know how to deal with them.

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6. Volunteer or shadow someone

If there is a job or hobby you are interested in — from grooming dogs to being a zookeeper — volunteer or job shadow and see if it’s an occupation you really want to do.

All the dreaming in the world isn’t going to help you if you don’t go and get your hands dirty. Sometimes, we think we want to do something and then once we try it, we realize it might not be the kind of work we like after all.

Or it might be more involved than we realized. It’s important to get hands-on experience and do a lot of reading by those with first-hand experience before we give up our current life to pursue a dream.

7. Save up

If you need to move or go to school to pursue your new dream, it might be pertinent to get a job doing something — anything — and save up the money to allow you to do it.

I worked for many years to build my writing and editing portfolio and I now I can write and edit articles from my wee little cabin, get paid, and use the money to pay for the equipment and food I need to run my dogsled team.

Would I love to be able to make money just from running dogs? Sure. But it’s not possible right now while I’m building and training my team.

I don’t have a reputation in dog mushing yet, but I do have a reputation in writing. So I do one job I love to pay for the other.

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8. Answer the door

Opportunity may be knocking but if you don’t answer the door, how can you take advantage of it? You must take opportunities when they are presented to you.

Sometimes it’s not the right time, but it doesn’t matter. Opportunities happen when they happen. Answer the door or that opportunity might walk on by and knock on someone else’s door.

Final thoughts

The most important thing to remember when trying to figure out what do with your life is that no action is an action in and of itself. You must make decisions and try things — even if you end up hating them or wanting to do something else.

Remember, it’s never too late to start again. (Jack’s story is an inspiring one about rebooting life at a later stage of life!)

At the end of your life, you won’t regret trying things and failing, but you will regret not ever trying at all.

Close that laptop and go get your life.

Featured photo credit: Unsplash via unsplash.com

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