2016-12-14 00:00:00Time ManagementEnglishLearn how to better balance and manage your life when you're still working a full-time job and working part time on starting a business.https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/06/Woman-works-on-sewing-machine-near-child-while-operating-part-time-business-at-table-near-tablet.jpghttps://quickbooks.intuit.com/ca/resources/time-management/juggling-part-time-business-full-time-job/Juggling Your Part-time Business With Full-time Work and Life

Juggling Your Part-time Business With Full-time Work and Life

2 min read

Few aspiring entrepreneurs have the luxury of being able to devote all of their time to getting their dream of a small business going. Whether you’re launching a career as an independent freelancer or looking to launch a company, in the beginning, you probably have to work part-time on your personal business idea while still working full-time at a “regular job” and taking care of ordinary life tasks such as family commitments. Successfully navigating this transitional period requires more than just working hard. It requires deliberate planning and utilizing some smart tips and tricks to make the journey easier.

Time Management

A basic obstacle to starting your business while still holding down a full-time job is simply finding the necessary time. You don’t want to neglect, and possibly risk losing, your dependable full-time income, but you also don’t want to fail to commit enough time to your personal business venture to get it off the ground. The solution is practicing good time management skills. Set up a schedule, mapping out definite hours during the week to get your new business going. Look at your business venture as if it were a second part-time job where you are required to show up for your scheduled work hours. Craft a schedule that works best for you. For example, if you simply don’t have much free time available, getting your business started may require making a commitment to get up an hour earlier each morning and spend that one hour working on your business.

Use Goal Setting

When you’re only able to dedicate a few hours a week to something, it can be difficult to stay focused and move ahead in an organised way. If you can only work on your business on Mondays and Thursdays, by the time Thursday rolls around, it is easy to have lost the thread of what you were working on Monday. Setting goals, both long term and short term, broken down into specific tasks to complete, will help you efficiently use the time you have to move your business idea forward. You get more accomplished if you start your business work session with the definite assignment of “research domain names and web hosting companies” than if you just show up with the vague, general idea of “work on starting my business.”

Involve Family and Friends

One of the things that often gets neglected when you’re working at two jobs is personal relationships. Help yourself avoid this problem by actively enlisting family and friends as a support system for starting your new business. Share your entrepreneurial aspirations with them and solicit their advice. If you let them know what you’re doing and what you’re hoping to eventually accomplish, they’ll be more understanding when the effort takes you away from regular social events or personal time. Also, you may find that when you share your dream with family members or friends, they’ll help you achieve it by gladly volunteering valuable advice or their own time and skills. For example, your sister-in-law might volunteer her graphic design skills to help you set up your website.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

Comprehensive Guide to Hidden Expenses When Starting a Small Business

Starting a business costs money, no matter what the size. The obvious…

Read more

Accounting Software for Contractors - Why You Need It

Contractors require different accounting processes than traditional businesses. Using dedicated contractor accounting…

Read more

7 Ways to Use Restaurant Accounting Software

When it comes to running a restaurant, there are a lot of…

Read more