So you want to start a business but can’t leave your day job just yet? If so, doing one part-time may be the best route to take. It takes a lot of focus, discipline, and hard work, but five successful part-time entrepreneurs–some of whom are now doing their business full-time–show that it can be done.
First, precisely what business do you get into? You need to do your homework to find out.
Of course, the right part-time business for you may also depend on your priorities. For those who want to have more time for themselves and their families, in particular, a good option may be a business that offers residual income or a continuous income long after you have stopped working.
The idea of doing a part-time business on top of a full-time traditional one definitely sounds attractive, but it may require a challenging balancing act on your part. Indeed, you may need to set aside a particular time each day to do your part-time business and treat that time as sacred.
The startup capital for a part-time business is minimal, especially for home-based ones. In the particular case of Guevara, who started her jewelry business with only a few pieces, the startup capital was as low as under P1,000.
But if you want to make big money from your part-time business later on, you need to reinvest some of your earnings into the business to make it grow.
For most part-time businesses, word-of-mouth marketing is the best way to get clients. Continue reading
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