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23 Jul 2013

POSTED BY DJackson IN General | Jul 23rd, 2013 | 2 responses

Full Time Workers Managing a Small Business

By David Jackson. 

 

Are you one of those aspiring entrepreneurs who cannot leave their full time jobs but want to establish their own business? It seems a little weird that someone would actually try to handle both the things, but thanks to rising inflation and growing wants, this situation is becoming common. Indeed a number of existing small business owners did have full time jobs when they initially invested in their ventures. They had 24 hours in a day like all others and at times did go overboard with work, but in the end, they successfully launched their businesses and then took over with complete focus.

 

Here are a few tips to toggle between roles of a full time employee and a business person:

 

Segregate the two tasks: Balancing between two big jobs, you already know that time is money but strategise your schedule in a way that you do not mix the two. At times, you may feel that it is fine to call your supplier while you are also looking at some files in your regular office. Your employer however can object to that and may feel that you are distracted and shirk work responsibilities. So set clear boundaries to avoid an overlap.

 

Get some help: Having separated your business work from regular job, you would also need some assistance. Recruiting two or three employees would be a long term solution if you are keen to take your venture to the next level. Look for self starters who can grow to be leaders when you bring in more employees.

 

Build a network for marketing: With a full time job, you may not have time for marketing. It therefore seems difficult to earn leads and conversions. Join professional groups and events through social media platforms. You can also bring in a business analyst to keep a tab on developments in your domain.

 

Sooner or later, you will also have to transition out of your full time job. Take this step when you get your first big opportunity and a measurable quantum of products/services order from your clients. 

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