Manage the stress of your full-time job while running a side business without going crazy with these 6 tips!
1. DETERMINE THE REAL REASONS WHY YOU ARE BUILDING A BUSINESS
Getting a clearer understanding of why you want to start a business is a crucial first step that every budding entrepreneur must take. Whether you want to accomplish a childhood dream or you are motivated to become your own boss, knowing your drives will help you focus and commit to your dreams. When you are committing to your dreams, you make sure to see it through to success.
2. READ THE FINE PRINTS
Before getting your full-time job, I am sure that you signed a contract or some paperwork for the HR department. Find those files and make sure that you did not sign any agreements that prevent you from building your own business. Get professional legal advice if necessary.
3. USE YOUR TIME WISELY
You are given the same number of hours as Bill Gates or Oprah Winfrey each day, maximize it! In a week, say you are given 40 hours of work and 56 hours of sleep, you will have about 72 hours left to spend wisely. Successful entrepreneurs strategically make the most of what they have instead of wishing for more time.
4. DEVELOP NEW SKILLS
As a start-up, you are testing every aspect of your business including the amount of labor necessary. Do really a marketing team or can you handle the marketing aspect by yourself?
Instead of hiring professionals to do the job for you, you can commit several hours in developing skills. Online educational websites such as General Assembly and Skillshare offer free and paid courses on a wide range of topics such as marketing, photography, and design.
5. SHOP FROM B2B WEBSITE
If you are planning to start your own shop or online business selling goods, you need to know where to source for your items. Sites like Taobao is the way to go, but if you want to enjoy greater discount or better price for each quantity of item, you need to purchase in bulk. That’s where VolumeBest, a B2B online trade site dedicated exclusively to wholesale and volume business buyers, can help you save money.
Volume Best carries a good range of consumer products such as mobile accessories, lighting peripherals, watches and other electronic goods at a very good price. They also offer free and secure UPS shipping to ensure that you receive your goods on time.
6. OUTSOURCE IF NEEDED
To finish the tasks faster and make money while you are at your day job, consider outsourcing.
When you decide to hire help, good sources of quality yet low-cost labor are university or polytechnic interns. If you are willing to spare some time to training, both of you can benefit from the experience. Think about it! You are giving a worthwhile experience and good recommendation for the intern while the business is receiving low-cost (and sometimes free) services.
7. ACCOMPLISH WHAT IS IMPORTANT
The Pareto Principle states that for many events, about 80% of the outcomes stem from the 20% of the causes. Simply, only a portion of your efforts lead to the effects. This is why the smartest decision is to focus your energy on the things that yield higher returns. When you are juggling two jobs, do not beat yourself up with the unnecessary investments and drama. Rather than doing everything, accomplish only what is important.