If you can master the art of scaling a side business idea while keeping your day job, you'll have no trouble succeeding once you're fully self-employed.
When I set out to start in on a new business idea, I always make sure it aligns with both my core competencies and my interests.
Choosing the path of entrepreneurship, and working on your side business idea, is without a doubt riskier than being content with holding a 9-5 job. However, once you’re reaping the lifestyle benefits of being your own boss and hustling your way into making significantly more money with your business idea than you ever could at your day job, the hard work will have all been worth it. The question I'm asked the most (by far) when I meet and speak with fellow entrepreneurs is, "How do I know which business idea is best for me?
Keys to Success Compu Date has identified three keys to success which will be closely monitored. Compu Date is compiling extensive market research to provide it with accurate information regarding its target market. If Compu Date does not pick the right people, the business will not progress. This position provided Suzie with invaluable skills for managing a variety of different projects. Personals division where she got direct experience for the matchmaking industry which gave Suzie the insight and confidence in developing her own company to compete within this industry.
Compu Date has conservatively forecasted sales for year two, rising in year three.
If you play your cards right, you’ll be able to quit your day job and grow your side business idea into an empowering self-employed career.
Obviously some of these small business ideas have more earning potential than others, but what they all share in common are relatively low barriers to entry and the flexibility to work at them for a limited amount of time per week.