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7 Tips for Starting Your Own Business While Being Fully Employed

September 28, 2016 By Johanna Baker-Dowdell 1 Comment
Image attribution: https://pixabay.com/en/student-typing-keyboard-text-woman-849825/

Image attribution:
https://pixabay.com/en/student-typing-keyboard-text-woman-849825/

Guest post by Jill Phillips

Creating a business from the ground up might be incredibly challenging, but it could also provide you with complete financial freedom. Unfortunately, many entrepreneurs must continue to hold down a full-time job while they are getting their new business started.

Here are seven tips you can use to make the most out of every minute of the day while juggling your current career, your company, and your personal life.

1. Plan everything for a great start

Even small business owners who have no other careers must be as methodical as possible when it comes to the growth of their company, let alone aspiring entrepreneurs who have full-time jobs. The first thing you should do is create a filing system for all the information on your business and the industry you are in. Once you have everything stored and categorised methodically, you can go ahead and create a business plan that will help you do everything step by step. Your business plan should include your short-term and long-term goals, the state of the industry, legal information, and a financial structure.

2. Manage your time

It is all too easy to waste a few minutes or hours every day, and that will have a negative impact on your new business as well as your personal life. You will most likely need to sit down with your family and come up with a firm schedule every week. No matter how well you manage your time, you must also be ready to make sacrifices. Many entrepreneurs work at least six days a week and have to cut back on their hobbies and leisure time. You can also speak with your current boss to see if you could work remotely a few days a week. [Read more…]

Filed Under: Business Tips Tagged With: business partnership, business planning, education, Jill Phillips, Networking, personal development, small business tips, starting a business, startup, time management

Sustaining Success

March 3, 2008 By Johanna Baker-Dowdell Leave a Comment

This article by Johanna Baker-Dowdell has been published on Mum Zone. Have a look at: http://www.mumzone.com.au/business_careers_sustaining_success.php

As a business person you might think there would be no business if you weren’t around, but this is not always the case. It pays to put some time into thinking about the type of business you want and plan for the end at the beginning. Start by thinking about why you established the business and what your goals are, preferably before the business is launched. You might be on maternity leave and want to see if you can combine working from home with looking after your child. Or, you might have been made redundant and have found there is a gap in the market where your skills lie. Either way, it is important to have a clear goal when you start your business and this will ensure you are always working towards your desired end result. Put simply, you wouldn’t buy a two-seater convertible car for a family of five, so why invest your valuable time and money into a business without making sure it is sustainable? Planning a sustainable business is not just about having a great logo or an animated website, but about the business’s structure and direction. Here are a few tips to consider: [Read more…]

Filed Under: Business Tips Tagged With: business planning, business sustainability, Johanna Baker-Dowdell, www.mumzone.com.au
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