Thursday, December 16, 2010

Start a Business Part-Time or Full-Time?

Starting a business can be awfully scary from the standpoint of answering these two critical questions:  How will I make money?  What happens if I don't?

Oftentimes, to minimize risks, people start a business gradually -- with one foot in the new business and the other in a full time job that offers a steady stream of income.

Yet, the part-time path also comes with its own set of challenges.  Here's a look at why.

Starting a Part-Time Vs. Full-Time Business


Franchise Gal said...

It's definitely a big decision, whether to go all-out, full-time in you dream business or to take slow baby steps (going part-time while building up your business on the side).

I tend to advocate franchising as a good middle ground(hence my twitter handle), and while there are both part-time and full-time franchise businesses out there the truth is that most of them still expect you to put in full-time hours, no matter what the franchisor may be trying to tell you!

Anyway, I enjoyed your posts and have added your RSS stream to my twitterfeed (you can find me on @franchise_gal).

Franchise Gal said...

Also, thought I'd add that home-based businesses are one possible solution, if a person has enough discipline, to break out of the corporate 9 to 5 on a more gradual basis.

The franchise advice blog (started by a fellow female entrepreneur, Mary Tomzack) has a good write-up on home-based franchising on their blog - the key takeaway is that it can be a good option for some, but you need to really understand what you're getting into before you dive in; as with any business, even home-based options require more time than anyone will tell you up front.

Again, keep your posts coming!