Want to start a part-time business? All you need is a few hours of musing. Whenever your full-time job pulls out sometime during the weekdays, you can always give a few hours on the weekends to establish a virtuoso and make it as your part-time business. No need to quit your current full-time job or peril your life savings.
Everything leads to an invaluable experience. So if you are looking forward to starting a part-time business and in the long run extending it to a full-time business, the part-time business experience will help you while launching a larger business.
Confidence plays a vital role in all aspects of life. Wondering that you don’t have enough skills or knowledge to start a business and a side hustle, but there are multitudinous options to start a business that requires little expertise, little time, and plenty of confidence.
Beginners can start off with online business. The e-commerce marketplaces have revolutionized the way of shopping. Paytm being the only of its kind in mobile e-commerce has gained huge popularity. Timely KYC is to be done in the nearby Paytm kyc center to continue to the services provided by Paytm.
- Have a greater level of understanding your investment
“Things work out best for those who make the best of how things work out.” – John Wooden
Figure out what part-time really means to you. If you are into a full-time job, how are you going to manage this new venture so that you do not burden yourself later working days and nights? Does part-time mean 20 hours per week? 30 hours? Depends on your definition of part-time.
Create a success plan and annotate your expectations, objectives, and targets from the part-time business. Document your list to achieve milestones. List out the documents needed to start the business. Figure out what you really want, and are you willing to invest your time and energy with 100% focus? List out things which it’s going to take and contemplate are you ready to do it.
GST registration procedure is mandatory If you are planning to start an online business. Starting an online business is trending these days and can be easily managed with a full-time job.
You need to understand the different taxes and state codes for GST. These taxes are applied automatically in the Invoices and all other details can be fetched with automation.
- Time Management and resilience
“Time is not the main thing, it is the only thing” – Miles Davis
Time is the new money. Everyone has been given 24 hours. One of the major reasons for success in anything is how efficiently you manage the time. Discipline is an important aspect. So be extremely disciplined about your schedule. Do not procrastinate. Perhaps working for a part-time business is not a piece of cake.
Handling clients is a matter where you will have to work according to their timings. Responding to the expectations and deadlines in a timely manner requires dedication and time. There will be a time when you will be in your working hours, you won’t be able to take calls or respond to your part-time business client calls.
How would you manage this? There are ways around. You can opt for voice mails. Google Voice is an app that allows users to get messages. The voice messages are sent as messages/texts so that part-time business owners can respond to them asap. There are other ways – Virtual Answering Machines, charging a few monthly fees but have gained popularity among part-time business owners and entrepreneurs.
You must be resilient in all situations. Success comes to those who are resilient. The pressure in business is often draining. We have to manage priorities – work, business, family, passions, etc. Sometimes you may feel overwhelmed, but it is important to be resilient in such situations. Work on building a positive attitude and find out time to do things that you love or you are passionate about, in order to balance the stress.
- Get yourself a coach
Part-time business reduces financial risks. But sets the risk of delay. Working on a full-time job, sometimes it may occur to you to delay your part-time business especially when you have not invested much. So this will make you lazy about your part-time business. The best way to overcome this is to have a person who can be accountable. This person can be anyone – your coach, friend, spouse, family member, or anyone.
So find someone who won’t let you derail. You can discuss anything and everything about your business. Get new small business ideas on increasing efficiency and productivity. The right person will cancel out all the loopholes.
You can also follow a role model, be it anyone. Someone who inspires. Someone with whom you can share everything. Amidst in the loud noise, find someone who will offer you peace.
Still, confused about what to start with? Various easy part-time businesses you can start with.
- Moral and Emotional support from Family and Friends
“Moral support is more important than financial support.” – Anonymous
Mental stability is very important. There can be no one better than friends and family to provide emotional support. There may be times when you won’t be able to handle the burden and will require moral and emotional support. In these times, you can either be self-motivated or have someone who may support you.
Have someone – a best friend, spouse, parents with whom you can share and release the burden. Also, you may not get time to spend with your loved ones due to a shortage of time. It may put strains between you and your family. Your family is the first reason for whom you might be doing this. So do not let that happen and manage the work-life balance.
In the beginning, sleepless nights and working endlessly on the weekends to fulfill the client’s demands. But, in such cases, we have often seen how the family members are encouraged. You can also go for various support groups which have similar business as yours.
- Enfold your non-success
“Don’t think about your errors or failures; otherwise, you’ll never do a thing.” – Bill Murray
So ups and downs in any business are inextricable. Looking at the negatives, you cannot just give up.
Failure is a moment to learn. It is very important to embrace failures. You need to accept yourself and situations considering it as an opportunity to grow. Your failures or your current situation do not measure your self-worth but develop a mindset that keeps us pushing forward. It’s like falling down but bouncing back with double intensity and energy.
Take a look at the legendary people – Steve Jobs, resigned as the chairman of Apple, and exactly after 12 years ye joined back, making Apple the best. So part-time business will let you learn more from your failures than your success. So love and accept your failure to learn and gain experience.
So have a determined spirit, will you fail again? Likely. Will that stop you? Not at all!