| In my article "Do You Really Want A Business of Your | | | | position but this also might put your employer in a bind. |
| Own," I discussed questions that one should answer | | | | And, if this happens too often, your employer may be |
| before beginning any business. The answers that you | | | | forced to hire someone else to fill your position. Be |
| give should help determine if you are the | | | | realistic; if you own a part time business and it |
| entrepreneurial type. | | | | interferes with your present job, it will not interfere for |
| Running a business can be difficult and it is time | | | | long. Your employer will be forced to find another |
| consuming. And there is the aspect of needing money | | | | employee and let you go. |
| to live on while the business is in the startup stage. So | | | | Be Patient. It may take a long time to see a profit in |
| that brings me to the title of this article, "Should I Start | | | | your business. And a part time business will usually |
| My Business Part Time?" | | | | receive part time income. However, there are usually |
| Some topics to consider when deciding between a full | | | | several advantages to owning a part time business. |
| time and a part time business include the following: | | | | · Generally, you work out of your home. This |
| · What benefits will you give up if you leave a full | | | | saves money from having to lease property, pay |
| time job? These include having a regular paycheck, life | | | | extra utility bills, deal with landlords, etc. |
| and health insurance, retirement benefits such as 401k, | | | | · You are not away from your family as much as |
| pension, paid vacations, sick days, and any other | | | | if you owned a full time business. |
| benefit that your position offers. | | | | · You can work the hours that you want, dressed |
| · Can I still work at my present job while running | | | | the way that you want, and wherever you want. This |
| my business or will operating my business interfere | | | | freedom is worth a lot of money by itself. |
| with my regular job? Sometimes, this may be hard to | | | | · There is no bureaucracy to fight with; you make |
| separate the two positions especially if there is a | | | | the decisions about all of the aspects of your business. |
| deadline at your new business. | | | | However, on the flip side of this is the fact that if |
| · Is the business that I have chosen compatible | | | | something is wrong, it is your fault. No one else to |
| with only working it part time? These businesses | | | | blame. |
| include working on the internet, home parties, | | | | As with any decision that you make in life, there are |
| bookkeeping, craft fairs, flea markets, etc. | | | | pros and cons. Starting a part time business is no |
| · Will owning a part time business and working a | | | | exception. First you must decide if you really want a |
| full time job lead to mental and physical exhaustion? | | | | business, then you must choose what type of |
| Sometimes you may not get enough rest and this can | | | | business and, finally, you must decide whether you |
| become a real problem. | | | | want to start as a part time business or jump right in |
| One other aspect of operating a part time business is | | | | and begin a full time business. |
| being fair to your present employer. There may be | | | | These decisions are just the beginning. Every day in |
| times that you need to be away from your present | | | | your business, hundreds of choices must be made. |
| position in order to take care of something in your | | | | From the mundane to the challenging, it is your |
| business. What does your employer do? Perhaps, | | | | responsibility to make these choices because now you |
| there are other employees that can handle your | | | | can say I am a business owner. |