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