#16 How To Start A Business While Working A Full-Time Job
Episode Summary
Episode Summary
In this week’s episode of the podcast, I’m covering everything you need to know about starting a business when you have a full-time job. I share 5 different strategies you can implement in your life to help you balance your full-time job and a growing business.
Episode Takeaways
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You need to be clear on why you are starting your business, otherwise, the other demands in your life will win.
Having a strong why keeps you going, motivated, and inspired to work on your business.
Write down why you want to start your business – why is it important to your, who do you want to help, who do you want to serve, what difference will it make to your life, how will you feel as you work on this business?
When you add something else to your plate, it HAS to be worth it!
Do it for the joy and because you love the process.
Starting a business while you are working a full-time job will require your time, money, and mental energy – realistically decide what you are willing to commit.
Don’t crash and burn – you are on this journey for the long run!
If you over-commit, you will be disappointed in yourself and it can lead to a downward spiral.
Set yourself up so you can win.
Your commitment will change depending on what else is going on in your life at the time and that’s ok.
The beauty of having your own business is that you can decide how much time, energy, and money you commit to it at any given point.
Start small and be realistic – starting too big will make you feel like you want to give up.
Be ruthless with how you spend your time, energy, and money.
You don’t need to go and get fancy branding and get the latest hardware etc – they are all great but focus on getting your business up and running instead.
Get a website presence, accountant, and bookkeeper straight away.
Be really clear on what service or product you are offering and who your ideal customer is, as well as why you are doing it.
Start building your email list straight away.
Get yourself out there and in front of your ideal customer.
Don’t get caught up in the busy work that is not getting you in front of your ideal customer.
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Outsource the busy work or leave it out altogether.
Busy work is the work that doesn’t really need to be done by you or you’re not very good at.
Some of the finances you bring in with your full-time job can be used to outsource.
Examples of work to outsource – bookkeeping, accounting, legal, social media, download creation, research,
Set things up properly at the start so the foundation is sorted.
Physically schedule time in your calendar to work on your business.
There is no race to the finish line – every step you take will get you to be a business owner.
Remember…
Start a business for the joy and because you love the thing you want to start. You should truly have love or passion for it. Do it because you love the process! Your business should not just feel like more work.
In this episode you’ll learn:
03:34 – How to balance a full-time job and side hustle
05:45 – Get clear on your why
11:20 – Be realistic on commitment
16:50 – Bee ruthless with your resources
20:58 – Outsource the busywork
25:50 – Scheduling time to work on your business