Entrepreneurship + Employment: Reconciling success! Tips for balance your business and work. Achieve success in both areas!
This is because most people who start a journey into entrepreneurship do so concurrently with their steady job.
Therefore, it takes a lot of logistics and persistence to handle the double shift.
What we will see in this article
Between the challenges of entrepreneurship and the security of steady employment
Entrepreneurship is not an easy journey. On the contrary, it is a path full of challenges. After all, it is not possible to predict that the business will be successful. It is necessary to face many obstacles to achieve the initial goals within one’s own business.
For this reason, many entrepreneurs make the choice to remain in their steady job while starting their business. It is a way to have fewer financial mishaps because it allows you to have a secure source of income each month while the business slowly builds up.
Is it possible to balance your business with your job?
However, balance your business with your job and having a double shift involves a great sense of reconciliation.
While the person needs to perform his or her tasks well on the job, he or she also needs to be able to cope with the demands of the business.
So the question arises: is it possible to balance the two in a positive way?
Have passion for what you do
Make no mistake: balancing your business with a double shift will not be an easy task for anyone. Often it will be necessary to give up your personal life and leisure time to manage both. That is why it is essential that you have passion for what you are proposing to do.
This is especially true for the business you have started. Think very carefully before starting the journey because if you are not passionate enough about the segment you have chosen to work in, the challenge will be even greater.
Prepare the right way
To run a company successfully, it is important to have specialized knowledge. You don’t necessarily need to go to business school. However, it is essential to have some understanding of how it works so that the business can stand on its own two feet.
Therefore, it is very important to get qualified and study before you jump into entrepreneurship. You can be sure that this preparation will make all the difference to the success of your business.
See if your business has validation
The importance of having knowledge about the segment in which you want to operate is also crucial to verify if the business you intend to open has validation. It is one thing to have an idea that sounds great in theory, however, will putting it into practice be easy?
If necessary, consult experts and conduct research with your target audience. Draw up your business plan in a detailed and analytical way, so that you can be prepared for all challenges.
Be realistic about your productive capacity
One of the most fundamental parts behind the process of balancing your own business with employment is not to overestimate your productive capacity.
So don’t commit to goals, deliverables, and deadlines that you can’t meet. This avoids headaches and that you have problems with suppliers and consumers of your new business.
You won’t be able to balance your self-business and employment if you don’t have much organization and planning. Hence also the importance of the prior study and the thorough elaboration of the action plan.
You need to know, in detail, how much time and financial resources you can invest in your business.
Make a realistic and adaptable plan, so that you can have flexibility for unforeseen events. Invest in creating a daily routine, which allows you to have structured schedules to accomplish all tasks.
Pull the parking brake
It is no use investing a lot of time and money in your company to make it grow if you don’t have the availability to handle it. So if you still need to stay in your job for a while, don’t let the company grow too big.
If this happens, it will be very difficult to follow the dual-job reconciliation journey. This is because the growth of the business implies that you can necessarily dedicate more time to it.
Remember that there is no point in overestimating your productive capacity.
Develop the company at a pace compatible with reconciliation and focus on maintaining balance. This is fundamental, even for the maintenance of your physical and mental health.
Make a goal to quit your job
One thing that can motivate you is to set a goal to leave your steady job. So you can stipulate this already in the development of the business plan or as your company’s revenues increase.
Quit your job at the right time
To avoid going through times of financial instability, the ideal is to leave your steady job only when your business offers you a comfortable income for survival.
This way, you will already be more adapted to the functioning of the business and the necessary routines. From then on, you will be able to dedicate yourself exclusively, without major worries, and then have the sole objective of growing the company.