{"id":47434,"date":"2023-10-20T15:53:40","date_gmt":"2023-10-20T15:53:40","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/the-dangers-of-being-a-part-time-entrepreneur-page-2-of-2-startupsmart\/"},"modified":"2023-10-20T15:53:40","modified_gmt":"2023-10-20T15:53:40","slug":"the-dangers-of-being-a-part-time-entrepreneur-page-2-of-2-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/the-dangers-of-being-a-part-time-entrepreneur-page-2-of-2-startupsmart\/","title":{"rendered":"The dangers of being a part-time entrepreneur – Page 2 of 2 – StartupSmart"},"content":{"rendered":"

Time management skills<\/h3>\n

 <\/p>\n

Brown says for her as well, it was important to be quite rigid about how she spent her time \u2013 but at the same time she also needed to be extremely flexible.<\/p>\n

 <\/p>\n

\u201cIt was important to have a plan about how I was going to spend what available time I had to work on my start-up,\u201d she says.<\/p>\n

 <\/p>\n

But while I was working my day job had to take precedence and one phone call could put an end to my plans.\u201d<\/p>\n

 <\/p>\n

\u201cThat said; juggling both required a lot of forward planning and thinking about the best way to spend my time.\u201d<\/p>\n

 <\/p>\n

\u201cAt the time I did feel resentful about my day job because my heart was in my business and I wanted to get home to work on it.\u201d<\/p>\n

 <\/p>\n

\u201cYou need to be very productive and work on the things that are going to give you the greatest gain.\u201d<\/p>\n

 <\/p>\n

As to the types of start-ups that can handle the founder working concurrently in another business, Anderson says it would be hard to run a consulting business with a foot in two camps.<\/p>\n

 <\/p>\n

\u201cIt would be a challenge in a business where you need to see clients but because I\u2019m an online business it\u2019s workable. In a service business it would be a lot trickier,\u201d she says.<\/p>\n

 <\/p>\n

Says Brown: \u201cPersonal training is probably not the ideal start-up to build when you\u2019re still working because there\u2019s a lot of face-to-face time and your clients want you when you\u2019re in the office.\u201d<\/p>\n

 <\/p>\n

\u201cEven for evening sessions I often had to break the speed limit to get to a session.\u201d<\/p>\n

 <\/p>\n

Ultimately, Brown says she \u201creached saturation point. I had no available time so I had to take the step to work full-time on my business, before I really had the work there to support it.\u201d<\/p>\n

 <\/p>\n

\u201cIn saying that, my transition period between the law and my business was longer than I anticipated.\u201d<\/p>\n

 <\/p>\n

\u201cEverything seemed to take twice as long as I thought it would. But you have to be patient and realise you don\u2019t have to do everything all at once.\u201d<\/p>\n

 <\/p>\n

\u201cGive yourself some evenings and weekends off and remember to look after yourself.\u201d<\/p>\n

 <\/p>\n

\u201cAccept everything will take longer than you think and have a transition plan so you are eventually able to concentrate on your business full-time.\u201d<\/p>\n

 <\/p>\n

Getting the balance right<\/h3>\n

 <\/p>\n

Three top tips to balancing a job with a start-up:<\/p>\n