5 Tips to Business Build While you Have a Job
A secret to a successful business build is to do so as if it is a long term endeavor. Consider not jumping ship from your “day job” until you have replaced your income. While you stick to your mission, vision, purpose and values, it is important be responsive to the market.
- Having food on the table makes it a more comfortable business build. This is different from a situation where you are out of work, down to your last penny and living out of your car. Some self – made millionaires, like Robert Kiowsaki have found success from the bottom up. He tells his rags to riches story in his early book, Rich Dad Poor Dad
- Take note of any any non-compete clause in your agreement with your employer. Sometimes you have to wait a few years to business build or develop an idea that too closely resembles any concept, service or product that is related to your employment.
- Avoid creating a conflict on interest with you employer while you business build. Keep the two separate. Do not use employer time, resources or contacts to business build your own endeavor. It is likely best practices to avoid anything construed as advertising your business to co workers or clients of your employer. These are likely ways to surely get fired.
- Consider being home based as you business build. Keep costs low and build momentum. Fancy brochures, for instance,are not the best early outlay of money. With any luck as you grow, you will refine products and services and add new resources. Printing costs to make brochure changes add up too quickly for a start up budget.
- Do not burn any bridges. All of your relationships are deserving of your attention and respect. This includes with yourself. Though doing a business build takes diligent effort, striving for a balance is important. You need your health and healthy relationships to enjoy life and to make it.
Although you commit for the long haul always have an exit plan. To business build a worthwhile endeavor you may walk awhile before you run and run even longer before you fly. To quote a friend who was a successful restaurant builder and flipper, “sell while the business is successful and you still enjoy it.”