The Challenges Of Launching A Business While Juggling Your Day Job

Launching-A-Business-While-Juggling-Your-Day-Job

Switching from a regular job to launching your own business is a very big step and it should be tackled with great care. Many people try to do both things in parallel for a while, until they feel safe enough to say goodbye to their nine to five job and dedicate all their energy to growing their business.

The most difficult time is the launching of the new business while still going to your old job. You need to be able to juggle all these responsibilities without any mistake or hesitation, if you want to be successful. By keeping your old job, you can secure a steady income that would allow you to pay your monthly bills and perhaps invest into your new enterprise until it takes off.

One of the biggest challenges of starting your own business while still keeping your day job is to find time for all activities implied by your new responsibilities without neglecting your job. The good news is that you only have to hold on for a limited time, as this situation is temporary. The moment you see your side venture taking off, you can quit your job and dedicate yourself entirely to your business. By this time, you are going to make enough money to afford paying your bills and debt without problems and without needing your old job anymore.

JugglerThe-Challenges-Of-Launching-A-Business-While-Juggling-Your-Day-JobDepending on your ability to juggle all these responsibilities, this transition period may last for a few months or for a few years. In fact, you should set yourself an objective of becoming financially independent by a specific date. You need such goals in order to focus on what’s really important and avoid becoming sluggish. Besides, the longer you stay in this situation, the more you are going to feel tired, as running a side business can deplete you of all your energy. If you also have a family, they are going to suffer, as you won’t be able to spend a lot of time with them anymore. This can take a toll on your health as well, so you need to ponder very well the pros and the cons of launching your own business while still keeping your day job.

In order to be able to cope with all issues and problems you need to solve, you should figure out a schedule that would enable you to fulfill your job duties while also being present whenever your business demands it. If you enjoy waking up early, you should take advantage of this and do some serious work for your private business in the morning, before going to your 9 to 5 job. If you find it very hard to wake up in the morning, you should probably schedule the side work for the evening, after your day at the office. You may also consider changing your habits, but this is not always easy. Anyway, after you put together a schedule, try to stick to it as much as possible until the day you are going to be able to quit your job.