When you start a new business venture there are many worries. Will it generate enough profit in a short enough period of time for you to be able to make a living? What kind of kinks are going to need to be worked out? There will be plenty. Will people even buy what you are selling? These are just a few among many, but there is a way to answer these questions and still keep a semblance of security while you are in the early stages of your new business. Keep your day job, for now.
This is not what most people want to hear. “Be your own boss.” “Set your own hours.” These are the things budding entrepreneurs want to hear. Sometimes however, starting slow and building up to these ultimate rewards over time is a better option. By keeping your day job and working on your new business during the fringe hours, you will continue to have a steady income to rely on while you are getting started It may take longer to meet these ultimate goals, but they will be more likely to become a reality with less stress about financial issues along the way. In addition, any income made from the business while you are still working at your day job can be directly reinvested into to the business rather than used for living expenses.
Prove Your Product
By keeping your day job, you give yourself a chance to prove that people will buy whatever it is you are selling. You can see a glimpse of the future, be encouraged, or see that it will not work as is without worrying about the consequence. There will be no worry about finding another job if it doesn’t work right away.
Maybe it is going to work but there are significant bugs to work out. This is going to mean it will take longer to start making a significant profit, and if you have already quit your job that could be an issue. However, if you still have your day job you can take your time and fix the issues properly before going all out.
Another benefit that can sometimes be overlooked is that, if you start slow and prove your product while working out the kinks in the beginning, when are ready to go really big you may have an easier time obtaining business financing. When that time comes, Biz2Credit can be your best friend. Our extensive network of lenders offers business financing options of all types, and we can help you find the perfect one for you quickly and easily. Visit Biz2Credit.com today to find out more.