Today seems to be my Anita Campbell day. (I just cited her Small Business Trends blog in my last post.) On a separate topic, she wrote about starting your business on the side, which in many cases is while you’re still employed. Many people think about starting a business while they’re still employed, but only a small percentage actually get the business underway while working for an employer. (One out of 15 of the people I have interviewed for my book went that route.) One reason may be that the person’s employer would object, especially if it is a related business. Another reason is just lack of personal “bandwidth” — not enough hours in the day. But it may be a safe way to test the market and build a little momentum before cutting yourself off from that regular paycheck.
Campbell advises, Set Aside A Dedicated Schedule for Your Startup:
In my experience, the biggest challenge you will have during the
incubation is sticking with it and finding time. After the initial
flush of giddy energy, it’s hard to stay motivated to build a business.
It’s even harder when you are tired and stressed after a full day’s
Many entrepreneurs who have successfully started a side business do
it by setting aside dedicated hours each day for their startup. I’ve
known budding entrepreneurs speak about going home to “start the second
shift.” That’s exactly how you have to think of it. Commit to spending
X hours per weekday and/or on weekends on your business. Stick to a
regular schedule — it makes it easier.