We’d all like to be able to quit our old job and devote our time completely to our new startup, but that’s not always possible. If you haven’t gotten enough saved away, you will still need to make ends meet before your business starts turning a healthy profit. In addition, you have to think about your debts, your health insurance, and all the financial needs of your family. Though some people quit their prior job before starting their new business, it is by no means the only way to do it. Follow these steps and you’ll be able to keep earning a paycheck while you get your small business ready for primetime.
If you’re going to be working a job and working on your business at the same time, then you have to really make sure you are managing your time wisely. The best way to do this is to keep a strict schedule. We have more time on nights and weekends than we realize, and if you can organize this time into a schedule, you can start being more productive.
Prioritize and Eliminate Wastes of Time
Now that you are making a schedule, it’s important that you can differentiate the positive ways to spend your time with the negative ways. As much as you love watching TV or engaging in some of your hobbies, you may need to take a break. Remember, you are now working two full time jobs, so you will have to make some sacrifices. If you find yourself spending too much time on household chores and other errands, consider outsourcing these activities, so that you can spend your time on what’s really important.
Get a Partner or a Team
If your non-working hours do not leave you with enough time to work on your business, you should consider finding a partner who can work with you. Adding up your free time together will give you twice as much time to get your business off the ground. Make sure you select someone who is trustworthy, hardworking, and adds value to the business overall.
Take Care of Yourself
Now that you’re working two jobs, it’s very important that you don’t work yourself to the bone as this will affect your performance in both areas. Make sure you get enough sleep and give yourself enough time to relax and recharge every once in a while.