Solopreneur Success Path | Have A Profitable Online Business

Ep 53: Starting a full time vs part time business


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When deciding between starting a business part-time or full-time, consider these factors:

Advantages of Starting Part-Time:

  1. Risk Reduction: Part-time business reduces financial risk as you rely on your full-time job's income.
  2. Time for Refinement: You can refine your products, pitch, and pricing strategies over time.
  3. Market Testing: Test the market and understand challenges before a full commitment.
  4. Niche Development: Take time to position your business uniquely.
  5. Gradual Growth: Grow your business gradually, adapting to market demands.


Challenges of Starting Part-Time:

  1. Time Commitment: Balancing a job and business may lead to burnout.
  2. Availability: Clients may perceive you as less available.
  3. Burnout Risk: Demanding schedules can lead to burnout if not managed well.


Making the Best Decision:

  • Research market demand, competition, and demographics.
  • Set clear goals in a concise business plan.
  • Evaluate finances and consider savings for living expenses.
  • Decide on financial milestones for a transition.
  • Involve family and establish work-life boundaries.
  • Consider the impact on your well-being and stress.
  • Commit to a choice aligned with your goals and resources.


Website: www.tomclairmont.com

Online Course: Solopreneur 90 Day Launch Plan

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Solopreneur Success Path | Have A Profitable Online BusinessBy Tom Clairmont | Helping Solopreneurs Launch and Grow Their Business

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