Being a Part-Time Entrepreneur Rocks! Your job isn't limiting you as much as you think it is. Here are the Top 10 Reasons being a Part-Time Dream Builder is awesome and worth the work!
10. Lower Stress Levels
Entrepreneurial stress will claim as many entrepreneurs as will lack of revenue/sales. The stress destroys moral and hope. Without hope what exactly should an entrepreneur hold on to? Hope lifts actions to levels where dreams can start something. With gainful employment some stress maybe alleviated!
9. Reduced Start-Up Costs and Debt
Depending on the type of business startup costs could run upwards of $20,000 even up to $150,000. Some hardware and franchises cost triple and quadruple that amount. While having employment won’t cut that amount drastically all the time. Bonuses and a strictly budgeted income and funnel money into your business opportunities could reduce startup costs.
8. Networking Opportunities for your new business
Networking is an often forgotten way of moving the needle on your success meter. Networking is key to partnership and as William Patterson says, “Any situation of lack can be satisfied by partnership.” Affluent people, folks with great business acumen and/or entrepreneurial experiences double as colleagues often sitting right in your office. Those key contacts can be in the C-Suite or in Engineering and Organization leadership; they could even be sitting next to you in our cubicle.
7. Gives you a break from the monotony of down-time in your business
I once knew a successful antique broker from California. Between six figure deals he would use cocaine to pass the time. According to him drugs in Hollywood were just another past-time. Sadly, I met this man at the Denver Rescue Mission. Every homeless person has a story. His was substantiated by a quick Google search and it was his greatest shame. He would often say, “Nothing is more dangerous than a bored man, worse if he’s successful.” The above is certainly an extreme example, but not without merit. Having something to do while your business is bubbling up or down will keep you busy and hungry for success.
6. The office Social construct will feed your dreams and ideas
“There has to be a better way,” a common saying among entrepreneurs and innovators. You will not run into the Million Dollar Solution sitting at home watching Netflix. You’ll have to get out there. Bounce your ideas off others; vet them within the social constructs available to you via your job site…on your break of course. Careful with leveraging your million dollar solutions at work—most corporations have clauses in your employee contract that give them license of your creativity and ideas.
5. Employer sponsored learning and certifications
Some employers will train you to do what you really want to do. Learn welding, plumbing, product management, book keeping, etc. Robert Kiyosaki, author of Rich Dad, Poor Dad tells the story of why he joined the military. He wanted to learn to fly planes and the Air Force was paying. That’s a plan. Some employers even pay for college education if you agree to stay on for a certain period of time.
4. Employee Perks
Diner’s Card, company car, and sweet bonuses! As the economy rebounded employees began to go job searching again and in droves. As such employers hunting for fresh talent began to offer perks again. The types of perks that attract employees who’re great at what they do. But even lower paying jobs have perks. When I graduated from High School I moved to Texas and started working for a local Pizza Hut. My room mates and I never bought groceries…we ate pizza, pizza, and more pizza. Free food=Employee Perk!
3. Paid Time Off
Entrepreneurs come in different varieties, typically solopreneurs. Like 100% Commissions sales agents, if they don’t work, they don’t eat. So there must be a strong push prior to vacation or after. When you’re employed you might have negotiated for the Paid Time off Benefit. Get paid while you take personal time for vacations, rest, and financial health. Even meetings related to your business. It’s your personal time.
2. Medical Benefits
The Patient Protection and Affordable Care Act (PPACA) or Obamacare, is a federal statute. One of its clauses is that you must have Medical Insurance. If you do not have insurance you will be fined. Most likely the fine will be removed from your tax refund. If you don’t get a refund you will owe the Federal Government up to 2.5% of you income. (Figure at the time of writing this post)
1. Steady Income
Any income can be budgeted and a budget is power. When you have a steady income you have power. You have the power to use your time outside of work to build a greater fortune or future for you and your family. There is less stress and there is greater security.
A steady income could be a detriment because some might lose the hunger and drive to start a business…but not you.
Husband, Dad, Writer, Ex-Pastor, Product Manager, & Nerd