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Juggling your small business and your day job

October 3, 2011 - Tags: Managing

Istock 000008347001xsmallHave you joined the ranks of countless entrepreneurs who rush from nine-to-five jobs to put in more hours on their own small business venture? You might not be ready to give up the salary that comes with a full-time job, but the draw of having your own business could be too strong to resist.

The reasons for being both a full-time employee and a part-time entrepreneur are many:

  • Easing into entrepreneurship may determine whether it is the right path for you.
  • Testing the waters for your small business idea may allow you to see if it is worth pursuing.
  • Your salary could be start-up capital.
  • Building up a customer base will generate some cash reserves.
  • Having a proven model could help you get more financing.

When you continue to collect a steady paycheque while starting your business, it's a good idea to keep balance in mind. Although multi-tasking is key, it is important to focus on one thing at a time: the job at hand. You may wish to make the most of:

  • Free time — use breaks, your commute, the wee hours
  • Technology — new tools could make you more organized and efficient
  • Your support system — how about delegating tasks to family members or friends?
  • Scheduling — how many projects can you fit into the hours you have?
  • Self-discipline — you will probably have to make some tough decisions

With a foot in both worlds, there will be pressure to get everything done. Temptations may be difficult to ignore, but some traps are best avoided, such as:

  • Working on company time and equipment
  • Being dishonest with your boss
  • Sacrificing family time
  • Neglecting yourself — try to stay fit, get enough sleep and eat properly

Outsourcing administrative tasks may also be practical. Can you hire someone for household chores as well, like cleaning or doing errands?

Being a full-time employee/part-time entrepreneur is a challenge, but awareness, preparation and self-discipline will help you keep all balls in the air; you may want to refer to our Time management page every so often. For more information on getting your venture off the ground, take a look at our section on Starting your business.

Comments

This is, or was me until I was laid off from my job. Having a full time job, and a full time family, with only enough money to make ends meet living paycheck to paycheck, time and resources for my business was suffering greatly, barely crawling forward. To make thing worst I was/am struggling with debt, etc. I need help badly with my business but I feel lost and at the end of my rope.

I had hoped for some kind of government grant to be available to help me, but I’ve come up empty handed. I feel that as a small business start-up one man show, I have no help at all from the government at any level, whether it is municipal, provincial, or federal. I thought that small business was the future of growth in Canada, but I don’t see any support to help me succeed. They should be knocking down my door to help me become successful,so I can grow and hire staff and then provide the government with the taxes and Employment benefit premiums they require. After all that’s what it comes down too, be successful, fund the government in the end and stimulate the economy by creating jobs for others as an employer, and contributing to the community with charities and donations to have an opportunity to give back.

I’m so tired of struggling on my own and not moving much at all. I don’t want o give up. This is my passion, my dream…but I feel like I’ve been standing in quick sand, with no one to rely on for help to save me but myself. Where is the support for your Citizens Canada…Ontario…Mississauga? Help!

By Paul on October 5, 2011

Hi Paul,

You may want to contact the Mississauga Business Enterprise Centre -” they offer free one-on-one business consultations that could be helpful.

To find out about other resources that may be available, contact the Canada Business service centre in your region.

By Canada Business on October 7, 2011

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