Start a business without leaving your day job

Marc Camras

In case you missed the call on “Starting a business without leaving your day job” here is the recap in our latest blog.

Many of us dream of leaving our 9-5 jobs to be in business for ourselves and make our own schedules, build our own empires and live a life of freedom and choice. Many of us dream of it, yet most of us do not take action.

Leaving the comfort of a 9-5 requires courage, confidence and organizational prowess. However, there is another option to consider. Easing into business ownership with a “manage the manager” or “semi-absentee business model allows you to build up a business without having to run the day-to-day operations.

So, who makes a good candidate for part time business ownership?
Someone who wants more security, extra income, pride of ownership, tax deductions, more control over one’s life, and wants to take some risk without fully committing.

It also helps if you have 1) flexibility in your work schedule, 2) income to invest and 3) are comfortable managing a manager.
Having a clear idea of your objectives in starting a part-time business will help you decide what kind of business to start and how to run it.

Here are the top 10 options for managing a manager part -time business:
1.     Check cashing
2.     Tax
3.     Dry Cleaning
4.     Fitness
5.     Beverage
6.     Food
7.     Pack and ship
8.     Retail
9.     Salon
10.   Spa

Let us help you pick something that fits your needs and goals. Much of the reward of part-time entrepreneurship or frantraprenership may consist of the pleasure you gain from having a business that allows you to achieve your goals, taps into your skill sets, and allows you to build equity.