How to start a part-time business - Week 1 Concept
by Startacus Admin
How to start a part-time business - Week 1 Concept....
We’ve come to a rather obvious conclusion…breaking things down into smaller chunks makes them easier to swallow. This is very true for things like burgers, pizzas, birthday cakes and so forth, 
but equally beneficial when trying to “swallow” some great advice for starting up your own business.
So far in our metaphorical buffet of entrepreneurial entrées we've had a number of successful series including “How to start a popup shop” and “How to recruit for your startup” and now that 2014 is already 1/12 gone, we reckon it’s about time we get to work on the next round of posts.
Running a part time business can be a great way to get some of the benefits of self-employment with significantly less work, problems and effort than with running a full-time business… that is of course if you get the concept right! Put in the effort at this stage and you can have a smooth running, lucrative and enjoyable business; get it wrong and you could be left with a hellish, nightmare, money pit, waste of time!
The details
Dont let the words Part Time business fool you, they do not mean that your business is any less real than a full time one and as such you need to follow a structured and meticulous route to give yourself the best chance for success. Some things that you need to think about at this early stage are:
Choose a business - No matter what your interests are, there are a huge number of ideas which are really well suited to developing into a part time business. The key is to choose a business idea which best adheres to your reasons for becoming part time self employed. For example, many people choose to start their own part time business as a way of trialling an idea which could potentially balloon into a full time enterprise, and in that case a clear business model which demonstrates high growth potential is a top priority. On the other hand, if you simply want to earn a bit of extra cash on the side of your day job, then you will want to opt for a business idea that offers flexibility and a good steady income which is proportionate to the amount of effort you are putting in.
Some businesses that are particularly well suited to being run on a part time basis are; baking, fitness classes/ bootcamps, custom-made jewellery, trading on eBay/Amazon, greeting card making, skills classes, music tutoring, handyperson services, clothing/fashion design, seamstress services, antiques dealing, B&B, car boot sales, market stalls, child minding, cosmetic sales, gardening services, laundry/ironing services, musical performance, pet grooming, virtual assistant work, photography, sports coach, street food cart, software trainer, hair and beauty, house cleaning, artist…
It’s a list that really could go on and on but the important thing to remember is that you want to select a business that A) meets your needs B) will make the most of your skill and C) Is something and you have a genuine interest in and flair for. The startup that is on a mission to helps writers improve their productivity... Blitzz join Locpin and ThriveMap who have already received investment as part of this year’s Drive with Belron accelerator programme. Here are some of the key reasons why building a remote team could help your startup... GreenJinn has just launched its crowdfunding campaign on Crowdcube. They’re raising £600,000 to add new brands, shops & take their technology to the next level. Talent take note. At Jobbio HIGHER, you'll be able to network & connect with some of the UK’s best tech companies & high-growth startups... EmptyChair are building an online marketplace, but not for rooms, cars or beauty treatments, but instead to change the way people discover, book and host workshops & classes in London. Applications are open for the Arsenal Innovation Lab, a fab looking 10-week programme for startups to test & demonstrate their products or services with one of the leading clubs in world football. OfferMoments, the Minority Report style billboard creators, aim to disrupt the growing £1billion OOH advertising market, after a £1.5m cash injection to fund a brand new project. The rate of inflation in the UK in August hit a 4 year high at 2.9% after being in decline for the previous 2 months. What impact might this have on UK business? The innovative startup with fact checking at its very core...
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- Belron announce £50k investment in video engagement platform providers, Blitzz 18th Sep 2017 Blitzz join Locpin and ThriveMap who have already received investment as part of this year’s Drive with Belron accelerator programme.
- Arsenal Innovation Lab scouts top startups for new ten-week programme 14th Sep 2017 Applications are open for the Arsenal Innovation Lab, a fab looking 10-week programme for startups to test & demonstrate their products or services with one of the leading clubs in world football.
- Minority Report style billboard Startup raises £1.5m for new under wraps innovation 13th Sep 2017 OfferMoments, the Minority Report style billboard creators, aim to disrupt the growing £1billion OOH advertising market, after a £1.5m cash injection to fund a brand new project.
- As UK inflation rises to 2.9% in August, what impact might this have on UK business? 13th Sep 2017 The rate of inflation in the UK in August hit a 4 year high at 2.9% after being in decline for the previous 2 months. What impact might this have on UK business?
