.png)
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. SME and starting to plan for Black Friday? These tips will help you create an effective customer comms strategy in the lead-up
Crowdcube and Episode 1 forge partnership to back deep tech startups and invest in the next generation of digital infrastructure
Wellness app Urban raises £5.9 million on investment platform Seedrs to help it further develop its services and expand to more cities Vi, a new 6-week digital programme for pre-seed and pre-accelerator level tech startups to prep them for investment, growth and scale launches Vasile Foca, co-founder and managing partner at Talis Capital outlines why the Chancellor's measures are not enough to tackle the skills deficit and social security issues Ambition, a pre-accelerator programme run by LEO Donegal and NDRC launches to help early-stage female founders from Donegal take business ideas from concept to pitch ATI Boeing Accelerator, the 3 month programme supporting and backing startups in the UK aerospace industry announces Rolls-Royce as partner for its second cohort Amy Robinson, Senior Brand Development Manager at Esendex shares her tips on why customer feedback is vital for businesses in this economy Pingza is an innovative new app that “uncorks the complex world of wine for amateur and expert alike”... Jayne Harrison, Head of Employment Law at Richard Nelson LLP shares some thoughts on striking the balance between working from home or returning to the office
Continued on Page 2...
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
.jpg)
.jpg)
.jpeg)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Crowdcube launches partnership with £100m fund to fuel digital infrastructure and deep tech startups 28th Sep 2020 Crowdcube and Episode 1 forge partnership to back deep tech startups and invest in the next generation of digital infrastructure
- On-demand wellness app, Urban secures major funding boost 28th Sep 2020 Wellness app Urban raises £5.9 million on investment platform Seedrs to help it further develop its services and expand to more cities
- Tech Startup Incubator Vi offers access and learning for pre-seed startups 27th Sep 2020 Vi, a new 6-week digital programme for pre-seed and pre-accelerator level tech startups to prep them for investment, growth and scale launches
- VC Firm Talis Capital critique Rishi Sunak's Job Support Scheme 25th Sep 2020 Vasile Foca, co-founder and managing partner at Talis Capital outlines why the Chancellor's measures are not enough to tackle the skills deficit and social security issues
