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. Based in the UK or Ireland and got an innovative early-stage idea for the health sector? Validate that idea via the DigiHealth pre-accelerator - applications now open. The lowdown on watchTowr, the startup that's on a mission to provide organisations with "continuous cyber security assurance aligned to the capabilities of today’s adversaries." Fin Cope, CEO and Co-Founder of environmentally conscious marketplace GoEthical shares insights on the signs of greenwashing he looks out for to help avoid contributing to environmental harm. Pet owners take note! GetSetPet is a startup on a mission to become the ultimate destination for your pet supplies. Andrea Szell, Founder of Spare Desk shares some insights on the positive impact that sharing a workspace can have on our mental health. The lowdown on Oxford Quantum Circuits, the innovative Reading-based startup that's on a mission to make quantum computing accessible to all. Sodexo Live! and L Marks open call for applications from innovative startups and scaleups to join their inaugural North America Innovation Lab.
Startups founded by students and recent graduates from the University of Edinburgh secure SMART:SCOTLAND grants to help support their ambitious and innovative projects.
Lydia Kothmeier, VP of Operations at Storyblok shares insights on the processes and policies that every startup should have in place in order to make remote working work. The lowdown on HoloToyz, the Irish startup and its products for kids that can come to life through the power of augmented reality.
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- DigiHealth Lean Launch Programme opens for applications 11th Aug 2022 Based in the UK or Ireland and got an innovative early-stage idea for the health sector? Validate that idea via the DigiHealth pre-accelerator - applications now open.
- Sodexo Live! And L Marks Seeking Startups and Scaleups for first ever North America Innovation Lab 5th Aug 2022 Sodexo Live! and L Marks open call for applications from innovative startups and scaleups to join their inaugural North America Innovation Lab.
- Innovative University-supported startups secure £500,000 in grant funding awards 4th Aug 2022 Startups founded by students and recent graduates from the University of Edinburgh secure SMART:SCOTLAND grants to help support their ambitious and innovative projects.
- Registrations Open for Inbound Investors 2022 2nd Aug 2022 Inbound Investors 2022 providing NI businesses with the opportunity to pitch directly to leading UK investors over the course of one day.
