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. Women in Tech themed half-day event and startup pitching competition to take place during next year’s Derry City and Strabane District Council’s Enterprise Week HyperJar is a FinTech startup and digital app which is making it easier for people to plan, share and spend their money More FinTech headquarters based in London than any other city according to report just published from Savills and flexible office specialist Workthere PropTech innovation continues with the launch of Track, a property and money manager app aimed specifically at younger homeowners Joii, the innovative platform and app that is on a mission to make petcare more accessible, more affordable and more convenient Belfast based startup, Locate a Locum secures £1m in equity funding and plans further development and job creation The innovative platform which helps organisers of trade shows to find, attract and convert new attendees for their events year on year The lowdown on Caroo, the Manchester-based startup that is shaking the recruitment sector up by doing everything differently... The electronic signal device that sits between your instrument and your amp to allow maximum sound quality to transfer... How Soapbox Labs is on a mission to "deliver the power of voice to children everywhere” using kids’ speech recognition technology
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- Derry & Strabane Tech event championing women in tech and tech inclusion announced 5th Dec 2019 Women in Tech themed half-day event and startup pitching competition to take place during next year’s Derry City and Strabane District Council’s Enterprise Week
- London leading the way for global FinTech headquarters 4th Dec 2019 More FinTech headquarters based in London than any other city according to report just published from Savills and flexible office specialist Workthere
- London-based startup Perlego raises £7 million 19th Nov 2019 Major investment news for Perlego, the London-based startup that is on a mission to make education material accessible for all
- Investment announced in Aisha, the award-winning halal baby food manufacturer 13th Nov 2019 Aisha secures seven-figure investment from the Foresight Group to help its marketing, development and international expansion plans
