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. Mespo is a bot for personal spending, that not only identifies when you might be overspending, but actually sets about fixing the overspend too Mend is a self care app for heartbreak that guides you through your breakup day by day. We took a look... Currently crowdfunding - the augmented reality mobile game that brings you closer to wildlife and lets you get involved in its conservation. Thinking of moving house? This "one-stop shop" PropTech startup could be for you... The InsurTech startup which is the first insurance provider to focus 100% on the needs of digital businesses. With £1.1m in investment now secured, HealthTech startup Neurovalens will turn its focus to launching Modius, it's weight-loss wearable headset device. Insurance Startup Zego, who provide a 'pay-as-you-go' insurance cover service for gig economy drivers, have raised £1.22m in a seed funding round led by venture capital firm LocalGlobe. FirstCapital Co-founder & Chairman, Hazel Moore OBE provides some tips on how to run a fundraising process to improve your chances of successfully raising funding. Nexus by DIA is a new innovation programme working with startups that are developing ideas & innovative solutions in the food retail sector. Applications are currently open for Northern Stars 2017 - a Tech North startup pitch competition, open to 'Northern' based early-stage tech startups...
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