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. Participants in Catalyst’s Co-Founders programme offered opportunity to avail of a £10,000 proof of concept grant from Techstart to help validate their business idea. Atoa announces pre-seed funding for its solution to empower and improve cash flow for independent, small and mid-sized UK retail merchants. Pact launches its first £30M fund to back early-stage European tech startups using technology for economic inclusion, well-being and climate solutions. Paris-based startup Immortal Game uses blockchain technology to add a new dimension to the most played board game in the world. Co-Founders seeking people with innovative ideas and desire to create startups that could change the world for its 2023 programme. Marketers - want to turn shoppers into customers this Black Friday? Marietta Chatzidiakou, Senior Content Consultant at Digital Ethos shares some tips on how to do just that. Data from more than 500 companies reveals the core health of SaaS startups and assesses how European companies have performed relative to American counterparts. The lowdown on Symphony, the startup that'll give you a front row seat to enjoy the finest live performances by some of the most famous orchestras in the world... SeedLegals, the leading legal automation platform for startup funding steps into backing blockchain marketplace in carbon-neutral deal. The lowdown on Boxlist, the AI-powered social network aiming to be your new go-to place for discovering TV and film recommendations across all streaming services.
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- Catalyst and Techstart offering startup co-founders the chance to win £10k proof of concept grants 30th Nov 2022 Participants in Catalyst’s Co-Founders programme offered opportunity to avail of a £10,000 proof of concept grant from Techstart to help validate their business idea.
- UK fintech Atoa secures $2.2M pre-seed round as it kills Visa and Mastercard fees for businesses 24th Nov 2022 Atoa announces pre-seed funding for its solution to empower and improve cash flow for independent, small and mid-sized UK retail merchants.
- Female-led Pact Launches £30m Seed Fund 24th Nov 2022 Pact launches its first £30M fund to back early-stage European tech startups using technology for economic inclusion, well-being and climate solutions.
- Catalyst's Co-Founders programme opens for applications 23rd Nov 2022 Co-Founders seeking people with innovative ideas and desire to create startups that could change the world for its 2023 programme.
