Starting a new business is never easy, but it can be especially difficult when you are also working a full time job. Juggling the demands of two jobs can be challenging, and it can be hard to find the time and energy to focus on your new business. And if you’re worried about how your current employer will react to your new venture, that’s a valid concern.
As everyone else, I had to find something to keep our thoughts off the fact that we were all confined to our homes for months during the pandemic. For me, this was a wonderful chance to turn my passion for wine into a business that would one day become my dream job. As the result of this epidemic, I came up with the concept of FLAVOUR AFFAIR.
In this blog post, we will discuss some of the challenges that you may face when trying to start a new business while working a full time job. We will also offer some tips for overcoming these challenges.
The challenges of working a full time job and starting a new business
Time
One of the biggest challenges that you may face when starting a new business is finding the time to work on your business. If you are working a full time job, it can be difficult to find time to work on your business.
Tip: Get organized and create a schedule. Set aside specific times each week when you will work on your business. Make sure to stick to your new business schedule as much as possible, such as weekends or one particular hour of the day every day to respond to emails, plan, and update your project plan. Consider using vacation hours from work to take some time off from your job to work on your business; for example, take every other Friday off or a full week if you have a unique project. Keep in mind that you must make time to stay healthy (take walks, eat well, etc.).
One way to overcome some time and experience challenges is to outsource some of the work. This can be done by hiring an assistant or Virtual Assistant (VA), or by using a service like Fiverr. When outsourcing, it is important to find someone who is reliable and who you can trust to do a good job. Be sure to communicate your expectations clearly, and be available to answer any questions they may have.
Work/Life Balance
Another challenge that you may face is maintaining a work/life balance. When you are working two jobs, it can be difficult to find time for your personal life . You may need to make sacrifices in your personal life in order to succeed in your business.
Tip: Set boundaries between your work life and your personal life. For example, you may need to set a specific time each day when you will stop working on your business. You may also need to limit the amount of time you spend working on your business each week. Yes, socializing with friends or coworkers can help promote your new business and acquire new customers. When you are out with friends, mention your business and ask them to spread the word. You can also offer deals or discounts to customers who mention your business.
Funding
Another challenge that you may face is getting funding for your new business. If you are working a full time job, you may not have the extra money to invest in your new business. You may need to find creative ways to finance your business.
Tip: Seek investors by networking with individuals in your field, check for grants or loans that you might be qualified for, start a crowdfunding campaign to raise cash for your new company, sell virtual guides, and/or utilize social media collaborations to generate money.
Managing Your Reputation
If you are working a full time job, you may be worried about how your new business will impact your reputation at work. You may be concerned that your employer will think less of you if they know that you have a side business. Imagine my worries when I made public on LinkedIn that I had started a new business? My entire work leadership was on the platform; nevertheless, I have to believe that a great leader will be pleased that they have an employee with entrepreneurial abilities.My favorite part about making the announcement was all of the young individuals that congratulated me and asked for advice on how to overcome their fear of starting a new business.
Tip: There are a few things that you can do to manage your reputation,
-Be discreet about your new business. You don’t need to tell everyone at work about your new venture. If you keep it to yourself, it will be less likely that people will make assumptions about your commitment to your job.
-Keep your side business separate from your full time job. Make sure that you have clear boundaries between the two. This will help to ensure that your employer sees you as a dedicated employee.
-Don’t let your side business interfere with your full time job. If you are working on your business during work hours, or using company resources, it will reflect poorly on you and could damage your relationship with your employer.
Experience
Another challenge that you may face is lack of experience. If you are working a full time job, you may not have the time to gain the experience that you need to start your own business.
Tip: You might need to seek out mentors or enroll in courses in order to acquire the experience you need. Listen to podcasts that teach you how to start your own company while doing things like driving, cooking, or walking. Read books about entrepreneurship. Attend meetups and networking events for entrepreneurs. The goal is to gain as much knowledge as you can so that you can apply it to your own business.
The benefits of starting a new business while working a full time job
While starting a new business can be a daunting task, there are some benefits to starting a business while you are already employed. One benefit is that you will have a steady income from your full time job, which can help to finance your new business. Additionally, working a full time job can give you valuable experience and knowledge that you can apply to start and grow your new business. Finally, having a full time job can help to provide some stability as you navigate the challenges of starting a new business.
While there are some challenges to working a full time job and starting a new business, there are also some benefits that can help you to succeed. If you are considering starting a new business, be sure to weigh the pros and cons carefully before making your decision. with your current obligations. Doing so will help you to set yourself up for success in both your full time job and your new business venture.
By following these tips, you will be able to overcome some of the challenges that you may face when starting a new business while working a full time job. Remember to take things one step at a time.
Conclusion
Starting a business while working a full time job has many benefits. It can help you reduce the risk of failure, because you have a steady income to support yourself. It also allows you to build your business slowly, without having to quit your job and take on too much risk at once. And finally, it demonstrates to your employer that you are a go-getter and have the drive to succeed in anything you set your mind to. So if you’re feeling overwhelmed by the challenges of starting a new business, don’t worry – you’re not alone. Just remember that with hard work and perseverance, anything is possible.
About my new business, Flavour Affair
The online wine service, Flavor Affair, which elevates luxury and exclusivity to a new level. Our wines are hand-picked by me, your wine expert, so you can be confident that you’re receiving only the finest. We handpick small-batch and hard-to-find wines from across the world to ensure that each of our customers receives a unique wine experience. Flavour Affair has you covered whether you’re looking for a unique gift for a friend, customer or something to wow your dinner guests with.
We also provide wine concierge services and group tastings, so if you’re arranging a large occasion, we can assist you in selecting the best wine for your dinner and adding the perfect touch of professionalism. Make your event more interesting by having one of our wine tasting sessions so that your guests may learn about and taste unique wines.
Lorena Gutierrez, Founder of Flavour Affair- Fine Wine Concierge Service and Online Wine Store since 2020.
Please feel free to contact me at Lorena@flavouraffair.com with any queries you may have.
