Posted by on May 14, 2015 in Business | 0 questions

When you have saved your salary of one year, you may think of quitting your job for focusing entirely on your business.

But unfortunately, in most of the cases, this situation is not possible in the practical world. There may be some family responsibilities or you may have borrowed some debt. But if you can simultaneously maintain your job as well as your business, problems may not arise.

Take Your Job Positively: Whatever may be your day job, you should take it as a blessing and not a curse. It is never leading you into problems, but actually trying to solve all your problems. You need the salary because it will help you to maintain your livelihood.

It will help you in investing in your business. Most of the investors prefer entrepreneurs who are investing on their own. You may need a huge saving or your monthly paycheck or both of them for making it possible.

Maximize Time: As you have the same hours in each day, you are required to maximize your time so that you can manage both of them without any difficulty. If you know that your work will require 40 hours in each week, you should figure out the areas where you can pay your focus and work efficiently within the time.

Some daily exercise and sleep should always be the priority after your work hours. If you deduct the 40 hours from a week, there are still 72 hours which can be spent according to your wish. Successful entrepreneurs never crave for more time; instead they always manage their time very tactfully.

Plan the Days Well: It may be very interesting to hear that someone is working continuously for 36 hours without sleep. But this is not impressive when it takes a toll on your health. Your approach should actually be managing your time as well as managing your health in the right manner. You can get rid of all unwanted distractions and can manage both your job and business in the right method.

Job as Motivation: You should try to consider your job as motivation. You should find passion and energy within your own venture. You can do this in different ways. Your job will always try to support you as the backup when you are trying to approach the investors for your new venture. Even if your investors are skeptical about investing in your venture, you still remain employed, thanks to your job. You may keep trying with your sales pitch to convince your investors while keeping the job as your back up.

Outsource: You should always know the value of your own time. If you are unaware about it, just calculate it out before launching your own business. If you can hire someone so that the projects can speed up a bit, you should think of outsourcing a portion of your job to some specialists or experts. You should also calculate the breakeven point so that you are not losing money after hiring the outsourcing company.

The entrepreneurs, either starting small business or the large ones, should learn to make the most of the situation. If you have some inborn skills and some personal traits for being an entrepreneur, you may not need to make major changes for being successful in this field.

You should just figure out the ways in which you can maximize your time, can take up your job as the motivating factor, plan and schedule your works properly and can allow the outsourcing activities for speeding up the business process. If you have unique ideas, you can start your business from your home or from your garage. In various ways, the entrepreneurs can be creative even working with a part-time job in a company.

Author Bio: Tobin Maxwell is a well known debt analyst who works in a debt settlement company. In this article, he shares his suggestions on maintaining both your job as well as your start up business.