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Ready to take your side-business full time?

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There are so many ways to run a business — about as many ways as there are entrepreneurs. Often, some of the best and strongest businesses actually start out as side-projects. This happens to be quite a safe way to do it, as it means that you are not risking too much in setting your business up and getting it rolling. But it is likely, if it is doing at all well, that there will come a time when you feel the need to take your business full time. If you do feel this need, in all likelihood it is a pretty good sign. It means, at the very least, that your side-business is probably doing quite well, well enough that you feel you can make it more of a permanent venture. So: what do you actually need to do in order to take your business into the full-time? Let’s have a look at some essential words of wisdom.xx

Keep it focused

One of the earliest mistakes that people in this position make is that they try to do too much at once with their business. You might well have the confidence that your business is going to thrive, but you should still make an effort to keep it as focused as you can, at least at the start. By having a strong focus, you are making it much more likely that your business will continue to be strong, and this is going to be one of your major concerns in the early days of your business. If you struggle to come up with what this focus should be, then it might be helpful to think about what the core of your business is really, at heart. Getting to the bottom of this is also going to be hugely beneficial in terms of giving the business some kind of sense of direction, so this is a practice to get into anyway. But having focus will mean that you know how and where to direct your energies, and that will prove essential as you make the tricky shift from part-time to full-time entrepreneur.x

Think about setting

If you have been working on your part-time business for a while, in all likelihood you have been running it from a spare room or your attic – or even the corner of your bedroom. Whatever setting you currently have your business set up it, it is highly likely that you will want to try and find something a little more permanent if you want to make your business more permanent itself. As it happens, you will usually have a number of options available to you on this front. Most people will simply go and find an office they can claim as their own. But it is likely that you don’t yet have the resources (or the confidence in the business’ future) to buy an office outright. In that case, it is probably a good idea to first rent office space in your local area, and get set up there while you start to build your empire. After a time, you might well find yourself in a position where you can actually buy your own property for the business. But for now, the important thing is just to have the space to work in at all. Get the setting right, and you are on your way to crafting your business.x

Don’t rush

There is a certain energy that usually goes along with this major step in a business’ life. If you find yourself getting overly excited and always trying to achieve the next and the next thing, then you might benefit from taking a little time to slow down and relax. After all, there is no rush – and you will probably find that the more you rush, the more likely it is that you will make a few vital errors which could end up costing your business dearly. Slow down, take your time, and the transition from part-time business to full-time venture will be a much more successful one.

Get creative

Finally, it is hugely important to remember that you are well within your rights to get a little creative from time to time. There are no hard-and-fast rules when it comes to crafting a business from the ground up. If you think you can do something a little different, but it is a little risky, you shouldn’t just shy away from it altogether. Give yourself permission to build your business in the way that you want – that is what matters most of all.

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