Learn Small Business

5 Things To Do When You Work Full Time And Run A Home Based Business

Many people keep their full time job when they start a new business from home. Sometimes that is very practical. You can ease your way into things. You will not have to stress out about how your living expenses are going to get paid because your regular paycheck will usually take care of that. You will be able to take your time to grow your business. It can be quite a juggling act to balance the two. Here are some tips to help you balance being an employee and an entrepreneur.

Learn To Say No

This one is listed first for a reason. When you start a new business, it is tempting to say yes to every opportunity that comes your way. When you are juggling working a full time job with working from home, you have to guard your time wisely. You have to make sure that the opportunity you take is a good fit. Every potential client that comes your way may not be a good fit. You have to learn how to say no to things that don’t fit in with your long term goals.

Make Good Use Of Down Time

You may find yourself at a slow period on your job. Maybe you have to wait on public transit. Maybe you have to wait for an appointment. Use this time to work on your business. You may be able to write an article or make a to do list for when you get home. Just make sure you don’t do anything that violates your company’s policies.

Delegate

One of the most important things you need to learn as a business owner is that you can’t do everything by yourself. You have to delegate. You need to build a team around you. You may have to start off using people on fiverr if funds are tight. You should strive to have a virtual assistant on your team as soon as your finances allow it. This person will be a lifesaver for your business. Just decide which tasks you feel comfortable handing off to your virtual assistant and watch your stress levels drop.

Bundle Tasks Together

One way to save time is to bundle tasks together. If you have to run errands, try to make it so your stops are close together. You will save gas and time using this technique. If you have to do mundane stuff like laundry, do it while you watch your favorite show.

Pick One Project To Focus On At A Time

This is probably the hardest thing to do. Most business owners come up with ideas all of the time. If you were just running a business, you could devote all day to whatever project you see fit. When you add working full time to running a business, you don’t have as much time to work on your business as you did when you didn’t have a full time job. Since your time is limited, you will need to focus on one project at a time. Don’t start a new project until you launch the current project you are working on. This will allow you to only put out the best work you can put out.

Working from home and working a full time job can be a challenge. It is important to learn how to manage your time well so you can do everything you need to do in order to be successful at both your job and your business.