Plus, kickstarting your business requires funding, notwithstanding the losses that your business might incur in its first few phases – requiring you to take care of your venture from your own pocket, or taking a loan.
Loan is probably the easiest way to get started, and ironically the easiest way to put a damper on your business. The repayment of the loan has to be personally guaranteed by the entrepreneur against a collateral which increases the risk factor by many counts.
So, instead of downright quitting your day job, you could try some of these ways and start your venture while keeping your job going on the side.
Create an Online Store
Whether it’s an online florist or a baker that you’d like to be, or whether it’s books, electronics, etc. that you’re selling; whether it’s something that needs immediate delivery, or something that isn’t as keen on a shorter shipping time as it is on the number of locations covered by the shipping solutions – BuildaBazaar with its in-house shipping partner Shipdroid remains the best choice.
So, you’re not just able to effectively focus on the core competencies of your startup, including business development, customer acquisition, ecommerce digital marketing, and so on – but also target on your present job. Plus you are also able to spare some time for your own self.
Be a Freelancer
Plus, there’s no accounting for the experience that you’d be getting from working this way, and then who knows – you could eventually end up working full time in that exact field, and be able to do away with your current job.
Teach an Online Course
This is again the kind of option that allows you to decide on your own schedule, as you can plan your lessons according to your timetable, or keep the video tutorials recorded and post them as per your calendar.
With Dropshipping, you can work from anywhere you like – your house, a cafe – anywhere. You don’t have to worry about the inventory – because as soon as someone makes a purchase on your website, you make an order for the same product on the source website. So, you don’t have to worry about maintaining a warehouse to store your products. Also, it is that source web store that has to take care of logistics and fulfillment of the product to the customer – so that’s another thing that you don’t need to distress yourself about.
These are just a few examples of how you could go on setting up your business without risking a job, and a debt. Until it’s a job that you’d better quit than be in; unless you have already decided that leaving your current job would be the best course of action for you – the best advice for a budding entrepreneur would be indulging in their venture on the side. After you have tested your business idea; after you have actually started earning revenue and then making some profit on the top of it – you can go on to become your own boss, full time.
Source: SaaS GeeK