Take your first step in business

If you have always wanted to be your own boss, why not start your own business on the side?

This ensures you maintain a steady income as you dip your toes into the depths of the business world, exploring the many directions your career could take.

So, what do you need to consider before you start your own business on the side?

Inform your employer

Once you’ve done the research and the ground work, sit down with your employer and discuss your career ambitions with them. It’s far easier for both parties if you’re honest and upfront about your ambitions – and could prove to work in your favour considerably.

For example, if you’re a Personal Trainer looking to open your own gym, your employer is one of your most invaluable resources – ask them for start-up advice and gain insight into the areas of business ownership that you may have not previously considered.

Finally, assure your employer that your side business will not impact on the quality of your work performance. If your employer feels like you’re spending work hours constructing your own business, you may find yourself out of a job. Commit company hours to doing your job. If you have an urgent situation regarding your start-up business, handle it during your breaks, and keep the disruptions to a minimum.

Commit your time

A successful business takes time so it’s likely you’ll have to say goodbye to your leisure time for a while. Be willing to commit yourself to the hard yards of ground work for your business.

If you have significant responsibilities outside of work, or have a demanding work schedule, your limited time frame may not serve in your best interests – consider whether your current commitments are worth maintaining, and if your spare hours are going to be enough to get your business up and running.

Don’t be in a rush

You can’t expect to start up your business successfully on those few spare hours you have during the weekend. Take your time and make sure each step of business progression is complete thoroughly and professionally. Cutting corners will only lead to more work further down the track.

Don’t burn bridges

Whether it’s using your current employer’s office to conduct your business (even if it is after work hours) or pushing aside people who can help you build your network, there are certain behaviours that can burn bridges and impact your business before it’s even started.

Once your start up business has been launched and you’re ready to take the next step on your own, be sure to quit your current job in a professional manner. Thank your employer for the opportunity and time spent gaining invaluable experience that will assist you in the next step of your career.

If you have aspirations to become your own boss, start with the BSB50215 Diploma of Business and learn the process of planning, establishing and operating a successful business. 

Start now - call Foundation Education on 1300 616 197 today.