Starting a business begins with an idea

Starting a Business While Working for Another

Ekaterina Lepikhina Business, Marketing

When you’ve been hit with the entrepreneurial bug, your thoughts turn towards the next big thing. Your idea could change how people do business and it only makes sense to you that the next step is starting a business to promote that idea. In a perfect world, we can all ditch our day jobs and focus on creating an MVP, join a startup incubator like TechStars, and make a ton of money. Unfortunately, not everyone can have that dream scenario. Many entrepreneurs continue to work their day jobs in order to provide for their families.

Being an entrepreneur and starting a business takes a lot of time and dedication. You’ll need money, a team to build the dream, and motivation to keep you going when times get tough. Since going all in is not possible for some, here’s some ways your current job situation can motivate you to fuel your entrepreneurial vision.

BE HAPPY THAT YOU HAVE A JOB

Your current job may not be your dream job, but it is what is providing sustenance to you and your family. Oftentimes it is the drudgery of the current job that leads the entrepreneur to a new venture, but the entrepreneur in you also realizes that without it, you have no capital. The truth of the matter is, your first VC is your current job. It allows you to pursue your new dream and invest in the most important part of the dream: you.

APPLY PROJECT MANAGEMENT SKILLS

At this point in your job, you’ve learned a thing or two about how to manage your time wisely. Starting a business also means allocating time and resources to make it work. Focusing all your attention in one detail can exhaust you. While building up your business idea, you can utilize some of the more popular methodologies like Agile, Kanban, or Scrum to run your ship efficiently.

starting a business team

Start-up Business Team Working in Office

WE GOT TO WORK, WORK, WORK THIS OUT

Your job allows you to pursue different avenues. Use the time to work on your elevator pitch to different VCs. Attend entrepreneurial event to connect with other people starting a business like you. Most cities have startup events like 1Million Cups, Launchup, or Startup Grind. These connections are a big part of what will help you succeed.

STARTING A BUSINESS TEAM

Of course you cannot do everything by yourself. At work, there are going to be plenty of people that’ll have great ideas like you. It is the perfect place to find a co-founder or a developer to help you create a product. As an entrepreneur, you know that you will need help and network is the best way for you to find that and vet people that will be a part of your team.

One thing you’ll learn as an entrepreneur is how to make the most of a situation. You’ll find that there are many resources available to you that’ll make things a little bit easier. Tractus Online has many great solutions catered towards the entrepreneurial crowd. Your team may not necessarily be individuals, but companies that like to help and see you succeed in your venture. So keep your eyes peeled and be motivated to make changes that’ll benefit you and your business.

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