Bruce Freeman writes a column on small business for Scripps Howard News Service. Here’s some advice he provided on starting a small business on the side if you’re worried about your job.
Kimberly Palmer, author of “Generation Earn: The Young Professional’s Guide to Spending, Investing, and Giving Back”, recommends starting by brainstorming about what skills you have to offer.
Could you teach a second language or offer landscaping or craft skills? Do you like to teach, or make jewelry?
You have to be careful, though, not to put your main job at risk. Continue to work hard there.
Palmer recommends carving out time each week to dedicate to your new venture, even if it means just taking small steps, such as purchasing your website name or placing an advertisement for your services in the local paper.
Your new small business might start out earning just a few hundred dollars every few months, but if you unexpectedly lost your job, then you could invest more time into it and grow that income.
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