Starting a Business
Once an entrepreneur
has incorporated a business, he or she must decide whether or not to begin work on a full- or part-time basis.
Choosing to operate a small business part-time lets an owner fall back on a steady source of income and grow their business slowly, according to Entrepreneur magazine.
"The part-time path also comes with potential pitfalls," the source writes. "It can leave you with less time to market, strategize and build a clientele. Clients may feel you're not offering adequate customer service. You also run the risk of burning out."
Working on your new small business full-time lets you fully dedicate your attention to your venture, which shortens the amount of time until your company is running and making money. This may make you more attractive to potential investors, because you are proving that you are willing to take a personal risk with your company, proving your credibility, according to Business Ideas Profitable.
The disadvantage with running a business full-time is that there is no separate income to fall back on. This may make getting your startup off the ground more difficult, since starting a business can require two to three times the funds initially expected.
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