How hard is to be a full-time employee with a business on the side? For many of us, it will not be practical to leave our full-time employment and depend totally on our small business.
This single mom found that it was very tough, yet she succeeded due to hard work, persistence and because she had another quality that is so important to entrepreneurs – the ability to find help when the going gets tough.
Of the many entrepreneurs I interview, I notice that a common trait is the ability to network and find the person who can provide the needed help at the right time. This is especially important for those whose time is divided between a full time employment and a part-time business.
When Fe Frialde was talking in the article about her difficulties in financing, I found it quite striking that she went directly to the head of the communication department of her first client – the International Rice Research Institute – and told him about the problem. Instead of admitting to defeat, she met the problem head on and communicated her difficulties.
Result? The head of the department gave her a downpayment that helped her with the cash flow issue and allowed her to deliver the goods on time.
Lesson learned: don’t be afraid to communicate and face the problem head on. Entrepreneurs are strong willed and open-minded. They don’t mind asking for help.
Full-time employment, part-time entrepreneur
How hard is to be a full-time employee with a business on the side? For many of us, it will not be practical to leave our full-time employment and depend totally on our small business.
This single mom found that it was very tough, yet she succeeded due to hard work, persistence and because she had another quality that is so important to entrepreneurs – the ability to find help when the going gets tough.
Of the many entrepreneurs I interview, I notice that a common trait is the ability to network and find the person who can provide the needed help at the right time. This is especially important for those whose time is divided between a full time employment and a part-time business.
When Fe Frialde was talking in the article about her difficulties in financing, I found it quite striking that she went directly to the head of the communication department of her first client – the International Rice Research Institute – and told him about the problem. Instead of admitting to defeat, she met the problem head on and communicated her difficulties.
Result? The head of the department gave her a downpayment that helped her with the cash flow issue and allowed her to deliver the goods on time.
Lesson learned: don’t be afraid to communicate and face the problem head on. Entrepreneurs are strong willed and open-minded. They don’t mind asking for help.
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interesting article! i will keep this in mind, thanks for sharing!
Truly more and more of us should not feel too secure in our full-time jobs. Entrepreneurship and other income streams must be considered by all. It's the way of the new world and is not just for bold and special few.
sana mas madami pang examples. one example is just not enough.
Who makes more money – employee or entrepreneur? Employee can range from janitor to CEO while entrepreneur from market vendor to mall owner. We have to compare an employee and an entrepreneur with equal resources. At 15% ave. savings rate, 6% ave. inflation as annual salary increase, and 10 yrs. of savings, an employee will have a total savings of 1.1x his annual salary.
At 30% ave. return on equity of micro enterprises, an entrepreneur with the same amount of money invested in business will earn 0.33x the annual salary of the employee. So the employee makes more money. But if the employee’s total savings is 3.5x his annual salary, an entrepreneur with the same amount will earn more. This is because the entrepreneur’s income is dependent on the size of his business. Bigger capital means bigger business. So an employee with savings >3.5x his annual salary will earn more if he quit his job and become full time entrepreneur.
Of course the best is to be both employee and entrepreneur. :-)
Full Time Employee and Part-time Entrepreneur. I know someone like that... It's me.
I'm a Full time Associate Software Engineer at Lawson Softwares www.lawson.com, and a part-time Entrepreneur of Sunshine Empire www.sunshine-empire.com.
"Entrepreneurs are strong willed and open-minded. They don’t mind asking for help."
I totally agree on that quote. I'm only 20 years old, (graduated from Mapua Makati last August 2007) and starting my E-Commerce Business and Network Marketing with Sunshine Empire is truly tiresome. As an Entrepreneur, Strong will and Open Mindedness are the traits that gets me going through tough times. Just imagine, guys on my age are busy playing DOTA and partying overnight while i'm working as a Programmer at day and doing business at night.
There are also times that i really wanted to quit my business. That's the time i get for some help with my Managers both in Lawson and Sunshine Empire.
In conclusion, i motivate every Filipino Youth out there! Help our Country! Don't nag at our government, instead... Be a Success! Have your own Full-time Job and a Part-time business. I'll tell you, it is truly tiresome but it's WORTHED. I've been working for 5 months now and within that spam of time i had been to Singapore and Malaysia for a Business trip. Been to different hotels in Manila and Makati for Sunshine Empire Seminars and I had helped my parents financially.
Isn't it great? Yes, it really is. If your the kind of person who wants to pursue your dream... start your business now.
Hehe, masyado akong nagiging seryoso. I can share my business with you guys just reach me at:
YM: noj_s1@yahoo.com
CP: 09208115127
Mail: jonjon.bonso@hotmail.com
Web: www.jonjon.co.nr
Tama na ang pag-do-DOTA >:)
Jonjon bonso u got me a one big slap at my face when u mentioned guys at your age are too busy playing dota..im not at your age im pretty much older tha u and im one of those guys that dota addict..wat a shy!! actually i love the game but while im enjoing it i have this question inside" wat do i get out of this game, this is just a sort of wasting money... but i cant stop myself, i usually rushed to play dota... when i think of ways how to improved my way of living, its just a mind blowing problem and to escape it dota is the solution. i came from poor family.. and i got job now but it seems not enough... im thinking of putting up a small business that is with in my savings... but its too imposible with the small money that i saved and my lack of knowledge in business its just like a suicide... but truly i want to have a business so i can escape from the 4 corners of employment thats y i came browse this site... wish i ll have my own business in the future.. u r such an awesome guy.. two thumbs up for you.
Hey I really surprise about your title. Hata of to you for this title. I am also fulltime employee in state govt. and part time enterprenur making my blog http://onlinejobsathome.co.cc
This is a great site man. Thanks. Hey when is the next update?
Good post. Nuff said.
Part time jobs or doing a becoming a part time entrepreneur are no more confined only to unemployed people. I have seen some full time employees successfully executing their business and they make better entrepreneurs. Small business can be well organized and less stressful. These days running blogs are also becoming very common and with the proper tools the income opportunity is a steady income. If we try to look around and research a bit there are a lot small business we can try.
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Hey I really surprise about your title. Hata of to you for this title. I am also fulltime employee in state govt. and part time enterprenur making my blog
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When it comes to having a full time job and also being a part time entrepreneur, I would like to recommend reading something about peo services. That will surely help you a lot any person that is in this specific situation.
This is how I was when I started my online marketing company. Working 42+ Hours per week and travelling 10 hours per week, then building a company on the side! Its hard work!