Starting a Side Business Isn’t As Hard As You Think

July 31st, 2012 - By Tonya Garcia

Image: Comstock

Maybe you have a job, but have a secret passion. Maybe you want to make a little more money using a skill that comes naturally. Perhaps you’ve always thought about starting a business, but didn’t want to give up the stability of a 9-to-5. Or you could love your career and simply want to try a little somethin’ somethin’ during your free time.

Whatever the case may be, you’ve given some thought to the “side gig” — that thing you can do in the off hours to make a little extra cash — and you want to give it a whirl. Even if it isn’t a full-on career change, it can seem daunting to get a brand new operation off the ground. But, according to Investopedia, it doesn’t have to be.

“[Many business owners] aren’t expecting these businesses to pay the bills, but they don’t limit themselves on growth either,” the article says. “Starting small keeps the startup costs low. If it does fail, they have lost very little. ”

Among Investopedia’s tips: Don’t go crazy with the marketing since it could be a waste of money and start with a manageable business, like something that can be done out of your house or would only require that you find a small space to rent or own.

Taking it a step further, The Huffington Post has a list of tips to get a business off the ground. Among those tips:

-Choose something you’re passionate for.

-Have a business plan. In other words, answer this question: How are you going to make money?

-Don’t be afraid to ask for help from mentors, friends and family.

And once you’ve got your small business off the ground, tell us about it and you could end up in our Small Business Spotlight. (You can reach us at tgarcia@moguldom.com.)

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  • nasia

    It really isn’t to my surprise. My husband suddenly started a business 3,4 years ago and he works a 9-5 and go to school. His friend co-work and managed in his absence along with a few others workers. Due to my husband schedule I ended up playing a major role, and this was something out of the blue totally unexpected but it all worked out and quickly to my surprise and all I needed was a phone. The first year we did pretty good, and the next year that followed was even better, the year after it began to expand not only in location but in services offered. Like for real money started rolling in !

    I had to laugh at the mention of ” don’t go crazy with the marketing” I sure enough handled my business with all the marketing, strategies, schemes, promoting skills I have learned along the way watching the industry via blogging and the web. You can’t tell me I didn’t boost sales 30% lol !

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