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

July 31, 2012  |  

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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