Are You Going into Business Part Time ?If you are going into business part time, then look at these pros and cons first :
Sometimes this is the much better choice, by taking a much gentler approach, and learning the ropes, before letting go altogether. AdvantagesYou can still earn an income while you're getting your new business off the ground.Technology such as answerphones, the Internet and email make it possible to communicate out of hours when you're not available in person because you're doing your other job. It can make it easier for you to juggle your other committments - such as childcare - by allowing you to choose when you work. DisadvantagesIt can be difficult to manage the extra hours you need to put in. Putting in very long hours can be stressful and tiring. There won't be time for much else. It could take much longer for your new business to take off. You'll have to pay tax on both incomes if you continue with your other job. Many people who set up their own business decide to work on a part-time basis to enable them to balance their home and working obligations. Some people decide that the safest option is to continue with their current job setting up their business.Legally you don't have to tell your employer that you are setting up a business, although there may be a clause in your contract preventing you from doing other work. You might want to ask your employer for more flexible working arrangements. These could involve reducing or re-arranging your existing working hours.
Other Associated TopicsMake your 'Passion' Sell A great way for 'Mothers stuck at Home' to start Make your 'Knowledge' Sell Need a good business idea ? Want to do business full time ?
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