In the past few years there has been an increase in number of entrepreneurs who want to make their own product and set-up their own startup business. Though, quite a few of these entrepreneurs grow quickly in their business and make millions; there are a significant number of people who fail as well.
As per statistics, only handful entrepreneurs under 30 are running their own business. However, more than 60% of the people wish to start their own startup business. But, what’s keeping them from doing so? Certainly, it is not the lack of information; since there is no dearth to free, reliable and inexpensive information when the Internet being so easy to access. There are innumerable sites that provide the necessary information and educate them. It is very easy to learn new concepts and pick up new skills, master them and be innovative. Rather, it is only possible if you are motivated enough. Some of the most common reasons that entrepreneurs fail are lack of confidence, motivation and resources. Starting a business and succeeding in it is difficult; whether you are employed or not.
It requires tremendous energy and a lot of perseverance to make a business successful. If you have a full-time job, then you are hard-pressed for time. And, if you do not have a full-time job and are trying to set a business of your own, then you are hard-pressed for income. Either way, establishing your own venture is a difficult task. If you consider the pros and cons, then establishing a business while you’re still working full-time is a sensible thing to do. Firstly, you do not have to compromise on the luxuries you are enjoying currently; which you might have to do so when you quit your day-time job. Secondly, your income can provide you a steady fund for your new venture. This significantly reduces the performance pressure. Here are ten steps to setting up your own business while keeping the full-time job.