Managing a Startup and Your Day Job

By |2017-09-14T11:21:17-07:00January 8th, 2014|

In an ideal world, an entrepreneur could quit his or her day job to pursue their dream of starting a company, but unfortunately, that is not feasible for many budding small business owners. The sad reality is there are still bills and rent to pay, mouths to feed, gas costs, you name it, making it only possible for a lucky few to dedicate themselves to their startup full-time. While juggling a 9 to 5 job and starting a business is not going to be easy, it’s doable. Here are a few helpful tips to get you through it:

  • Make a calendar and stick to it. By creating a timeline of the milestones you want your startup to hit, it will give you motivation to get things done at a timely pace. At work, things may come up and you may want to put some of your extracurricular startup planning on the backburner, but giving yourself deadlines will help keep you motivated even in the later evening hours. Be realistic though and set manageable goals.
  • Consider clueing in your boss. If you’re planning on creating a company to be in direct competition with your current one, letting your boss know could rock the boat. Otherwise, it may be a good idea to let your boss in the loop, according to this old article from Business Insider. Hey, they may even be more willing to be flexible, adjust your work hours or offer some helpful insight.
  • Don’t work on your startup during work hours or slack off at your day job. One thing potential investors may be interested in is a reference from your current employer. Make sure to continually nurture that relationship while nurturing your startup or, as Matthew Anderson said in his post for The Self Employed, “Don’t let your startup get you fired.”
  • Finally, save your money. Be smart about your personal investments into your company. Bootstrapping is the best option for many startups, but in the risky business of starting a company, you need to make sure you have a healthy cushion to fall back on.