Tips for Building a Side Business While Working Your Day Job

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Tips for Building a Side Business While Working Your Day Job

Many people have dreams of being of their own boss, but this success takes dedication and time. That is why more than 40% of Americans are opting for side hustles.

When you have a full-time job along with a part-time gig or startup business, making sure to have proper balance is crucial. The last situation you want to be in is where one of your jobs is not getting enough attention, or you end up experiencing burnout.

With just a few tips and simple exercises, you can create the perfect harmony between both of your jobs.

Get Plenty of Rest

As simple as this piece of advice is, it can make a huge difference. Not just physically, as many people can truthfully operate with minimal sleep. Mentally, however, lack of sleep can have serious implications on the quality of your performance. You may not be able to focus on your tasks and your mood may start to interfere with work (and personal) relationships.
Make sure to get enough rest so that you are in a position to give 100% each day at both businesses.

Get Inspired

As entrepreneurs, it is important to always stay inspired. Having a role model or an ideal business to emulate can help give you the push to continue.

One example of a person who has been able to successfully wear multiple hats is Christopher Sarofim, president of Sarofim International Management Company, vice chairman of Fayez Sarofim & Co., and a director of the Sarofim Group. Sarofim is an inspiration to many because he also serves on several boards and committees, including the Advisory Committee of the MD Anderson Cancer Center Board of Visitors.

Consider that we all have the same 24 hours a day, and then think about how much people are able to accomplish in their careers. It should drive you to take the same approach with your own dreams.

Manage your Time

Without time management skills, it is impossible to run both a side business and go to your day job. Use calendars, notebooks, dry erase boards, and other tools to stay on top of your workload. Write down deadlines and important dates so that you never miss out on key tasks at either job.

It’s important to note that time management does not mean cutting out personal time or other events from your schedule. Ultimately, it comes down to devoting less time to distractions and more time on what really matters.

Use Productivity Tools

Using productivity tools will help you maximize your time while increasing overall output. Slack, for example, provides a central platform of communication between various members of a team or work community. This is more productive and time-efficient than sending out individual emails to communicate.

When thinking of the bigger picture for your startup, a software platform that actively plans, tracks, and manages goals is also valuable. Consider OKRs software, which stands for “objectives and key results.”

For an entrepreneur, having a tool to help map this out can increase productivity tenfold. It also cuts back on any surprises in the overall workflow and allows team members to align on what needs to be accomplished.

Set Measurable Goals

At your day job, your company assesses employees on an individual level while also focusing on the overall company’s goal. The same principle needs to apply for your side business.

When it comes to business goals, you need to figure out what your top priority is. This will change as the needs of your business shift, but always have one main, ambitious goal in mind. Then, the best way to tackle this is to write down the KPIs that can be used to measure success. Goal setting has to be paired with accountability in order to drive results.

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