If you’re ready to get your business off the ground but aren’t quite sure where to start, here are five do’s and five don’ts, based on interviews with dozens of successful side business owners.
1. Make sure you’re ready.
Do you worry about losing your job? Do you wish you could earn more money? Is your full-time job and personal life stable enough that you can dedicate at least one to two hours a week to a new pursuit? If you answered “yes” to those questions, then it’s time to consider launching your own venture.
2. Choose the right business for you.
Side businesses generally fall into six primary categories: creating products, providing services, running a business, helping others, doing physical work and performing. Take time to do a self-assessment of your own talents, interests and skills to see what might work best for you, and where you’re most likely to find customers.
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