Match the Business You Start to Your Work Style to Maximize Success
- Author K. Mackillop
- Published June 13, 2010
- Word count 389
One of the great freedoms of entrepreneurship is creating a job that fits perfectly with your personal work style. If you don't account for your own preferences before you launch a business, you are likely to lose interest in the project and have difficulty keeping yourself motivated. The most successful entrepreneurs are very self-aware and build their business ideas around their own strengths.
Your first consideration is whether to launch your business full-time, part-time, or in your spare time. Each option means different things as far as what type of business to select, how much time it will take to plan and launch, and whether you can expect significant growth. Spare-time startups are the natural result of an existing hobby or interest. If this is the case, be careful. If you take repeated deductions of business losses over several years, the IRS may re-classify your business as a hobby, leaving you on the hook for underpaid taxes.
Part-time startups are typically intended to supplement income or reduce risk in the hopes of growing the venture to a full-time endeavor. If you are looking to supplement income, then your part-time startup will have to limit growth and be a fairly flexible endeavor. Planning to grow a startup from part-time to full-time can be more difficult. Businesses tend to grow in step-change spurts, when a combination of efforts seems to pay off overnight. In these cases, it is critical to prepare yourself and your business through solid planning.
Another work style factor to consider is where you are happiest working. For some, a home office is ideal. For others, the other distractions of home life make it difficult to be productive. Some entrepreneurs prefer to always be on the move, travelling the area or the country on a regular basis. Also consider the level of interaction with others you are most comfortable with. Do you want to be chatting up strangers much of the time or do you prefer to be behind the scenes?
Develop a vision of what you want your work life to be. Define a typical day -- where will you be? What will you do? Once you have a clear idea of how you do your best work, selecting the right business will be much easier, and your ability to turn your idea into success is magnified.
K. MacKillop, a serial entrepreneur with a JD from Duke University, is founder of LaunchX and authors a blog about starting a business. No matter your work style, there is a business idea to fit you. The LaunchX System for Business Startup will help you turn that idea into a successful company.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Creating a Profitable Business with PLR Planners and Printables
- Before You Order From IKEA, Read This First – I Wish I Had
- Mini Split Cleaning Services in Newfoundland – Book Now
- Mini Split Cleaning in NL: DeepCleanNL’s Expert Approach
- Minimalist Home Decor Made Simple: Less Clutter, More Peace
- How Mini Split Cleaning Improves Your Home’s Airflow
- Get Instant Cash for Gold – Trusted Gold Buyers in Delhi, Noida & Gurgaon
- Abdul Basit Moosani: A Journey of Vision, Grace, and Grit in Dubai’s Real Estate World
- DeepClean NL: Expert Mini Split Cleaning for Residential Homes
- The Ultimate Guide to Web Development in Dubai by Gulf Website Hub
- Is My Business Ever Going to Take Off?
- Why You Need a Professional Locksmith in Dundee
- Mini Split Cleaning Pays Off: Save on Energy, Improve Efficiency
- Norhio Plumbing Inc.: Expert Plumbing, Water Heater & Drain Services Across Twinsburg, Solon, Chagrin Falls, Aurora, Hudson
- Smart Living Starts Here: HomeAutomation Services by IntelliHome
- Eagle Service Company Services: Your Trusted Home Comfort Experts in Birmingham, AL
- Reliable Painting Services for Residential and Commercial Properties
- Find the Perfect Fireplace for Your Home
- Hiring Help: What If You Can’t Afford Them?
- Why You Need a Professional Real Estate Photographer in Northern Nevada?
- Aronov Realty: Your Trusted Partner for Finding Homes in Wetumpka, AL
- How to Recycle and Donate Unwanted Items Before Moving in Ottawa?
- Is It Time to Leave Home? How to Find Your First Office
- Why Professional Property Videography in Tahoe, NV is a Game-Changer for Real Estate Sales
- Guide to Roof Repairs – Protect Your Home Before It’s Too Late
- HTCA Air Conditioning NYC
- How to Quickly Send Money to India Without the Hassle with Safariremit
- Buy Trustpilot Reviews
- Enhance Your Property with Expert Concrete Flatwork & Finishing
- Commercial Cleaning Services in Sydney Austrlia