Deciding to join the leagues of entrepreneurs launching a part-time small business can be a major personal and professional step.
It’s also a significant investment of your time and talents, which is why it’s important to choose the right “side hustle.”
Most part-time small business owners get started because they want extra income, low-risk wages, flexibility and the opportunity to contribute to the common good. Learn to ask smarter questions about these highly sought-after benefits to make sure you find the right fit for you and your family:
Extra income: Many people seek a side job with a specific, money-oriented goal in mind. That can be increasing the monthly household income, saving toward a down payment for a new home or going on a vacation. Look for a side gig that solves daily problems around necessities like cooking or eating to ensure your services are in-demand year-round.
Low-risk wages: The ideal side job is easy to start without heavy investment or training. An independent consultant business, for example, can provide low start-up costs, easy ways to join and the built-in appeal of an already established brand, so you can get to earning extra income faster. Before jumping on board, take time to learn the start-up costs associated with any part-time gig and how long it will take you to learn the necessary skills to recoup your investment.
“Starting a business can be a very expensive thing,” Pampered Chef consultant Rachel Hanson said. “I was looking for something that was affordable and gave me everything I needed to get started.
Flexibility and family time: Being your own boss allows you to decide when you will work and when you won’t. Be sure to pick a side hustle that fits your schedule and can be done at any time or even from the comfort of your own home.
Work with purpose: If you get your drive from a powerful sense of purpose, like improving people’s health or bringing families together, a side job that makes an impact is likely to give you the job satisfaction you need to succeed long-term. There are many franchise and direct-sales businesses that have strong charitable partnerships, offer the ability to teach important skills or solve common problems for customers.
Learn more about opportunities for creating your own part-time business at pamperedchef.com/be-a-consultant.
Photo courtesy of Getty Images (Couple at table)