Marketing91

  • HOME
  • Categories
    • Marketing Management
      • Marketing basics
      • Marketing Articles
      • Careers in Marketing
      • Market Research
      • Retail Marketing
      • Services Marketing
    • Strategy
      • Marketing Strategies
    • Management
    • Branding
    • Small Business
    • Sales & Selling
    • Advertising
  • Online Marketing
    • Blogging
    • Social Media Marketing
    • Search Engine Optimization
    • Internet Marketing
    • Ecommerce
  • Brands
    • Marketing Mix of all Brands
    • SWOT of Brands
    • Brand Competitors
    • Marketing Strategy of Brands
    • Business Models of Brands
  • Videos
Home » Marketing management articles » How to balance part time business and full time job?

How to balance part time business and full time job?

January 25, 2019 By Hitesh Bhasin Tagged With: Marketing management articles

Many of us want to start a part time business with our full time job so that we can have a better bank balance. However, when we try to juggle both, then there is simply so much to do that we don’t have enough time in the day to do it.

This does not mean that if we can’t balance a part time business with a full time job, then we will  give up pursuing our life’s goals!! We will fight back, use what knowledge we can most, and diligently find a way to balance the two work worlds.

Part time Business and Full time job - 2

Before we get into things, here is some basic advice for people who want to manage part time business with a full time job.

  • Know that part time business can be very hard to grow but can be profitable also. Several freelancers even make what started out as a part time job, a permanent job. Meaning they work from home whenever they can and when at office, they complete projects and tasks which are meant to be completed in their job.
  • Full time jobs should always take top priority till the time your part time business is capable of handling your complete expenses. Granted full time jobs are as unreliable in the modern market as part times are, but that is just the state of things. A risk has to be taken and it is wiser to err on the side of caution.
  • Once you have made your part time work more important than your full time, you can divide time accordingly. To distribute your work time equally between the two can be extremely challenging and stressful. You cannot serve two masters, as they say.

Part time Business and Full time job

Three main tips for managing part time business and full time job 

1) Schedule tasks between part time business and full time work

As simple as this idea might seem to some people, making a schedule is important and yet difficult to follow. You are guaranteed to succeed as long as you diligently follow the schedule, making only relevant changes, over the course of one month; rinse and repeat.

Also Read  How to segment or differentiate between brand loyal customers?

Online services like Google Calendar, or any other that you may find more preferable, do help. Use mobile devices to help maintain your schedule. Not only can you manage your daily work activities whether you are at the office or on your way home, mobiles help make things more convenient than schedules solely saved on your computer; which can sometimes be inaccessible.

  • A schedule’s main power is to let you spend time on one task, close it when the time is up, and continue spending time on another task. This way, once you have prioritized your workload, you are giving yourself a command to sit at projects and give them equivalent amounts of time and attention.
  • A schedule that gives a few extra hours to priority tasks and less and less for others, with part time jobs taking up an average value (not too little not too great) can help you see steady increases in completion rate and efficiency.
  • With a schedule you have no room to rush. You will sooner or later understand that things will take as long as they take. You will then stick to each project for the time you alotted for it. Surprisingly enough, you will complete most of them on time.
  • Some good programs for making and following schedules are Evernote, Trello, Google keep, Remember the milk and many others. 

2) Work with priority and relevance

You must know the type of work that you can handle. You should not load yourself with new material and hope to learn along the way. While that is ideal in college or external classes they will only be a burden when it comes to balancing full time job and part time business.

  • As mentioned above, relevance is key. Get a part time job that reflects, in some measure, what you do in your full time job. This keeps the playing field simpler. On stressful days (you can be certain of such days) you will find the going a bit easier when you come home and transition from full to part time workloads.
  • On the other hand, you need to be prioritize where active jobs are concerned. When you are required to be on your feet every day, then opt for part time jobs that let you sit before a computer or perform creative or other work that is relatively sedentary. This way you will not wear yourself out by the time you land at the office tomorrow.
  • Since we are on the topic of relevance, make sure you choose a part time business that you know. While it is admirable to try things you are new to or have no idea about but want to learn, do that in your free time; off schedule. But learning something new and doing a part time business in it is a recipe for disaster.
Also Read  Demarketing Explained in detail

3) Patience is a virtue

One of the critical things which can help you balance your full time job and your part time business is patience. You are working in a part time business because you are filled with aggression and you do not want to sit passively in life with low earnings. Alternatively, you might have a talent which is left undiscovered or you are passionate about your part time business and you want to continue it.

  • There will be times when you will miss out on one of the two – part time business or full time work. Due to one reason or another, you might not be able to complete all your work at a time. At such times patience is necessary and you need to maintain your composure so that you can continue with the same tempo the next day also
  • Patience is also necessary so that frustration does not set in. For example – you might think that there is a lot of potential in your part time business. But you are unable to leave your full time job because you don’t have the financial backing. In such times, you need to be patient because your part time business will eventually earn you enough money to make it a full time business.
  • In any type of work, pressure can come from all sides. So you need to have the right expectations with yourself. If you over expect from yourself and don’t have a realistic foresight, then you are uselessly adding pressure in an already packed life of yours. This will further lead to irritation.

Conclusion

Remember that your full and part time jobs are paying you money. Take them both seriously and do what you know. The last thing you need is for a project you adore to go to someone else because you have your schedule full of useless and irrelevant tasks that you are not going to do 100% right anyway, because you do not know them as well as you wanted to.

Also Read  Role of marketing in new product adoption

Work is essential. As long as there are billions of people on the planet, money is crucial in maintaining equality and order (despite several sources marring the very use of money). To get money, you need to work. Most people juggle two jobs or more to pay the bills.

Life is not fair, and plenty of successful people have attested to the claim. Get serious, grow up, and learn to balance work schedules. You can certainly pull off managing a part time business and full time job  with little stress if you are willing to be diligent and determined and are ready to dance to the Song of Balance.

Related posts:

BCG Matrix - 3Above 30 Marketing and strategy models and concepts brand colors - 310 different brand colors and what they stand for Cost ControlCost Control: Definition, Role, Standards and Advantages Variable PricingVariable Pricing: Definition, Examples, Model and Advantages What is Product Lines ExtensionWhat is Product Line Extension? Product Development Process8 Steps of the Right Product Development Process Writing a Research Proposal - 1How to Write Research Proposal? Research Proposal Format Classification of Industrial goodsClassification of Industrial products – Industrial products classification marketing collateral - 133 Types Of Marketing Collaterals Useful in your Marketing Balance of Payments - 3Balance Of Payments

Filed Under: MARKETING MANAGEMENT

Also Read  Personal factors affecting consumer buying behavior

All Knowledge Banks (Hub Pages)

  1. Marketing Hub
  2. Management Hub
  3. Marketing Strategy
  4. Advertising Hub
  5. Branding Hub
  6. Market Research
  7. Small Business Marketing
  8. Sales and Selling
  9. Marketing Careers
  10. Customer Management
  11. Top 10 Lists
  1. Internet Marketing
  2. Blogging
  3. Search Engine optimization
  4. E-commerce
  5. Facebook Marketing
  6. Social Media Marketing
  7. Business Model of Brands
  8. Marketing Mix of Brands
  9. Brand Competitors
  10. Strategy of Brands
  11. SWOT of Brands
GET DAILY MARKETING UPDATES

About Hitesh Bhasin

I love writing about the latest in marketing & advertising. I am a serial entrepreneur & I created Marketing91 because i wanted my readers to stay ahead in this hectic business world. You can follow me on Facebook. Let's stay in touch :)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts
  • What is Benefits Administration? Definition and Steps
  • What is coaching? Different coaching styles
  • What is Corporate Training? Types and benefits
Advertisement

Marketing91

MORE INFO

  • About Marketing91
  • Privacy Policy
  • Cookie Policy
  • Disclaimer
  • Terms of Use
  • Advertise
  • Contact us
  • Sitemap
  • ISO 9001:2015 Certified

LEARN WITH US

  • Course on Market Segmentation
  • Course on Marketing Strategory Models

WE WRITE ON

  • Marketing
  • Small Business
  • Management
  • Internet Marketing
[email protected]

Copyright © 2020 Marketing91 All Rights Reserved