The Perils of Owning a Side Business

The Perils of Owning a Side Business A few weeks ago I wrote a post advising you to get a side business. I have always loved this advice when I read it in magazines, the newest version of it says that high school and college kids should get an eBay business. What a great way to learn about business fulfillment, customer service, pricing, promotion, vendor relations, income potential, risk the list goes on and on! After that post I got a comment from someone who warned about jumping in and starting your own gig. I certainly dont want to give a false impression that its all roses, and it isnt a tactic for everyone. I love the idea because I dont want to depend on one employer for my income, especially since I tend to live paycheck to paycheck. Its hard, and most business fail early on. Whether its a multilevel company, selling homemade doggy biscuits or a service company, there isnt much thats easy about getting it up and sustainable. But imagine what could happen if you could supplement your income by a few hundred, or a thousand, bucks each month. Last night I chatted with a buddy who is a social/clinical worker who has a side gig where he works one night a week and pulls in about $1,000 a month. Nice supplement. It takes time from his family and energy and effort to do the job right. I know that many of you have skills or talents that you could sell to others what are they? Bookkeeping? Web design? Ghost writing? Jewelery making or dog walking? These are all things that can cushion your not-so-stable income. Ok, enough of my rambling check out the perils that Ben Yoskovitz lays out on his post Exposed: The Pros and Cons of Freelancing. Note the awesome discussion in the comments area what do you think? Are you ready to hang your shingle and start your side business? The Perils of Owning a Side Business A few weeks ago I wrote a post advising you to get a side business. I have always loved this advice when I read it in magazines, the newest version of it says that high school and college kids should get an eBay business. What a great way to learn about business fulfillment, customer service, pricing, promotion, vendor relations, income potential, risk the list goes on and on! After that post I got a comment from someone who warned about jumping in and starting your own gig. I certainly dont want to give a false impression that its all roses, and it isnt a tactic for everyone. I love the idea because I dont want to depend on one employer for my income, especially since I tend to live paycheck to paycheck. Its hard, and most business fail early on. Whether its a multilevel company, selling homemade doggy biscuits or a service company, there isnt much thats easy about getting it up and sustainable. But imagine what could happen if you could supplement your income by a few hundred, or a thousand, bucks each month. Last night I chatted with a buddy who is a social/clinical worker who has a side gig where he works one night a week and pulls in about $1,000 a month. Nice supplement. It takes time from his family and energy and effort to do the job right. I know that many of you have skills or talents that you could sell to others what are they? Bookkeeping? Web design? Ghost writing? Jewelery making or dog walking? These are all things that can cushion your not-so-stable income. Ok, enough of my rambling check out the perils that Ben Yoskovitz lays out on his post Exposed: The Pros and Cons of Freelancing. Note the awesome discussion in the comments area what do you think? Are you ready to hang your shingle and start your side business?