Motivation Monday: Turn Your Side Gig into a Thriving Business Without Quitting Your Current Job!

Summary

The transcript discusses the viability of pursuing entrepreneurship without quitting one's day job. It emphasizes that starting a business on the side is not only possible but can lead to success, as many entrepreneurs have proven. The speaker encourages listeners to begin their entrepreneurial journey today, even if it's just planning, and reassures that it's not necessary to leave their main job. The script also highlights the benefits of part-time business building, such as the ability to shift focus and gain inspiration from balancing work and entrepreneurial efforts. The Walsh Center for Innovation and Entrepreneurship is mentioned as a resource for support.

Takeaways

• 🚀 You don't have to quit your day job to start a business.
• ⚖️ Check for potential conflicts with your current employer before starting a side venture.
• 🌱 Entrepreneurial success often comes from working on a business part-time while keeping a steady job.
• 💡 It's possible to start building your company in your own time, such as evenings and weekends.
• 🌟 Many entrepreneurs feel they are always working on their business, which can lead to success.
• 🛠️ It's important to start your entrepreneurial journey today, even if it's just planning and visioning.
• 📈 Entrepreneurs often find inspiration in working on their business part-time, which can help with focus and scaling.
• 💼 You can work on your business while maintaining your main job, making it a 'both-and' scenario.
• 🏢 The Center for Innovation and Entrepreneurship at Walsh is available to help you start and grow your business.
• 💼 You don't necessarily have to make the decision to step away from your job to advance in entrepreneurship.

Q & A

Is it necessary to quit your day job to start a successful business venture?

No, it is not necessary to quit your day job to start a business. You can build your company in your own time, such as evenings and weekends, as long as it does not conflict with your employment terms.

What should you do if your employer requires you to disclose a secondary business venture?

You should work with your employer and discuss the situation if your day job requires you to disclose having another business or prohibits you from having one.

Why might working on a business part-time help it grow?

Working on a business part-time can help it grow because it allows entrepreneurs to shift their focus between their day job and their business, which can provide fresh perspectives and inspiration.

What is the advantage of starting a business while still employed?

Starting a business while still employed allows you to maintain financial stability and benefits from your current job while you test and grow your new venture.

How can you begin working on your entrepreneurial initiative without leaving your main job?

You can begin by sketching out a vision plan, setting goals for the next 30, 60, or 90 days, and working on your business during your personal time.

What resources does Walsh's Center for Innovation and Entrepreneurship offer to help entrepreneurs?

Walsh's Center for Innovation and Entrepreneurship offers support and guidance to help entrepreneurs start, grow, and launch their businesses.

What is the importance of having a vision plan when starting a business?

A vision plan is important as it provides a clear direction and goals for your business, helping you to stay focused and measure progress.

How can you maintain motivation while working on your business part-time?

Maintaining motivation can be achieved by setting short-term goals, celebrating small wins, and reminding yourself of the long-term vision and potential of your business.

What is the significance of the belief systems around money, possibility, and time in entrepreneurship?

Belief systems around money, possibility, and time can influence an entrepreneur's approach to business growth. Positive beliefs can encourage action and innovation, while limiting beliefs can hinder progress.

How can you balance the demands of a day job with the effort required to grow a new business?

Balancing a day job with a new business involves effective time management, setting clear priorities, and leveraging your personal time efficiently.

What is the 'both and' approach to entrepreneurship mentioned in the script?

The 'both and' approach to entrepreneurship refers to the ability to work on your business while maintaining your day job, allowing for dual focus and growth without having to make an immediate choice between the two.