Motivation Monday: Turn Your Side Gig into a Thriving Business Without Quitting Your Current Job!
Summary
TLDRThe 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.
Outlines
🚀 Starting a Business Without Quitting Your Day Job
The paragraph emphasizes that aspiring entrepreneurs do not necessarily need to quit their day jobs to start a business. It suggests that many successful entrepreneurs have built their ventures while working on the side, using evenings and weekends. The speaker encourages listeners to begin their entrepreneurial journey immediately, even if it's just by sketching out a vision or planning the next 30, 60, or 90 days. The speaker also mentions the benefits of part-time entrepreneurship, such as the ability to shift focus between different aspects of life and work, which can lead to greater inspiration and success. The paragraph concludes with an invitation for entrepreneurs to reach out to the Center for Innovation and Entrepreneurship at Walsh for support in starting and growing their businesses.
Mindmap
Keywords
💡Entrepreneur
💡Business Venture
💡Day Job
💡Disclose
💡Entrepreneurial Thinking
💡Venture
💡Part-Time
💡Vision Plan
💡Center for Innovation and Entrepreneurship
💡Both/And
💡Leadership
Highlights
You don't have to quit your day job to start a business venture.
Ensure there's no conflict of interest with your main job before starting a side business.
Entrepreneurs can build their company during personal time like evenings and weekends.
Successful entrepreneurs often start their ventures while working a full-time job.
The entrepreneurial mindset allows for working on a business while holding a day job.
Many entrepreneurs feel they're always working on their business due to passion.
It's possible to step away from your day job when your business can grow independently.
Encouragement is given to pursue entrepreneurial initiatives without leaving your main job.
Starting a business can begin with sketching out a vision plan and thinking big.
Entrepreneurship can be pursued part-time while working full-time.
Belief systems around money, possibility, and time can be challenged in entrepreneurship.
Starting a business can be done now without waiting for the 'perfect' time.
Working on a business part-time can provide inspiration and a fresh perspective.
The ability to shift focus between a day job and a business can aid in scaling the business.
Walsh's Center for Innovation and Entrepreneurship is available to help entrepreneurs.
Entrepreneurship can be pursued as a 'both and' scenario, not an 'either or'.
Advice on how to take your life, leadership, and business to the next level.
Transcripts
so you want to become an entrepreneur
you want to start a business or maybe
you've started a business venture and
you're asking yourself do I have to quit
my day job in order to make it
successful the answer to that is no now
first let me make a caveat obviously if
your day job or your main job if you're
working for an employer says that you
have to disclose if you have another
business or that you can't have another
business then you know you have to work
with them and talk about that yet
assuming it doesn't conflict and
assuming they don't mind you taking time
on evenings on weekends you know your
own time to build your company you don't
have to step away from one venture to
start another in fact that level of
entrepreneurial thinking is many times
why you see some of these entrepreneurs
be so successful you know they start out
with a company they build it they work
at it on the side on weekends they'll
tell you you know they feel like they're
always working on it and then when it
gets to the point where it can grow on
its own they can step away from their
day job so I want to encourage you if
you have an entrepreneurial initiative
in mind or you have a calling that you
feel you want to create something I talk
to a lot of students and alumni and
entrepreneurs that are just so excited
to be able to build something but they
don't know how they're going to do it
while working full-time it's so
important you know you can begin you can
start today even if it's sketching out a
vision plan right and thinking big or
sketching out what your next 30 60 90
days are going to look like you can
begin this today so that you can begin
building your new Venture and you don't
have to leave your main job you know
many times with entrepreneurship we get
belief systems around money around
what's possible around time right like
oh it's going to take time to build but
you can actually get going on this now
and in fact many folks will say they got
such great inspiration being able to
work on their business part-time because
they were able to shift their brain
focus on their day job focus on their
life outside of work and having that
ability to do that really helped them
build and scale so if you have an
entrepreneurial inkling definitely reach
out to us here at Walsh we have our
Center for Innovation and
Entrepreneurship and we love helping
entrepreneurs start and grow and launch
businesses and think about ways you can
begin that or keep working on your
business now and you don't have to make
the decision to step away it can be a
both and for entrepreneurship so that
you can take your life your leadership
and your business to the next level
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