- How much capital do you have available for launching your new business? One advantage to starting a business part time is that it requires a smaller initial investment.
- How long is your list of contacts and potential customers from previous work experiences? The longer the list, the stronger your prospects for realizing a sizable customer base in a full-time endeavor right away.
- How extensive are your personal savings accounts? If you're living "high on the hog," you likely have the financial security to start out full time, even if things don't end up going quite as smoothly as you'd like. If "hand to mouth" better describes your situation, hold on to your regular job and gravitate toward a part-time start-up.
- How well do you know your business partner, if you will have one? Launching a business on a part-time basis provides a greater opportunity for determining partnership compatibility before committing too much time and energy.
A business writer for the past eight years, Kylo-Patrick Hart has run a successful homebased consulting business since 1989.
B-School Cleaners, email@example.com
Suzanne George Shoes, 526 Seventh Ave., #3, San Francisco, CA 94118
usedmall.com LLC, (800) 683-1608, firstname.lastname@example.org