Some say weekends are for relaxing, sleeping in or traveling.
But if you're a full-time employee and you dream of
entrepreneurship, weekends can be for that, too. Take those 48
weekend hours (and, let's be honest, those precious weekday
evening hours, too), maximize your efficiency, and build your
startup.
Brian Eddy and Chad Ronnebaum did that very thing when they
built Q3
Innovations, a product design, development and distribution
company that specializes in the personal safety market. These
Eagan, Minnesota, entrepreneurs started in 1999 when both had
full-time jobs--in fact, Eddy, 30, a lawyer, just recently left his
law firm to work on the business full time, while Ronnebaum, 30,
still works full time in the pharmaceutical industry. Friends since
the sixth grade, the pair decided that even though they both had
successful careers, they wanted to own a business and bring
products like the Alcohawk, a digital breath alcohol screener, to
consumers.
During their six-year startup phase, says Eddy, "We worked
about 50 hours a week at our careers and about 40 to 50 hours a
week at our business." A typical weekday for Eddy was getting
up at 7 a.m., doing business activities until 8:30 or 9 a.m., then
heading to the office. After getting off work at 6 p.m., he spent
about an hour with family and went into entrepreneur mode for the
evening and most of the weekend.
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How can weekend entrepreneurs ensure startup success? "Make
sure you're attending properly to your customers," says
Eddy. "[For example,] we have independent contractors staffing
our phone lines." If you can afford to hire an answering
service while you're at work, do it, as having a human on the
other end can be a boon for business, says Laura Harris of the
Laura Harris Agency, a small-business consulting firm in Corpus
Christi, Texas. Use technology to your advantage, too: A BlackBerry
can help you keep track of and respond to incoming e-mails, and you
can return phone calls on your cell phone during your lunch break.
The goal is to break your tasks into moment-size nuggets.
Weekend entrepreneurs have such a high premium on their time
that organization is paramount. "You don't have a lot of
hours when you can contact people," Harris says. "Start
with the list of things you have to do to make your business
successful. If you can only call people [before] 8 p.m., do that
first." Remember, she says, you can work on your balance sheet
or marketing plan at any hour.
Still, you will have to cut some things out of your schedule if
you're going to make your weekend entrepreneurial venture work.
Harris suggests creating a minute-to-minute calendar that your
nearest and dearest can access, planning non-negotiables into your
schedule (Thursday dinner with the family at 7:30 p.m., for
instance) and taking a bit of time each week to plan out the rest
of your week. "It's the lack of control that freaks people
out," she says. "[Your] calendar might be a busy one, but
[it's OK] if you're controlling it."
Though busy definitely describes the founders of any
weekend business, don't despair. When you become really
successful, you can finally quit the daytime gig and focus on the
business full time, like Eddy did. Though Ronnebaum hasn't yet
left his day job, the pair is still pushing annual sales to more
than $1 million. That sure beats the weekend job you had in high
school.
Originally published in the August 2005 issue of Entrepreneur Magazine