📺 Stream EntrepreneurTV for Free 📺

Should You Take Your Part-Time Business Full Time? Now that you're a part-time success, here's what you need to think about before going full time.

entrepreneur daily

Does all work and no play make entrepreneurship no fun? Someentrepreneurs who run part-time businesses based on hobbies, suchas crafts or cooking, find that going full time takes all the funout of the venture. "Going full time turns an adventure into ajob," as business expert Arrnold Sanow puts it.

"Some entrepreneurs have trouble grasping the fact thattheir businesses aren't just pastimes anymore," sayshomebased business consultant Sylvia Landman. "They can'twork at their leisure any longer, and their ventures may requirethem to develop talents they didn't know they had and performtasks they'd rather leave to someone else."

Don't get so caught up in the creative aspects of theventure, Landman warns, that you lose sight of the businessresponsibilities you must assume to make your start-up succeed.Take a realistic look at what going full time will require. Perhapsyou can hire people to handle the business aspects you dislike,such as sales or operations.

Excerpted from Start Your Own Business: The Only Start-Up BookYou'll Ever Need

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Franchise

Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

Not every business can be franchised, nor should it. While franchising can be the right growth vehicle for someone with an established brand and proven concept that's ripe for growth, there are other options available for business owners.

Side Hustle

Her 'Crude Prototype' and $50 Craigslist Purchase Launched a Side Hustle That Hit $1 Million in Sales — Now the Business Generates Up to $20 Million a Year

Elle Rowley experienced a "surge of creative inspiration" after she had her first baby in 2009 — and it wasn't long before she landed on a great idea.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.

Leadership

There Are 4 Types of Managers. Take This Quiz to Find Out Which You Are, and If You're In the Right Line of Work.

Knowing your leadership style, and whether it suits the work you're doing and the team you have, is the first step in living up to your leadership potential.