Internet-based training provider and resource for business startups Crucial Constructs has launched a new report analyzing opportunities for part-time ventures to become full-time businesses.
More details can be found at: https://crucialconstructs.com/how-to-take-your-side-hustle-full-time
With an increasing number of people seeking secondary employment through online business opportunities, the new report discusses how these can become full-scale ventures and some of the considerations that should be taken into account.
The Academy of Management Journal reports that those who start a business in parallel to their full-time career are approximately 40% more likely to succeed. However, it is almost inevitable that as a small business begins to grow, the owner will want to devote more time to it.
As Crucial Constructs points out, people in this position should first consider what they want in life. Starting a business or growing an existing small business can have its own challenges and does not have the same degree of certainty and security that permanent employment offers.
Readers of the new report are advised to take into account what they have already achieved in their career, as well as the risks involved in turning their business into a full-time concern.
In order for a small venture to succeed, however, the author also advises entrepreneurs with a full-time job to ensure they put enough time and effort into their company. Crucial Constructs states that, in order to be successful, someone in this position should feel like they are working two full-time positions.
The new report elaborates on each of the above points in greater detail, as well as explaining several other important areas to consider. Readers can find the remainder of the report on the Crucial Constructs website.
In addition to the report outlined here, Crucial Constructs provide regular discussion pieces on a wide variety of business start-up topics. Many of the articles are drawn from the company’s array of online courses.
A company representative stated: “The truth is that few people achieve the expected results when they decide to create their own company or at least in the desired time frame, which does not mean that it is impossible or that it is only available to more economically privileged people.”
Interested parties can find more information by visiting: https://crucialconstructs.com/how-to-take-your-side-hustle-full-time
16238 Highway 620 N.,
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No JOURNAL RECITAL journalist was involved in the writing and production of this article.