Turn your passion into a business
In today’s world, it has become much easier to turn any passion or hobby into a business that generates money for you without giving up your current job. As an example, home restaurants and part-time amateur cooks have become a trend in many cities as part-time jobs, which is finding acceptance among restaurant-goers due to the unique experience and the friendly, personalized experience.
A real-life case of the success of one’s passion is Lawyer Karam, who started cooking as a hobby by transforming his living room into a home restaurant every weekend, but he found high demand and support from his guests and clients and received several offers from investors and after a year he opened his restaurants a fulltime job.
What are the benefits of starting your own business part-time?
- Confidence: slowly build the confidence without doing a full dive into the new business fueled by your passion, and gradually build it up as the growth comes through.
- Safety: There is less psychological, financial and social pressure if the project does not generate the expected success and returns for the first few months.
- Planning: carefully plan the growth steps are more experience is gained, issues in operations, clients, dealing with suppliers etc are important experiences that would need completely different attention at scale
Etsy has been a great platform to help entrepreneurs launch slowly and then gradually scale, where many entrepreneurs with a passion for embroidery or making various handicrafts are selling on the retail platform, many of which have full-time jobs.
There are 3 main things you must keep in mind before diving into a new small business:
Educate yourself. There are so many free blogs and books to read before you start, make sure you educate yourself on all aspects of the business first, to minimize the risk of failure
There is never a good time. Waiting until the right moment might be a good excuse to never start, sometimes circumstances are ideal for a chance at a new project, but often it is the fear that holds entrepreneurs back. Just start, and modify as you grow no matter how small the first steps are
Surround yourself with the right people. Having the right people and support is essential to the right start. The best is to find a mentor who has previously built a similar business, and make sure your friends and family are supportive as your first clients!
Our team at Paymennt believes in supporting emerging and small businesses, with a platform providing the right tools to help entrepreneurs just start. Use Shops to launch your online store including the payment gateway for free, where you only pay per transaction once your client buys. PayLink Shops can also be connected to Instagram and Facebook, to enable sales over social media. All accounts also come with a full analytics dashboard to track your sales and send payment links directly to clients.
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