Let’s be honest. Walking away from a job with benefits and regular pay doesn’t seem like the greatest idea right now with the economy the way it is. But think about this ideal situation: keep your current job while you start a business on the side. This is commonly called “absentee” or “semi-absentee” business. Many people look would love this scenario, but don’t realize understand exactly what it means. Before you get started, here are four helpful tips as you search for that perfect absentee opportunity:
1. IN EMPLOYEES I TRUST: You will have to learn how to really “let go” and trust others. Absentee businesses require employees. While you’re working at your regular job, you’ll need someone who can run the shop. There has to be at least a few trusted workers on site to operate the business, and it can be a challenge to find them. As a new business owner, you’ll learn quickly the importance of acquiring the face of your business – your employees.
2. LOCATION, LOCATION, LOCATION: Learn it, love it, live by it. It will become your mantra. In general, you can’t run an absentee business from your home office. You need to have a place where customers and clients go so they can purchase your product or service. As an absentee business owner, finding the right location to do business will be one of the most important aspects of your business. (more…)