I work in the corporate world by day and by night (and weekends) I run my part-time online home business.
Most people dream of being an entrepreneur and running their own successful business. This is the foundation of the American Dream after all.
Believe it or not…my goal is to not quit my day job.
I enjoy working in corporate America very much, maybe because I have been doing it for so long. I thrive on my daytime routine and my relationships with friends and colleagues. I like the feeling of being successful at my day job and reaping the kudos of being a go-getter on my team. And not to be bragging but, my company is very profitable and I receive very lucrative bonuses that I am not willing to give up. My regular paycheck also helps keep me worry-free. And last but not least, I do not want to sacrifice my daytime career that I have put blood, sweat and tears into for years, especially now.
I do get a lot of reward and benefit from the corporate world even if it is time consuming.
Although the time requirement may hinder my online business growth from my hands on or direct contributions, the money that I bring home, allows me to grow my business in other very important ways.
Bootstrapping my part-time tech business – bootstrapping means to self fund your business.
- Growth is going to be slower because of limited funds, accept that growth could be slower and take years.
- Retained earnings from profits, all retained earnings can go towards growth until your business becomes more efficient.
- Return on investment – It forces you to stay lean and make critical choices about how you spend and decide where your money goes.
- Owner has 100% equity in the company
I do not need a start up backer, I am my own start up backer. I do not have to share my business plan with anyone. And my ideas are my ideas, however good or bad. And yes, those bad ideas are good, because they are actually a spring board to learning from mistakes and adapting.
To make money, it takes money
I can afford to pay for things that other online business’ can’t afford when they are first starting out, such as:
Writers-they are available for research and writing of relevant articles that target my niche’s keywords.
Advertisements – the purpose in advertising is to get my brand in front of as many eyes and into the memories of as many potential current and/or future customers as possible.
Product designers & Engineers – develop and prototype products and projects
Website Designers – to make improvements on my websites and design applications that are relevant to my brand.
Future of My Smart Lifestyle – Myproducts.biz
Future New products-prototypes and samples- research, development and production of Amazon FBA products with smart features. This is the backbone and future of my business plan.
Benefits of a part-time home business
Business growth can be slower, without the business going bankrupt. It takes years for some tech businesses to get off the ground. The website needs time to rank.
My at home online business opens up my creativity and lets me roll with my passions. When I am writing or speaking about my passions, I get in the zone and get out of my own head and into my special intellectual and creative space.
My measure of great success is to have my daytime career and also have a passive income stream that is producing wealth behind the scenes, whether I am at work, at home and even sleeping. My online business does take a lot of work and time and it is by no means easy but it is doable.
I am not looking to become an overnight multi-millionaire, although that would be nice. I do believe however, that with consistent dedication and effort, I can bring in a substantial amount of money and other financial benefits from sponsors that will improve my life immensely.