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How To Use Your Day Job As Fuel To Drive Your New Venture 

Many prominent ‘Entrepreneur Gurus’ have advocated that to be successful on your entrepreneurial journey, you MUST quit your day job and go 120% into your new venture.

While most of us agree that dedication and focus are critical to success, we do not think that quitting your day job right off the bat is the best idea.

In fact, the idea that successful businesses were founded by people with no other commitments and obligations is fundamentally flawed.

Very few highly successful companies you see today were founded by full time entrepreneurs from the start.

Mark Zuckerberg founded Facebook while still a student, Steve Jobs and Bill Gates founded Apple and Microsoft respectively in their garages.

These successful entrepreneurs are not super humans, they are just super efficient.

Here are some tips on how you can use your day job as a fuel to drive your startup business, especially for those of you who are thinking of exiting your current job soon:

  1. Your job is your stable platform
    Everyone knows that the beginning stages of building a business are some of the hardest and riskiest times in the life cycle of a company. 80% of ALL new businesses fail within 18 months!

Your day job is NOT what is holding you back from your exciting new venture. The paycheck that you get from your job provides you with a stable platform from which you can focus on building your business. It is FAR EASIER to focus on the building when you don’t have to worry about how you’re going to put food on the table and pay your bills.

  1. Schedule your time more efficiently
    Everyone has the same 168 hours in a week.

40 hours is what you ‘sold’ to your employer. Take away another 56 hours for sleeping (some of you may sleep less each day), you still have 72 hours of free time to spend on all your other activities.

Granted, you still need to eat, spend time with your family and fulfill your social obligations; but no one is making you go for weekly binge drinking sessions or be glued to Netflix for hours on end. You can squeeze out time for building your business by simply waking up earlier and going out less. Instead of complaining about the lack of time, why don’t you re-frame your mind to ask ‘How can I manage my time resource more efficiently?’

  1. Focus on building daily habits
    Most businesses are not built through ‘hackathons’ or locking yourself up in a room for months and emerging with a brilliant idea and execution plan. They are built through good old fashion persistence and daily action.

Focus your energy on actions that bring actual tangible results to your business’s growth. Build a routine of those growth related actions and cut out all non-essential tasks from your daily schedule. You are already complaining about your lack of time, so make every minute count!

  1. Outsource
    No one knows everything, and no one can do everything.

Focus your efforts on what you are strong at and can only be done by yourself.

Outsource everything else.

Outsourcing to third parties might mean incurring costs in your business, but it is also a way to improve efficiency. Think of it as an investment for bigger and faster growth in your startup.

  1. Use your day job as a motivation
    Many employees hate their jobs. If you are one of them, you can use that as a motivation. Leaving your employment when your venture CONSISTENTLY generates enough income to replace your paycheck can be your goal.

Think about this ultimate goal whenever you are facing doubt and fears, think of the ‘freedom’ you crave whenever you procrastinate. Use your dream of throwing the letter in your employer’s face to push you through the obstacles in the way.

Ultimately, everyone will approach entrepreneurship in different ways; one thing in common between ALL of them is that it involves risk. But, that doesn’t mean you throw all caution to the wind and jump in with your eyes closed. That is the surest way to crash and burn before you even take your second step.

Entrepreneurship is about taking calculated risks and stacking the odds in your own favour as much as possible. A mentor will help TREMENDOUSLY during your early days. Having a mentor will shorten your learning curve significantly and help steer you away from most common mistakes others make.

If you are thinking about starting an eCommerce business with very low risk, I would love to share my experiences with you and help you along, just like how I have helped thousands of Singaporeans own their successful Qoo10 / Lazada businesses.

I am glad to share with you how you can also do it with minimal capital outlay, and at the same time, reveal some proven strategies that have helped many of my students generate comfortable incomes from their own homes, within a few short months of working hard at their new found ventures.

Sounds interesting to you too?

I just need you to take the first step of faith, and register for my free e-commerce training at my office at Bugis.

I look forward to help you set up your new e-commerce business.

Click the Register button below to book your free seat.

Andrew Tan