How Having a Job Has Helped Me Build a Business
A lot of people are in a rush to claim their freedom, and I don’t blame them. It sucks to be stuck in a job you hate.
But, though some have pulled it off, I’m not so sure that leaving your job and putting it all on the line is a smart way to do business. Of course, I’m contractually obligated to keep my job, so maybe I’m not in the best position to make these kind of claims, but honestly I’m very happy with what having a job has done for my business.
It’s Not All or Nothing
One of the benefits I’ve had over the last few years, is not having to put all my eggs in a single basket. Were I to quit my job, every single word, blog post, or new product I created would have been more important than the last. I’d hear that clock ticking in the background, and I’m sure it would affect my judgment.
Having a job has allowed me to take my time and focus on creating a brand over time. I can test the waters with different projects until I find the ones that that best suit me and are the most profitable. It also allows me to build relationships with my readers instead of having to constantly push products on them in order to survive. That’s isn’t beneficial for anyone…and acting from scarcity is rarely a good idea.
Building a Foundation
Over the last year, rather than worry about monetization, I’ve been able to spend time in the blogging circles and the conference circuit meeting people and building my network. I liken this to building a strong foundation for my business…kind of like the 5 pillars of blogging.
These relationships have been the most critical aspects of my blog’s move from the 1,000,000 Alexa group to the 100,000 group. It’s how I’ve recruited affiliates for the Beyond Blogging launch, and how I’ve managed to get guest posts on half a dozen highly successful blogs.
Creating an online business is very similar to building a brick and mortar in that regard. You’ve got to spend a lot of your early time shaking hands and making friends. Your PR and branding is more important in the early stage than it is in the later stages. If you rush into the marketing phases before your business is ready, than people will blow you off and move on. And even if it does pay off at first, your structure is weak, and not built for long term success. If you focus on building a foundation first…think long term…then you’ll be able to weather small storms along the way.
Learning Your Market
I’ll admit, the products I think my audience wants are often not the same that they want for themselves. I’ve had a few failures, but because I had a cushion, they didn’t destroy my business. Over time, I’ve learned much more about my audience, both here and on my other platforms (especially those), so that I could create things that they need rather than what I wanted them to have.
Developing Skills
Perhaps the most beneficial part of being able to build a business part-time, while I work full-time, is that I’ve been able to take the time to discover what skills I’ll need, and start to not only learn them, but master them. For instance, over the past year I’ve been able to hone my writing style, learn the art of a product launch, learn WordPress inside and out, learn Google AdWords, learn how to create products, build a decent socila media consulting resume, and more. Were I in a spot requiring instance success, this might not have been possible.
Investing in My Business
Lastly, and something that took me a long time to learn, is that by investing money in my business, I’ve been able build it to capacity, rather than watch it choke. I liken it to fertilizing a flowerbed, because even though your flowers might do just fine with water and sunshine, they’ll do much better with a little extra green.
The same is true of your business. If you can spend money on design, marketing, developers, and content providers, then you can create a much more polished product. For instance, my blog design wasn’t cheap, but it paid off. The same goes for the money I spend on ecover graphics and mini-site design.
In paying others to do the work I could have done myself (not nearly as well mind you), I’ve been able to spend more time on the big stuff, such as networking and building assets.
Were I in a position where I needed every dollar I made, my business would still be tied to the amount of time I have available on a daily basis.
I’m Not Knocking It
If you quit your job to start your business (I know many of you), I’m not knocking you. I’m simply sharing my experience for those of you that are contemplating a move.
Has it been perfect? Of course not…I’ve spent more time working this year than I ever have before…but it was worth it.
Now, when I leave my job in the military, I won’t have to worry about where my next meal is coming from, and that is a wonderful feeling.
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