Do you ever want to start your own company, but you’re too afraid to lose that steady paycheck from your day job? What if I told you, that you could start your own company from the very cubicle you’re sitting in? Sound too good to be true? Not so. I’m a great believer in entrepreneurship and the following article from Business 2.0 (my favorite business magazine for those wondering) suggests different ways to build a new company from your current gig.
The 5 Ways to Start a Company (Without Quitting Your Day Job)
1. Use Your Salary as Funding
Finance your idea from your paycheck for as long as possible before selling a big stake to early investors.
2. Turn Common Complaints Into a Business Plan
Just because the company you are working for isn’t filling a customer need doesn’t mean you can’t go off on your own to fill it.
3. Make Your Boss a Beta Tester
Try your product out first on your employer, and then perfect it.
4. Cash In On Your Company’s Reputation
Use your connection to your former employer to open doors.
5. Convert Your Employer Into a Business Partner
Convince your company to spin off your unit.
Happy venturing to those considering, and let me know of any success stories!
Great tips. I just need to save enough to actually fund my idea!
I’d absolutely love to be the CEO of my own company, but I think I need a few more years of real work experience first. :p
I bet all the intelligent minds in this Kineda community could come up with a brilliant business venture.
I should save this article for future use, when i start my real work life!
Thanks for these inspirational tips =)
sounds good, but lets not forget rock hard dedication!
[...] venturing to those considering, and let me know of any success stories! [ Via Kineda [...]
I particularly agree with point 4 a lot. People I meet always seem more willing to talk when I speak of the company and department I work for. Otherwise they tend to pretty much ignore me!
You can take your idea to the Dragon’s Den (canadian entrepreneurial show) and get it funded there. :)
Careful about this. I’m currently needing to negotiate my right to own the projects I start on the side while working for my employer.
http://www.foundread.com/view/the-dangers-of
i have big ideas but no money, where is the defect?
Yeah.. Lenka makes a good point. Not having the capital to even start is certainly the wall most of us hit. Thus, this little post for the most part useful to those already on a steady payroll (or simply those with the cash). =/
Thanks for these tips :-)