Part-Time Entrepreneurs Need to Be Empowered
According to Industry Canada, survival rates for small and medium-sized businesses decline over time. About 85 per cent of businesses that enter the marketplace survive for one full year yet only 51 per cent survive for five years.
Yet, with commitment and passion, many have successfully made the transition from part-time start-up to full-time career.
The Intuit survey found that about one third (35 per cent) of start-ups trying to go full-time would quit their jobs if they could pull in a mere $30,000 or less. Depending on your financial goals, taking your business full-time could be closer than you think.
Are you ready to make your dream a full-time career? Here are some tips to help you take it to the next level:
- Define a goal and build on it
- Continue to innovate
- Brush up on your financial literacy
- Make your network work for you
- Take advantage of free services
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