My contribution to The Ultimate Guide to Productivity Group Writing Project
I get to know this "The Ultimate Guide to Productivity" Group Writing Project from my favourite blog, WhoisAndrewWee.com. Ben Yoskovitz over Instigator Blog wants to collect as many tips on Productivity as possible to build an Ultimate Guide to Productivity. This is a good idea on a hot topic of Productivity. As you know, productivity is an important factors that determine how fast and how success you achieve something. At least you can get things done faster with high productivity. Â So let me share my productivity tips:
- 1 task at a time
- Categorize my task to 4 categories:
- high profit/urgent,
- high profit/not urgent,
- low profit/urgent and
- low profit/not urgent
- know my best working time (for me, it is the next 2 hours after I woke up)
- Trying to finish those tasks listed in high profit/urgent and low profit/urgent category in my best working time.
- Never let me procrastinate……
Next, I want to know the productivity tips from:
- Yaro - Entrepreneur Journey
- FMF - Free Money Finance
- JLP - All Financial Matter
- Nickel - Five Cent Nickel
- Jeffrey - Personal Finance Advice
Hope to read more productivity tips late….
How to Start a Part-Time Business that Protect You Financially
The other day I just wrote a post about Guide on Payday loan and Does it right for you? In the last part of the article - conclusion and my advice, I said that you can start up a business that bring side income for you from time to time to protect yourself from any emergency cases.
So this article will be a follow up on that topic, How to Start a Part-Time Business that really can protect you financially?
In most cases, people can easily get into trouble or fell into the trap of debt simply because they do not have enough money to handle the unpredictable emergency cases. Maybe they do not have a budget plan, maybe they do not have any saving or emergency fund and spend every dollar that they earn on shopping. So my advice is before it getting too late, you must prepare for it. You can either start saving for the money or start your own part time business that generate more income to you.
How Part-Time Business can protect you financially?
It quite simple, a Part-time business can bring more income to you from time to time. So you will have extra money for….. no shopping please!. But for your saving account. If you have locked every dollar of your paycheck on certain expenses, and you do not have any extra money for your saving account, then start a part-time business is a good deal for you.
Part Time Business VS Part-Time Job
Maybe you say you can always get a part-time job to bring more income to you. But let me show you why you should start a part time business rather than get a part time job:
- Tax Advantages : With a business, you can claim a lot of expenses as business expenses and deduct from the tax. For example, your cell phone charges, office supplies, petrol expenses and etc.
- Long-Term Benefits : I just want to know how long you can work for money? 10 years? 30 years? Or more? However, if you manage your business and build a system on it, one day, you do not really have to care your business because it can run on itself. At that time, your business income is a long and non-stop income for your life.
- Income Potential : Do you agree that a paycheck has limitation? However, a business, in most cases, does not have any limitation. You can grow your business to bring as many incomes as possible to you. You also can start multiple businesses that generate different resources of income to you.
3 Biggest Reasons why People Do not start Their Own Business
Starting a business can be scary for most people because:
1.Have to leave their steady paycheck/Job
Well, you do not have to. You can always start a part time business while working for your boss.
2.Need a lot of Money to start a business
If you read my post, you will find out that there is a lot of way to start a part-time business at very low cost.
3.No idea how to start a part-time business
Do not worry. You can read my 20 ideas to start a part-time business that make you more money
To start your own business, you must get over your fears and step out. Maybe it is hard and tired at starting while you have to keep both your job and also your part-time business. However, when time goes on, your business will grow and eventually it can bring a profit higher than your paycheck. Furthermore, the limit of an income from a business is always greater than your paycheck.
Part-Time Business - Build your own business while remaining as someone's employee
As I always say, you do not really have to quit your job to start a business. Just leverage on your spare time and start a part-time business while still working for others. This will ensure the security of your regular paycheck to support your life and at the same time you build a business empire for a brighter future.
Simple Guide for Starting Your own Part-Time Business
Before I end up this article, I would like to give some simple steps that you can start now to prepare for your own Part-Time Business.
Step 1 : Find your market
You must know what kind of business you want to run and where is the market. You can always leverage on Internet. You can research a lot of information from Yahoo! Answer, Del.icio.us, forum and business directory. You must be very clear with your market before carry-on!
Step 2 : Educated yourself about your business
Maybe you can buy some books or get some books from library and learn all about your business. Well, different business has different tools, skills and terms in it. Spend some time to educate yourself.
Step 3 : Plan Your Business / Business Planning
Another important step! You must have a plan for your business. You must declare clearly where is your market, how you serve the market, who can help you and how you market your business. This plan is for you to read and remind yourself what your business objective is which you may forget easily after some time. You do not have to write this in formal format like business planning that you give to lender or investor. Just write your plan on a book or place where you can read and see easily.
Step 4 : Get ready your tools and start by taking actions
I saw a lot of people who have a great business idea and business plan. However most of them end up with nothing because they never take action. They love to talk, discuss their idea and plan but never take action to run it and test it. If no action is taken, then your business is just 0. So get ready your tools and take action!
My Last Advice
In the way to start your business, you definitely will encounter a lot of problems. Don’t worry, you can pass these problems and eventually succeed. Just move on and you will never walk alone ;-).
20 Ideas to Start a Part-Time Business that Make You More Money
Everyday, you wake up and prepare yourself to work. You hope time can run faster and you can't wait to get your paycheck. However, every time, you found that your paycheck is not enough to cover all your financial obligation and needs. There are too many expenses to pay!
Sound familiar? If you are finding this condition also happen on you, and then you must take some action and do something. One of the ways that I always recommend to people is starting a part-time business that brings more side income to you.
I do some simple research over the internet and I found some ideas that you can take to start your part-time business:
Ideas 1: Antiques
Make Money from Old Treasure and have fun on it
Resources:
- How to Sell Antiques and Collectibles on eBay… And Make a Fortune!
- How to Make $20,000 a Year in Antiques and Collectibles Without Leaving Your Job
- How to Start a Home-Based Antiques Business, 4th (Home-Based Business Series)
Ideas 2: Computer Tutor
Use your computer expertise to help others enhance their computer skills.
Reference:
Ideas 3: Custom Jewelry and Accessories
This is a good idea if you have any interest and also talent in designing your own jewelry and accessories
Reference:
Ideas 4: Espresso Cart
Coffee business is a good business with average gross profit 55.1 to 61.5% percent per cup.
Reference:
Ideas 5: Garage ad Attic Cleaning/Hauling Service
If you don’t mind putting in the physical labor, you can help a lot of people with your special service.
Reference:
Ideas 6: Handyman
Helping people to fix something and solve their problems
Reference:
- The Family Handyman: Helpful Hints : Quick & Easy Solutions / Time-Saving Tips / Tricks of the Trade
Ideas 7: Home Inspection
You inspect people’s dream house for structure problem and then ask handymen or contractors to fix it
Reference:
Ideas 8: Medical Transcription
There are big demand by hospitals and doctors who need outside help transcribing patient medical record
Reference:
Ideas 9: Mobile Home Entertainment Service
Your service can save the day of homeowner who wants their entertainment system in order.
Reference:
Ideas 10: Mobile Window Tint
Your business mainly helps owners prevent heat damage to their vehicle, home and office building interior
Ideas 11: Office and home organizer
Your business is providing the cleaning service that busy people need for their offices and houses.
Reference:
Ideas 12: Personal Chef
Prepare great home-meals for busy people.
Reference:
Ideas 13: Personal Trainer
People from all age want to keep their body fit. So your business is helping them to exercise correctly and achieve the results.
Reference:
Ideas 14: Picture Framer
Get in the frame with a picture framing service
Reference:
Ideas 15: Plant Leasing and Maintenance
You provide service to those who want a fresh greenery.
Reference:
Ideas 16: Record Search
You help people research the public record and solve their problems by using some specialized databases.
Reference:
Ideas 17: Restaurant Delivery
When customer wants their restaurant order to go, you are ready to go with your restaurant delivery service
Ideas 18: T-Shirt Design
Paint and make unique style of T-Shirt and sell to the market.
Reference:
Ideas 19: Wallpaper Hanging
Help Residential and commercial clients turn their dumb walls into works art with your wallpaper-hanging skill.
Reference:
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Ideas 20: Yoga and Tai-chi Instructor
By being the instructor by teaching people how to benefit from deep-breathing, relaxation and centering techniques.
Reference:
Resources : Entrepreneur.com
