In her latest business advice column in The Gleaner, Country Director for WEConnect International in the Caribbean Yaneek Page warns part-time entrepreneurs that they may be cheating themselves. Writes Yaneek:
“A few years ago, I convinced one of my business coaching clients to take three weeks’ vacation leave from his full-time job and execute his strategic growth plan during that period. The business experienced its most profitable quarter ever, and their client base doubled. There was no miracle or magic, just a formal sales strategy, tighter team management, constant and aggressive customer prospecting, closer customer relationships, strategic networking and stronger financial controls. Three years later, his only regret is that he didn’t resign sooner.”
Yaneek elaborates with four specific reasons why part-time entrepreneurship can hold back a business:
These reasons are not meant to encourage a person to quit their job right away. In the article, Yaneek also provides eight steps to prepare an entrepreneur from leaving a full-time job to launching a successful business.