A part time business will always be just that, “part time” it will never grow into a business that really provides you total freedom. When something is “part time” we treat it that way, that means many other things are more important and come first. Of couse most people have jobs, bills, lives to live, etc. so how do you break free when you can’t spend 40-80 hours on your business the way you do at your job? The answer is simple, you develop a transitional business model. That is a business set up and designed to be phased into over time. This biggest difference though is psychological.
- A part time business is a business that you run in your “spare time” that makes “extra money” that “might someday become bigger”
- A transitional business is a business your run as a part of your life designed to and built with the intention of becoming nothing less then your primary source of income
They may look very similar in early stages but which one do you have and where is your business headed? Tune into today as we discuss this further.